The big boomer sell-off is coming in 2020! Or maybe it’s “the mid to late 2020s”! Whatever! Boomers “are going to be in a real pickle”, and entire real estate markets will collapse! And you can take that to the bank!
TenX, a real estate auction and analytics company, calls the San Francisco real estate market–and, by extension, our own market–unhealthy. With housing demand strong and prices stable or rising in most Silicon Valley neighborhoods, how can this be?
The older you are, the more likely you are to feel a sense of community. But the younger you are, the more likely you are to feel you should be doing more to help the community.
Today’s hot spots for millennials? The usual suspects: San Francisco…San Jose…Seattle…Buffalo.
Certainly it’s challenging for the average person to buy a home in Silicon Valley these days. It’s challenging for even the “tier 1” top 25 percent of Valley earners to buy. But is it more challenging than it’s ever been?
“California continues to deal with limited listing inventory, which is resulting in an increase in buyer interest, attendance to open houses and multiple buyer offers.”
Millennials! Recognize yourself in any of these survey responses?
If you left the market last fall because you thought home prices would keep falling, or because the holidays distracted you–or because you just got discouraged–I understand.