CNBC reports that American baby boomers are downsizing from their suburban homes and increasingly turning to the dynamic lifestyle the rental market offers. This provides an additional source of demand for rental housing, which can drive growth in income for owners.

apartments multifamily portland investAccording to a new report from Harvard’s Joint Center for Housing Studies, the number of higher-income rental households has doubled in the last decade, and that trend will likely increase in the coming years as more older American adults downsize.

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