Sunday, February 1, 2009
What will the Real Estate market look like in the future?
Wow, talk about intriguing. After reading this article (click here) on the Virginia Housing Development Authority, it really makes me think about what the next "big thing" in real estate will be. With the shift in housing demand demographics from Baby Boomers, then their kids needing larger homes to raise their families to Generation Y (aka Millennials, those born to the baby boomers) demand for smaller, starter style homes should increase. VHDA has published a fair bit of information for first time buyers on their web site (vhda.com), so if you're a first time buyer, check it out!
Labels:
first time home buyer,
future,
generation y,
mcmansions,
millennials,
real estate,
trends,
vhda
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