Echo boomers will lead us out of the housing bust, but when?


Housing's best chance of a recovery will be the echo boomers, children of the WWII baby boomers, according to a Harvard University study. The big question is how long will it take for them to have the income stability to help us out of this mess?

With unemployment at its highest rate in almost 26 years, record foreclosures and frozen credit markets, there's not much light at the end of the tunnel. Echo boomers are that light. That generation is now in its peak home-buying and renting years -- between the ages of 25 and 44. Echo boomers even number 5 million more people than the infamous baby boomer generation.