According to Barclays, baby boomers might be to responsible for the current housing imbalance.
“Despite mortgage rates being at multi-decade highs, the US housing market is once again on the rise. Although the lack of available homes and mortgage lock-in effects have received a lot of attention, Jonathan Millar, Director, Senior US Economist at Barclays Investment Bank, believes that high demand is a sign of an ageing population. It’s … Read more