Young people and retirees are both going to be flocking to apartment buildings in the next few years as they respectively leave the family nest or sell up family homes in the suburbs, according to leading real estate economist Ken Rosen this week. As chairman of University of California at Berkeley’s Fisher Center for Real Estate & Urban Economics and Professor Emeritus at the Haas School of Business, Rosen gave his economic outlook for real estate at this week’s 38th Annual Real Estate & Economics Symposium held in San Francisco.
- Apartments are going to be an excellent investment, with both millennials and retirees finding what they need in this asset class.
- The high-end condominium market is set to become over-heated in certain popular markets.
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