Boomers, Millennials, and the McMansions No One Wants #realestate #investment #homeownership

Source:  Realtor.com

As baby boomers look to downsize out of their suburban McMansions, a generational showdown is looming:  Millennials might be coming into their own as the nation's biggest group of first-time home buyers, but they aren't exactly lining up with bids in hand for those large, expensive homes in the sleepier suburbs.  Instead, they're looking for a different kind of home - the same ones, in fact, that the empty nesters are looking to buy.

It's a battle of the millennials vs. baby boomers playing out in the nation's suburban housing markets.

Younger and older generations alike are gravitating toward smaller dwellings in more urban, walkable suburbs and cities, with restaurants and coffee shops around the corner.  It's leading to a real estate traffic jam:  Increasingly, boomers are getting stuck, because most can't buy the home of their dreams until they unload their current ones.  And many millennials have neither the desire nor the means to help them out.

Click the link to check out the full story:
http://www.realtor.com/news/trends/boomers-millennials-and-the-mcmansions-no-one-wants

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