One thing that's contributing to the growth in real estate
market demand is that people are waiting longer to get married
or living on their own for longer, the thirties being the new
twenties so to speak.
People are single much longer and living alone—buying property
for themselves. Sure, this is more common in bigger cities but
also happening to smaller towns across the United States.
So it’s key to look at the increase in the number of
households and not just population totals when analyzing
demand of a region or city. The demand for property or home
ownership is increasing in a number of age brackets, from
those in their thirties to those in the retirement age range,
and both are newer sets of property seekers.
Plus, as people continue to live longer due to improved
health care and scientific breakthroughs, Americans will
continue to live longer.
‘The number of one-person households has been on the
increase worldwide. In 2006, the number of single households
worldwide reached 202.6 million (up from 153.5 million in
1996), accounting for 11.8% of
total households.’
More reasons the demand for property is growing and will
continue to grow in the coming years. There's pent up demand
for housing after the housing crisis, people looking to buy
have been waiting for the right opportunity.
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