Positive factors in real estate that the media seems to ignore

Real Estate Agent with West USA Realty

The reasons for optimism:

During the 2005-2007 correction:

Median household income grew by 5%

4 million jobs were created

2 million "legal" immigrations to the U.S.

U.S. population grew by 5 million people.

House prices fell, so affordability is up !

3 million family formations

"Boomers" retiring abated sales & or purchases.

Why an up-turn in late 2008 & early 2009 is likely & by 2010 solid...

Pent up demand from the correction will work off inventory.

Population growth by another 5-7 million people to a total of 315 million by 2010.

1 million plus "legal" immigrations per year.

Generation X = 30 million

Generation Y = 70 million

100 million growing in to home buying age !

Youngest 20 + /  Oldest early 30's

It's estimated that only 5% of X & Y own homes now.... 

Comments (1)

Andrew Carroll
Special Asset Management - Saratoga Springs, NY

Why doesn't  the media or your trade associations discuss what happens to all those foreclosed properties, Both residential and commercial?


Feb 27, 2008 06:37 AM