RPP - Demographic Shifts with Chris Porter
Rand Partners Podcast - Demographic Shifts with Chris Porter Chris Porter is the Chief Demographer at John Burns Real Estate Consulting and author of Big Shifts Ahead. Key Information:
β’ 2 major shifts in demographics
β¦ Increase in retirees will grow 38% from 2015-2025 β¦ Younger adults buying their first home later in life
β’ More Renters Now than Ever
β¦ Shift to low maintenance lifestyle β¦
β’ 4-5-6 Rule
β¦ 4 Big Influencers
βͺ Government Policy βͺ Economic Conditions βͺ Technological Advances βͺ Societal Shifts
β¦ 5 Stages of LIfe
βͺ Young Adults βͺ People Forming Families βͺ People Early in Careers βͺ People Later in Careers βͺ Retiring
Β
β¦ 6 Questions the Demographics will Decide to Live
βͺ Who
βͺ Age Group
βͺ What
βͺ Buying or Renting
βͺ Where
βͺ Suburb vs city βͺ Rural vs city
βͺ When
βͺ Urgency to move
βͺ How
βͺ Affordability
βͺ Why
βͺ Moving because of weather βͺ Affordability βͺ Pro business environment
β’ Surban community on the rise
β¦ Surban is a mini downtown in the suburbs β¦ Want more conveniences of downtown without the expenses
Contact Information: https://www.bigshiftsahead.com/ www.realestateconsulting.com