The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Monday, February 14, 2011
Shifting Demographics and the U.S. Apartment Market
The biggest trend that preoccupies most apartment companies today is the entry of the Echo Boomers into the renter market. This is the cohort born between 1980 and 1995, and they number 80 million. The “best estimate” is that there are about 15 million Echo Boomers that will enter the prime renter ago of 18 to 34 this decade, according to Kern.