The Real Estate Market is Driven by Four Important Factors
Most people's wealth, and this is particularly true for Americans, is derived in large part from real estate. The Federal Reserve Bank of St. Louis released economic study indicating that 66% of Americans were homeowners as of the first quarter of 2023.1.
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For many investors, the real estate market is an appealing and profitable industry due to its size and scope. Four major variables that impact the real estate market and the range of real estate investments that are accessible are examined in this article.
1. Statistics
The data on age, ethnicity, gender, income, migration trends, and population growth that represent the makeup of a population are known as demographics.
Significant changes in a country's demography can have a long-lasting effect on real ...