The future of real estate looks bright. The long-term outlook for the housing market is very promising, thanks to the presence of the Echo Boomers --- the children of the Baby Boomers. The sheer size of this generation now reaching adulthood, combined with the increasing life expectancy of past generations, should keep household growth on track in the United States. Over time, the pent-up demand for housing and today's low levels of home building are expected to reduce the vacancy inventory, bringing housing markets into balance.
Built to last
Stemming from the most basic human need for shelter, the real estate industry is fundamentally built to last. The state of the housing market is impacted by many factors including mortgage rates and the volatility of other investment options. However, it is the limited supply along with the growing population that drives the need for housing.
The next surge in demand will be stimulated when Echo Boomers join the Baby Boom generation as active participants in the housing industry, reinvigorating the real estate market with opportunity and validating the purchase of a home as a lucrative investment.
Built to last
Stemming from the most basic human need for shelter, the real estate industry is fundamentally built to last. The state of the housing market is impacted by many factors including mortgage rates and the volatility of other investment options. However, it is the limited supply along with the growing population that drives the need for housing.
The next surge in demand will be stimulated when Echo Boomers join the Baby Boom generation as active participants in the housing industry, reinvigorating the real estate market with opportunity and validating the purchase of a home as a lucrative investment.
