Boston homeownership keeps sliding
The Boston Globe - 01/28/2016
The decline is in large part attributed to the recent population growth, driven by a wave of young adults moving into apartments around the region. People between the age of 20 and 34 have made up the vast majority of population growth in the core of the region in the last 15 years, said Barry Bluestone, a professor of public policy at Northeastern University.
“It reflects a powerful demographic trend that’s going on here right now,” he said. “Young people are staying in Massachusetts. And most of them are renters rather than homeowners.”
But the figures also reflect the challenges would-be homebuyers of all ages often face in one of the nation’s priciest housing markets.