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Boomers Flock to Rentals...

Feb 1, 2016

Boomers Flock to Rentals, Putting Even More Pressure on the Market

Young Americans could be facing some fierce competition in the rental housing market — their grandparents.

A growing number of older Americans are writing rent checks for their housing these days. In fact, the number of renters ages 50 and over increased by a staggering 50 percent between 2005 (10 million) and 2015 (15 million), according to a recent rental housing report from Harvard University’s Joint Center for Housing Studies.

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