The Greying of the Suburbs
Stephen Deere reports on the aging demographics of suburbs like St. Peters, where the percentage of residents under the age of 18 has dropped to 23 percent.
"Joe Zanola, whose Zanola Co. is the St. Louis area affiliate of the MarketGraphics housing market research firm, said some older communities losing population aren't providing enough newer homes of various styles for people in different age brackets.
For example, he said, some longtime residents would like to move to a different type of home if it's in the same locale, but few are available so they stay put.
"You have an embedded population of boomers aging who don't want to leave the area but would gladly accept an alternative,'' he said."