American family and household structures have much greater variety than fifty years ago, and multigenerational living is on the rise.
“The real estate market in Northern California is seeing varying activity depending on the counties, cities, neighborhoods and homes.”
This month I wax nostalgic, then prophetic but not apocalyptic but not euphoric either.
Millennials are feeling pretty good, Gen X-ers not so much, boomers less than you’d expect. Matures? You have to scrape them off the ceiling.
The well-respected Urban Land Institute recently looked at “the role immigrants play in local housing markets”, focusing on five metropolitan areas including the San Francisco metro. How will immigration affect real estate in these areas and influence the type of “housing products” they build? The answers may challenge the orthodoxy on how to solve Silicon Valley’s housing crisis.
The Bay Area has four of the twenty hottest real estate markets nationally, according to realtor.com. Another top-twenty metro is just south of us, and three others are also located in the Northern California region. Or, as some are starting to call it, the Northern California Megaregion.
The popular stereotype of millennials–spendy and impractical–is just that–a stereotype–according to a recent survey of millennial first-time homeowners.