The nations largest active generation and largest group of house buyers are millennials. However, according to a other analysis conducted by RENTCafe, the 55+ demographic is the fastest growing segment of the countrys rental population.
Let's see at the stats...
National stats revealed amid 2009 and 2015, renters greater than the age of 55 increased by 28 percent, compared to the 3 percent layer in renters age 34 years or younger.
The bank account with identifies the rising society as highly-educated, empty-nest baby boomers driven by lifestyle changes, consequence of the housing crash, or inability to locate affordable homes to downsize.
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A description by the Harvard Joint middle for Housing Studiesnotes, By 2035, more than one in five people in the united States will be aged 65 and older and one and three households will be headed by someone in that age group. This accrual will growth the demand for affordable, accessible housing that is competently similar to services far-off greater than what current supply can meet.
So what does this strive for for the genuine estate industry? Investors and developers should be diving in now.