The future trend in housing, especially in high-end markets, may be in apartments, not single-family homes, some experts say.
The economic downturn has affected homeownership -- fewer people qualify for loans even as home prices have declined, and those declining values have made some buyers wary of entering the market. Other trends could have an even greater influence in swinging people away from ownership and toward renting.
Both the current generation of young professionals -- Generation Y -- and aging seniors are looking more at renting as a way to live where they want to, with the services and entertainment they want nearby. They can easily leave on vacation or pack up to take a promising job in another state without the headaches that come with homeownership.