The Harvard University’s Joint Center for Housing Studies predicts Echo boomers, the children of baby boomers, will be the salvation of the housing market. I knew my 28 year old twins would come in handy someday!

In its annual state of the nation’s housing study, the center says that the 75 million Americans born between 1979 and 1995 will mean plenty of demand for housing units.

The report predicts that once the job market turns around, the housing market will recover quickly because inventories are close in balance between supply and demand.

But the study warns that while echo boomers will increase demand significantly, they may not drive up prices much because their real incomes are lower than those earned by people a decade older when they entered the job market.

Thank your kids for saving our butts.

Sources: CNNMoney.com,