I’ve seen several housing booms and busts in my life. The biggest boom was the housing bubble in the mid-’00s, and the worst bust followed the bubble. Booms and bust have always been frequent in real estate. My Spidey senses are tingling again, however it isn’t obvious why this time – or what the outcome will be. In general, demographics are very favorable for home buying. In Housing and Demographics: The Next Big Shift , I presented these graphs: Click on graph for larger image. This graph shows the longer term trend for three key age groups: 20 to 29, 25 to 34, and 30 to 39 (the groups……(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
