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!
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?
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?
Millennials! Recognize yourself in any of these survey responses?