Why more NJ baby boomers are renting instead of buying

March 1, 2016

“Baby boomers are over-housed, essentially they’re moving from their very large 4 bedroom homes, they’re empty nesters and they don’t need all that space,” said Rutgers University economist James Hughes.

Hughes said the bursting of the housing bubble a decade ago changed attitudes toward homeownership very significantly.

NJ101.5 Radio, February 25

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