Demographic & Economic Factors Affecting the Upcoming Home Sales Market
The housing market is responsive to both economic and demographic factors. Since the Recession, economic factors have played the largest role in the Washington region. In upcoming years, however, demographic trends will put new pressures on the housing market. This report examines the both the prior economic and demographic trends and how they affected the recent home sales market, as well as the the major demographic trend that may disrupt the housing market: the retirement, downsizing or migration of the Baby Boomers.
Two summaries are available covering this report:
The Institute would like to thank EYA for its sponsorship of this report.