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Over the horizon, a housing recovery

 
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Default Over the horizon, a housing recovery
Old Jun 23rd, 2008, 08:40 AM   #1 (permalink)

The current housing market is bleak: home prices and sales are plummeting, foreclosure proceedings are skyrocketing and mortgage rates are on the rise.



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Default Re: Over the horizon, a housing recovery
Old Jun 23rd, 2008, 10:16 AM   #2 (permalink)

"Social trends - people getting married later and divorced more often - are making single-person households the fastest growing household type, the study finds. In addition, a long-term net increase in potential home buyers will be driven by demographic factors: the aging of "echo boomers" into adulthood, an increased life expectancy for baby boomers and projected annual immigration of 1.2 million."

So, this means those 1/1 apartments will have a lot of demand. Go figure.
Also, the trend of people moving from McMansions to smaller properties will help apartment buildings (as they are almost maintenance free for the renters).
 
 
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