REAL 1820 Lecture Notes - Lecture 4: Cbre Group, Royal Lepage, Cushman & Wakefield
10 Oct 2018
School
Department
Course
Professor
Document Summary
Real 1820 real estate market analysis residential. What drives demand for housing: population growth, household formation, age / family characteristics, mobility / immigration, lifestyles, etc. Implications: smaller families and more one-person households increased demand for adult-oriented housing: economic climate, employment, industrial growth / decline, changes in mortgage rates, changes in land use / zoning, taxation. Implications: steady employment in sectors like office and retail increased commercial space use (office / retail: unrealistic for 100% homeownership (every family owns a home), therefore there are. What drives the decision to bu10-y or rent? always renters in the market: two types, renters by choice: choose to rent. Ie. working couples without kids, empty nesters: renters by necessity: have to rent. Ie. low income couples with kids, single parents, students, fresh graduates, etc. ) Predicting housing demand: through population and household trending, (population * growth rate) / persons per household = net increase in households per year.
