The Patch of Land Blog

Learn about all the latest happenings.

Building for the Buyer: A New Perspective for the Housing Market

Generation gaps are as old as time. Demographers like William Strauss, Neil Howe and David Foot brought demographics mainstream with labels such as Generation X and Boomers. Living through different economic conditions and social influences, each generation has evolved to have different expectations and attitudes than their parents before them and homebuilders are taking a note of this.

Not unsurprisingly, what baby boomers want from a house is not the same as what millennials want from their homes (when they begin to buy them).  For example, those born in the 1950’s want family-friendly homes, whereas those born in the 80’s are more likely to rent and live urban. Based on trends in Florida, realestateconsulting.com breaks down the different points that builders are focusing on by decade.

See how Lesley Deutch from John Burns Real Estate Consulting defines each generation and how builders are catering to them.

Read the original article here.

1940 1950 1960 1970 1980

 



If you want to learn more, take a look at some of the most commonly asked questions we receive about real estate crowdfunding on a daily basis and find out why so many people are crowdfunding real estate projects across the country with Patch of Land.
New Call-to-action
If you still want to know how Patch of Land works for professional real estate developers and accredited investors, please visit Patch of Land’s FAQ section and learn more today.

Comments (Please allow 24hours for approval)