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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

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

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