On Real Estate
11:32 a.m. CDT, July 6, 2014
That may be something of a surprise, given the media reports and demographic prognostications that have painted an impression of a stampede of downsizing boomers into apartments, condos and town houses. But that’s just not happening — yet, according to Fannie Mae researcher Patrick Simmons.
In an edited interview, the director of strategic planning for Fannie Mae’s economics group said that though such a wholesale change probably is inevitable, boomers these days show little inclination to leave the single-family home lifestyle that, to an extent, has defined their generation: