Demographic changes can have significant impacts on the multifamily property market. For instance, if a large number of millennials move into homeownership, the demand for multifamily properties may decrease. However, if affordability issues persist, the demand for such properties may remain sufficient. Additionally, changes in population size in certain areas can also affect the market. For example, if a metro area's population decreases, the demand for multifamily properties in that area may also decrease. Conversely, if the population increases, the demand may increase. Therefore, investors and developers should consider these demographic changes when making investment decisions.
Real estate can be a great addition to an investment portfolio. But as with any investment, it has t...
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