A New Geography analysis of 2010 U.S. Census data reveals that Americans prefer less dense suburban areas to crowded major cities. According to this report, 9% of population growth occurred in metropolitan areas with more than one million people during the 2000s, down from 15% growth in these areas during the 1990s. All remaining growth [...]
Part II of this article series delves into specific age and education data to complete a portrait of some of California’s largest and most dynamic counties.
Part I of this article series digests information on education, income, and age in California’s largest counties and discusses how brokers and agents can use localized data to perfect their expertise in real estate transactions.
Homeownership continues to play a prominent role in the lives of retirees, according to the Census Bureau. Data recorded in their American Housing Survey showed one third of homeowners 65 and up had a mortgage in 2009. Households of those aged 65 and over make up the largest portion of homeowners in the United States. [...]
The Baby Boomer generation will soon begin retiring en masse, bringing about a radical change in California real estate transactions. This article explores the repercussions of that great demographic shift. Chart last updated 3/13/11 Chart last updated 7/10/11 Data courtesy of the US Census Bureau The two charts above track homeownership by age in the [...]
Part II of the series focuses on profitable ways to pair innovative start-ups founded by prime-age workers with owners of vacant nonresidential property, the effect of Boomers’ delayed retirement on real estate transactions, and prognosticates the Great Confluence of Generation Y and Boomers in California’s urban core.
Part I of this article series focuses on the innate potential of Generation Y to single-handedly invigorate the real estate market this decade.
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