Understanding the Influence of Demographics on Real Estate
Real estate is not just about bricks and mortar; it's a reflection of societal trends, economic conditions, and cultural shifts. One significant factor influencing the real estate market is demographics, particularly generational preferences. From baby boomers to millennials and Gen Z, each generation brings unique perspectives, lifestyles, and priorities that shape their housing choices and ultimately impact the real estate landscape. Baby Boomers: The Impact of Aging Population Baby boomers, born between 1946 and 1964, represent a substantial segment of the population whose housing needs are evolving. As they approach retirement or downsize empty nests, many baby boomers seek smaller,…