Chris Porter and Eric Finnigan from John Burns Research discuss how demographics shape the housing market. They cover trends like immigration impacts, changes in housing preferences due to delayed life milestones and COVID-19, and the wealth transfer effect on the housing market.

Chris Porter, an expert from John Burns Research and Consulting, delves into the intricacies of today’s housing market. He reveals why regions like Orange County are seeing inflated prices despite lower mortgage rates. The conversation uncovers how shifting demographics, particularly immigration and declining birth rates, significantly influence housing demand and affordability. Porter also discusses policy proposals for first-time homebuyers and the impact of economic factors on suburban growth and rental dynamics.