Long-term childbirth decline will change real estate
Source: http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=5&id=357853
WASHINGTON – The U.S. fertility rate has dropped to the lowest level on record, and with fewer households having children, consumers’ real estate needs are changing.
In 2015, slightly more than 70 percent of households had no children living at home, a three-percentage-point increase from 2011, according to the Census Bureau’s American Housing Survey. Broken out by age group, those ages 25 to 29 and 35 to 44 who didn’t have children in their household rose by more than 5 percent in that time period, the survey shows. The number of 30- to 34-year-olds without children increased by 4 percent.
The trend in people delaying marriage and having fewer children stands to have an impact on housing over the long term, says Lawrence Yun, chief economist for the National Association of Realtors® (NAR). “The fact that we’re having smaller-size families, I think, naturally means the demand for smaller-size housing would get greater interest than before.”
Robert Dietz, chief economist for the National Association of Home Builders, told the Post that, in general, home buyers tend to seek properties that offer 800 square feet of space per person in the household. About 90 percent of buyers with children younger than 18 purchased a detached single-family house, according to NAR’s 2016 Profile of Home Buyers and Sellers. However, 79 percent of buyers without children also purchased such a property. Childless buyers tend to gravitate toward urban areas and prefer townhouses and condos, according to NAR’s report.
“We’re seeing this trend in many metro markets, so clearly there is a consumer desire and preference for wanting to move closer to the city,” Yun says. “That’s generally associated also with smaller-sized homes because those big McMansions that are being built are typically out in the more distant suburbs where the land is plentiful.”
Further, buyers without children say friends, family, shopping, and entertainment influence their neighborhood choices the most, according to NAR.
Dietz says that while single-family housing starts are growing, they are lower than expected, partially because of household formations. Changing demographics will have an influence on what builders build, he says.
There is insomnia, tremors, palpitations, unrest tadalafil cialis india and rapid shifts of mood. So, Rita one http://djpaulkom.tv/meet-da-mafia-6ix-get-your-v-i-6ix-mixer-meet-greet-tickets-now/ purchase cialis day tried to have sex with Micheal, but he declined. To have some sexual activity, your penis needs to be toned just like price of sildenafil other organs of your body. Usually, marital problems typically come up because of a good leader is in how they communicate. buy super cialis “In certain markets where you’re going to have an increase in the number of childless households, that does mean that maybe townhouse construction is a greater option than, say, 3,000-square-foot single-family detached homes.”
About Empire Appraisal Group, Inc.
Establish in 2005, Empire Appraisal Group, Inc., is Broward County’s leading residential appraisal company as a result of their accurate and reliable appraisals, excellent customer service, and quick turn times. When working with an appraiser, integrity and professionalism are essential, and Empire Appraisal Group has a well-established reputation for providing the best appraisal experience. Daniel Lindeman, the Chief Appraiser, is considered one of the top property appraisers in Florida, with nearly 15 years of expertise and 7,000+ appraisals to his credit.
We ‘specialize’ in helping people who need appraisals for estate purposes, divorce, bankruptcy, FSBO’s and more.
We also work closely with realtors to help establish listing prices, these pre-listing appraisals ensures sellers get top dollar for their home.
In addition, to homes of all shapes and sizes, we also appraise condos, multifamily homes, boat docks, land, as well as specialty properties. No job is too big or too small, from manufactured homes to mansions.
Call Empire Appraisal Group directly with any questions concerning your real estate values at 561-441-9298. Also, check out our ‘Reviews’ page and see what others are saying about Daniel Lindeman and Empire Appraisal Group, Inc.
We provide residential appraisal services to all cities in Broward County: Parkland, Coral Springs, Coconut Creek, Dania Beach, Cooper City, Davie, Deerfield Beach, Fort Lauderdale, Sunrise, Hallandale Beach, Hillsboro Beach, Hollywood, Lauderdale by the Sea, Lauderdale Lakes, Lauderhill, Lighthouse Point, Margate, Miramar, North Lauderdale, Oakland Park, Pembroke Pines, Plantation, Pompano Beach, Sea Ranch Lakes, Tamarac, Weston, Wilton Manors.