RCLCO Real Estate Consulting reposted this
Single Family thought for the week comes from Todd LaRue and the team at RCLCO Real Estate Consulting. From 1970-2010, average age of first time home buyers slowly rose from ~29 years of age to ~33 years. In the past few years, it has jumped considerably [by historical standards] to 35 years of age. Increased ownership costs - higher mortgage rates and limited supply being primary culprits - are driving much of this phenomenon along with later family formation. Many seeking a single family home lifestyle are now treating #SFR and #BTR as the new 'Starter Home'. JLL Capital Markets at JLL #singlefamilyrental #buildtorent #SFR #BTR
Build-to-Rent Housing Leader | Community Builder | Storyteller Using Strategic Data | Life-Long Learner
3wJohn Burns Research and Consulting has observed that households are postponing milestones such as moving out, getting married, and having children, which will consequently delay first-time homeownership.