Kerry Vandel, finance professor at the University of California-Irvine, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Vandel cited three demographic groups that will heavily influence the real estate industry in the near future: baby boomers, millennials and immigrants.
The United States has “a much larger immigrant pool than we’ve had in the past,” Vandel said.
Vandel noted that those three demographic groups can be broken down further by wealth.
