Demographic trends for the greater United States indicate the Western US is projected to continue to grow faster than any other region in the country. We believe Las Vegas Real Estate will also benefit from this ongoing population shift more than many other cities in the USA based on our lifestyle amenities.

Recent Housing Study from Harvard Univ.

According to an annual state of the nation’s housing from Harvard University’s Joint Center for Housing Studies, once the U.S. emerges from recession, strong demographic trends will restore health to the housing market. The key is “echo boomers,” the 75 million Americans born between 1979 and 1995.

It is estimated there will be 5 million plus “echo boomers” than there were boomers, when they first started increasing housing markets according to Eric Belsky, the Executive Director of the Joint Center. As a result of this demographic group, household growth the next ten years could be somewhere between 12.5 million & 14.8 million, based on this report. And, all of these new and additional households will increase the demand for many new houses!

“There will be 5 million more echo boomers than there were boomers when they first started swelling housing markets,” said Eric Belsky, executive director of the Joint Center. As a result, household growth during the next 10 years should range between 12.5 million and 14.8 million, according to the report. All those new households mean demand for many new housing units. This growth will help to drive Las Vegas Real Estate as we move forward.

Las Vegas Real Estate

We believe the continued “western migration” will in turn help to increase incremental growth in the Las Vegas Real Estate Market; with Las Vegas garnering a larger share of the growth than many other cities in the Western US, based on our lifestyle amenities, weather, pro-business outlook and favorable tax laws, etc.

Filed under: Las Vegas Market