Millennials and baby boomers were expected to transform the housing market as they grew older. Finicky younger buyers would demand new designs and urban lifestyles, shunning their parents’ suburban neighborhoods. At the same time, downsizing boomers would trade their large suburban homes for downtown condominiums, leaving outlying communities with fading strip malls and unwanted houses, some analysts predicted.

It has not worked out that way. Continue Reading →

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