We’ve said it before that technology is changing the dynamic of every single industry and real estate is not exempt from this trend; but when you really look around trends everywhere are changing. Sometimes we believe things will reverse and return to normal (i.e. inventory will increase after the Super Bowl or when the weather gets better) but so far these trends have not proved true. Today Joe addresses dynamics behind the Bay Area’s housing shortage. Specific topics include:
- Age of owner occupied housing stock (who is holding onto these homes?)
- Why Baby Boomers are staying put
- Possible technology that could help add inventory
- Will the trend of low inventory and ridiculous pricing ever change?
- Growing problems
If you wish to contact Joe Cucchiara email him at Joe@RERadioLive.com, call (408) 838-9060 or simply visit www.RERadioLive.com. We also provide additional information to help you make smart decisions in and around your real estate venture.