American family and household structures have much greater variety than fifty years ago, and multigenerational living is on the rise.
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 popular stereotype of millennials–spendy and impractical–is just that–a stereotype–according to a recent survey of millennial first-time homeowners.
As part of the on-going boomer conspiracy to dodge responsibility for everything wrong with the world, The Wall Street Journal contends that the country’s housing shortage is due, at least in part, to “the rush of young people to U.S. cities over the past few years”. “As young people and builders have shifted their focus toward trendier urban markets,” the Journal reports, “overall housing construction has declined”.
The California Association of REALTORS makes a compelling case that boomers still matter.
Ranch-style home, or socialist worker housing? Big back yard, or a tiny deck with a sweeping view of your neighbor’s tiny deck? A 2017 kitchen, or a 1955 kitchen?
Millennials are forming new households at a significantly faster pace, reports Fannie Mae, which “bodes well for housing demand”.