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
