Real Estate Investors Should Prepare for a Shift in Housing Market
Source: Multi-Family Real Estate Forecast: 2014-2020, Forbes.com
Forbes contributor and economist Bill Conerly believes a major shift from multi-family properties to single-family properties is headed towards the real estate industry with the growing demographic of young renters.
Conerly argues that the housing market will change similarly to the market between the 1970s and 1980s when the population of young adults searching for housing was on the rise after the baby-boom.
He suggests that even with the strength of multi-family properties being so high, once these young apartment renters begin having children, there will be a shift away from apartments and back to single-family homes and real estate investors should be ready.
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