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