Rentals: the future of California real estate?
Rentals are the popular homeownership alternative for young adults.
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Tag: rental vacancies
Low housing vacancies point to future construction; Monthly Statistical Update (May 2017)
Rental vacancies at their lowest; Not enough multi-family construction; Homeowner vacancies dip slightly
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California rents lead the nation – a future at risk
The current preference for rentals follows the destructively retrogressive spike in homeownership during the Millennium Boom. It also follows the shift in demand by Generation Y (Gen Y) as they enter the housing market. As a result, the renter population has swelled.
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Population growth exceeds new housing – by a lot
There isn’t enough new housing to accommodate new residents, and where construction is lagging behind most may surprise you.
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Soaring rents push renters into homeownership — we wish
Escalating rents chip away at future down payments.
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