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