Demographic developments counsel sturdy housing demand over the subsequent decade

We have written extensively about why we anticipate Madison-area dwelling and rental costs to proceed rising for the foreseeable future. However there’s one underlying pattern that we’ve not delved into deeply. That is as a result of many millennials are getting older and getting into their peak homebuying years.

See the graph beneath from the economics weblog. calculated riskIt makes use of U.S. Census Bureau knowledge and projections to indicate the biggest inhabitants teams by 12 months. Because the graph reveals, many Millennials are getting older into their 30s, and it is within the 30 to 39 age vary that most individuals make the soar to homeownership.

Madison already has a house A large and prosperous millennial populationThat is simply another excuse to anticipate sturdy demand and residential worth progress over the subsequent decade.

** The chart is calculated risk Financial weblog **

1619 Monroe Road #1, Madison, WI, 53711