Millennials are the future of Real Estate and will drive growth starting in 2015
Realtor.com’s chief economist Jonathan Smoke is launching his first annual forecast, and in an industry crowded with analysis and economists throwing around numbers, he’s determined to stand out. The differences between what Smoke is doing and his slew of competitors – as well as his affiliated economists at the National Association of Realtors – comes down to the data he is looking at and what he’s doing with it.
And so here it is, Realtor.com’s first forecast.
1) Millennials will drive household formations