Photo Credit: Alamy Stock Photo
One of the surprising trends in the U.S. rental market in recent years has been the emergence of Baby Boomers as a major source of demand. For many, the view of a typical renter is a young person, living on leases while they leave home for the first time, seek out jobs and potential partners, and accumulate the savings needed to buy a house and settle down. In contrast, the Boomersâa more established generation, and one whose members have benefited from tremendous economic prosperity over the course of their lifetimeâare far more likely to own a home.