Tuesday, June 29, 2004

More Real Estate

In a post the other day, titled “Real Estate - Bubble, Bust or Boon?," I linked to a few individuals opinions on the real estate market.  Today, while perusing BDMag.com, I came across an article on emerging real estate markets which provides information on minority homeownership trends, and how this information could be utilized as a part of a long term growth strategy for the real estate market.  The article is titled “Emerging Markets: Grow Your Business Well into the Future." An excerpt from the article.

"As measured by the U.S. Census Bureau, today one quarter of the nation’s households are minority households. In the most recent annual study produced by Harvard’s Joint Center of Housing Studies, The State of the Nation’s Housing 2003, housing industry experts estimate that by 2020 that percentage will have climbed to one-third. The study also points out that the leading demographic drivers of growth in minority households are immigrants, the majority of whom are Hispanic. African Americans and Asians are also strongly represented in net household formation projections of 1.4 million per year over the next 15 years."

Posted by John Venlet on 06/29 at 06:58 AM
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