America's aging population is keeping house prices high, a Wall Street economist has warned in a research note titled 'Blame the Boomers.'Home buyers are currently facing a perfect storm of elevated mortgage rates and high house prices, meaning property is now less affordable than it was But economist Jonathan Millar said the issue is exacerbated by the number of Baby Boomers - those aged between 57 and 75 - forming new households either due to retirement, divorce or the death of a spouse. Millar added this is putting pressure on already-limited housing supply, keeping prices up.
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