An excellent article on the McMansion housing market in New Jersey – equally applicable elsewhere – can be found here. In short: demographically more boomer sellers than GenX buyers, compounded by the fact many GenXers really don’t want McMansions, and those that do can’t afford to move. “We’re just at the beginning of this,” says a real estate consultant.
GenXers aren’t buying what Boomers are selling (McMansions)
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