My acquaintance Lawrence Yun posted some stats about the next two years a while ago. I’ve updated those stats below. An interesting way to think about the next 24 months:
Think about it:
- New Beginnings:
- Births: Approximately 3.6 million per year
- Marriages: Around 3 million per year
- Life’s Transitions:
- Divorces: About 1.5 million per year
- Aging Population: 19,000 people turn 65 every day
- Deaths: Approximately 2.8 million per year
- Economic Dynamics:
- Job Growth: Potential for 4 million new jobs
- Job Mobility: Over 25 million job switches
These demographic and economic trends will likely drive the following real estate shifts:
- Increased demand for family homes from new parents and growing families.
- Potential demand for smaller homes or rental properties as older adults downsize.
- Increased demand for senior living facilities and healthcare services.
- Job mobility and economic shifts will continue to influence housing demand.
What are your thoughts on how these trends will impact the real estate market in your specific region?
