Sat, 19 May 2012 17:28:56 -0800WeeblyMon, 12 Mar 2012 00:00:00 -0800http://dougbridges.com/3/post/2012/03/in-the-line-of-fire.html

According to leading economist and market forecasters in our country an “Echo Boomer” is a son or daughter of “Baby Boomers”.  These are people born primarily between 1981 and 1995 and who will have a very large impact on American housing over the next 20 years.  In a report by researchers from The Urban Institute and the University of Southern California “Baby Boomers” will “swell the nation’s senior population by 30 million.”  The supply of housing will increase because people over 65 typically release much more housing than they absorb.  This “increased supply” could mean additional buying opportunities for “echo boomers.”  The “Echo’s” will probably absorb 75-80% of the available inventory of owner-occupied housing by 2020. 

These echo folks include nearly 65 million people and should have an enormous impact on the country’s economic and housing policy.  They could (should) absorb the current vacant inventory and help stabilize conditions for residential construction.  The researches feel that “approximately 12 million new households will be formed over the next decade, requiring construction of up to 15 million new housing starts.”

Doug says, “Go Echo Boomers”! 

 

Now, closer to home, here’s the scorecard for your Midlands neighborhoods 
over the past 45 days:

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