Gardening Methods

How Demographics Effect Real Estate

Demographics are routinely overlooked when it comes understanding real estate. Here are some things to consider.

As mentioned before on this site, much of the housing boom that occurred, occurred because of demographics and demographic shifts.

• Older babyboomers were scaling down either in size of home or price of home and moving.
• Younger baby-boomers were moving up to have more room for their expanding family.

These two alone caused for a lot of home buying and building. But now they are done…at least for now.

If you are thinking about owing real estate, consider asking yourself these questions:

What are the demographic trends of the future when it comes to housing?

• Baby-boomers moving down and moving out
• Homesteading where multiple generations share the same property
• Immigration: People will continue to immigrate to the U.S. legally and illegally…The population will continue to grow and it will need housing. But how long will it take till all the vacant homes are purchased by increasing population?

Where will large groups of people be moving to?

• Mid-Atlantic and Southern East Coast States: Virginia, North Carolina, South Carolina, Georgia and Florida
• Texas
• Pacific Northwest
• Resort communities that cater to full-time residents

What type of homes will people be interested in buying?

• Smaller
• Homes with land for gardening and farming
• Homes that allow multiple families to live in them
• Homes in more of a rural area, but convenient (45-60 minutes) to amenities and homes in more urban areas. Suburban areas will likely experience and exodus or at least become a less desirable place to live.

What states are pro business?

1. Virginia
2. Utah
3. North Carolina
4. Wyoming
5. South Carolina
6. South Dakota
7. Kansas
8. Georgia
9. Florida
10. Nebraska

*Notice 5 of the Top 10 States For Business are the Mid-Atlantic and Southern east coast states.

Where is business booming or will likely grow?

• Texas
• Virginia
• North Carolina
• Georgia

What states have low income taxes or no sales taxes?

No Income Tax States

• Alaska
• Florida
• Nevada
• South Dakota
• Texas
• Washington
• Wyoming

Tax on only investment/dividend income states

• New Hampshire
• Tennessee

No Sales Tax States

• Alaska
• Delaware
• Montana
• New Hampshire
• Oregon

Check out this article: The Future of Housing Demand: 4 Key Demographic Trends

About the Author

For more information on Christian Economics and Real Estate, please visit The Christian Economic Report at www.ChristianEconomicReport.com.

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