Being a 'forever renter' is attractive to millennials and empty nesters, says the Post Brothers CEO

As economic woes continue to pummel the housing industry, one real estate developer is finding opportunities within a new market – the "forever renters." Post Brothers CEO and co-founder Michael Pestronk joined "Varney & Co." Friday to discuss the real estate opportunity brewing in urban areas as some Americans are opting to rent instead of buying a home.