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Real Estate Trends | Where Is Everybody Going? US Populations Shifts through 2030

Real Estate Trends | Where Is Everybody Going? US Populations Shifts through 2030

Recently we reviewed our predictions for 2014, where we learned that the real estate market is expecting construction of more that 400,000 units per year over the next few years. The question is, where are all these units going to be builit?

We've combined data from the US Census Bureau, the Weldon Cooper Center for Public Service at the University of Virginia and the demographic databases at Proximity One to provide at where renters are going over the next decade or so. Proximity One is a particularly valuable resource for data and analytics enthusiasts who can write their own queries and drill down into projected vacancies by housing type, by time period, by state or even by county.

If you were investing in multifamily real estate today for a long term ROI, where would you put down your money?

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Irreconcilable Differences

It's a sad fact of life that 50% of marriages end in divorce. Combine that fact with these staggering statistics: 67% of second and 74% of third marriages end in divorce. What does this mean for the apartment industry? It means lots of single people looking for new homes. Rather than viewing this as capitalizing on someone else's misery, you should view it as saving the day. They need a home- often quickly. You provide homes and a community of people to support them in this new uncertain time of their lives. By making this big step easier on new divorcees and their children, you look like a super hero. In order to aide this group of transitioning people, you first have to find them, right? Make friends with local divorce attorneys- they can refer their clients to you. Partnering with them the same way you would a locator- they may not live at your community, but they could be rewarded for their referrals. Better yet, if you have attorneys that live onsite, have an honest conversation with them about the benefits of referring their clients. (Tip: understandably, they may not want to refer their clients to live right next to them, so consider offering them rewards for referrals to sister communities to give everyone a little more space.) Be sure to be consistent in your advertising with city employees- especially those in courthouses and the DMV (where people go to change their names). Explain that your intentions are to help......
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