A common narrative is that millennials have been leaving cities and for more space in single-family rentals during the pandemic.
But Michael Carey, senior director at Altus Group, says there's more to the story.
"It's not just millennials," Carey says. "It's older people too. It's the younger baby boomers in their late 50's or early 60's. A lot of people have decided to cash out now."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
