Tight supply saps home, condo sales
The Boston Globe - 06/23/2015
Barry Bluestone, an economist and director of Northeastern University’s Dukakis Center for Urban and Regional Policy, said the disappointing sales of recent months may prove temporary as demographic changes over the longer term spur increased activity. Aging baby boomers will continue to downsize to smaller quarters over the next few years, while younger families will seek single-family homes.
“I don’t think these [current housing] numbers represent the future,” he said. “The more important story is what will occur in the next three to five years.”