business

From 1990 to 2010, the age group that saw the biggest increase in the percentage of renters was those between ages 35 and 44.

“In 1990, 23 percent of those people rented, and in 2010 that was up to 29 percent, while other age groups stayed fairly similar,” Bujold said.

The housing action, she predicted, is likely to continue favoring the central cities and closer-in suburbs because potential buyers continue to be wary of rising gas prices.

“I think there’s still some nervousness in the consumer marketplace about being too far out,” she said. “They want to be closer to goods and services, and to be connected to public transportation if they think they’ll need it.”

 

Don Jacobson is a freelance writer in St. Paul.