Tuesday, January 21, 2014

Boomers' Demand Shifts to Change Real Estate

Boomers' Demand Shifts to Change Real Estate

Aging Boomers to Boost Demand for Apartments, Condos and Townhouses:
The aging of the nation's Baby Boomer population could reshape the United States' residential real estate market and economy in the coming years. As members of this demographic get older, many will move out of the houses where they raised families and downsize into smaller, cozier apartments, condominiums, and townhouses. 
This is a normal transition for people of such age, but it represents a potentially massive shift in the nation's housing demand. Based on demographic trends, the nation should see a stronger rebound in multifamily construction than in single-family construction in the years to come.  read more...

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