Population By The Millions
Rising uncertainty and the volatility of the short-term data multi-family investors normally follow has made the outlook very unpredictable. But the long term metrics should shape your strategies. That is, look to demographic trends and consider how the millennial generation will boost the rental housing market over the next several years. This Demographic trend will influence all types of commercial real estate because there are about 73,000,000 millennials ranging in age from their late 20s to early 40s. The median age of marriage for the millennials is about 29 years old and many of them are in the midst of having children and expanding their family. That’s having a significant impact on the housing market.
