Four Demographic Waves to Watch
As this recession was first getting underway, former Chief Economist for NAR John Tuccillo was interviewed and asked what REALTORS should be studying to succeed in the real estate era ahead. His first answer to that question was simple: demographics. The population changes that are coming will affect everything about the real estate business and those who work in this industry!
Echoing John Tuccillo’s advice, a recent RISMedia article (“4 Major U.S. Demographic Waves to Watch in New Decade”) reports on four demographic trends that will shape residential real estate very differently over the next ten years:
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As the U.S. economy recovers, emerging trends in demographics and consumer behavior will become major drivers of new housing opportunities, resulting in a residential market vastly different from the one that existed prior to the recession, according to Housing in America: The Next Decade, a new research paper authored by John K. McIlwain, senior resident fellow, Urban Land Institute/J. Ronald Terwilliger Chair for Housing.
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To read the entire article and discover the “four waves” to watch, go HERE.
[SOURCE: RISMedia]
-- Mack Meeks CENTURY 21 Mid-State Realty L.L.C. 1810 Sharp Springs Road, Winchester, TN 37398 Office: 931-967-4321 Fax: 931-967-9378 Cell: 931-808-8661 www.mackmeeks.com mackmeeks@century 21.com
