Millennial-driven housing boom seen on the horizon

housing boom

housing boomBy Ben Brody | CNNMoney

The Millennials who for years have been holed-up in their childhood homes while the economy imploded, now seem poised to move out of their parents’ basements in a big way.

According to a report released Thursday by Harvard’s Joint Center for Housing Studies, as the economy shows signs of improvement, by 2025 Millennials could form 24 million new households and spur a huge comeback in the U.S. real estate market.

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