At one of recent training event our OP shared theses facts about where buyers will be coming from in the future and I thought this was very interesting.
The U.S. population in the early years of the 21st century is undergoing profound change with increased immigration, a huge age group entering retirement age, another generation in their prime home buying years, large regional migrations and more. All of these factors will have a huge impact on home purchasing and selling habits and home buyers' design preferences - with major implications for residential developers.
* A massive home sell-off by retiring baby boomers could spur a significant contraction in the home building industry.
* The existing supply of large-lot homes, mostly located in the suburbs, may already be sufficient to meet needs through 2025 in many parts of the nation.
* Recent immigrants will be a significant force in the home buying market.
* Single women will be increasingly active in the home buying market.
* Though those over age 65 buy fewer homes than younger people, the enormous size of the baby boom generation means that senior citizens will be a major home buying group and could very well be a prime market for new construction. (Professional Builder)
Cidalia Mendonca Matukas
781-389-7252
Keller Willaims Realty
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