RPP - Demographic Shifts with Chris Porter

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

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