Q: Gerald, what real estate opportunities should I be looking out for this year. Caleb, Scotch Plains, NJ A: Great question, Caleb. Let’s take a quick look at some demographic trends. Millennials (generally considered to be people ages 18-35) have recently overtaken Baby Boomers (people of ages 51-69) in sheer numbers. America’s population of people aged 90-and-older has almost tripled since 1980. One new trend is that older households and younger households are competing for housing in many of the same real estate markets. Many millennials still do not have sufficient income and established credit to buy real estate which is why multi-family housing is still a very strong real estate opportunity in 2017. Multi-family housing can satisfy both Millennials […]
continue readingWomen are the primary borrowers on a third of millennial mortgages.
continue readingA modern, updated kitchen topped the list of ideal home features in a recent survey of millennials, registering as most important to more than a third of respondents.
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