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!
“As the first quarter of 2017 comes to a close, California continues to show an abundance of active buyers throughout its markets while dealing with consistently low inventory. Reasonably priced homes spend minimal days on the market, often having received multiple offers, while overpriced homes are taking longer to sell.”
The parking lots are full, and the freeways have turned into parking lots. Feels like another Silicon Valley boom.
Realtor.com says the San Jose and San Francisco metros were two of the five hottest real estate markets in the U.S in March. I say we’re still hot! hot! hot! in April.
It’s used to be that a house could get by with a high school education, or maybe a few years of college. But these days home buyers demand the problem solving, critical thinking, and technical skills that only a house with a graduate-level education can provide.
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.