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Experts: Sluggish home sales will persist

kabc
By ABC7
Monday, March 10, 2008
The researchers have identified what they call an unprecedented "generational housing bubble."

They make the prediction as the baby boom generation retires, downsizes and moves on.

As a result, there may be a big surplus of homes for sale; more homes than there are buyers for them.

There are an estimated 78 million baby boomers in the U.S.

 

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