Contact Us
News

ORANGE COUNTRY: Apartment Market Seeing Permanent Change

ORANGE COUNTRY: Apartment Market Seeing Permanent Change

Zillow chief economist Stan Humphries tells us that conditions bode well for apartment demand in SoCal, thanks to long-term structural changes in the way people live. For-sale housing is also bouncing back, but despite that "demand will continue to fall heavily on the rental side, because a lot of people still have impaired credit, and the Gen Ys are still less than sanguine about buying a place to live," Stan says. (No need to buy when you spend most of your time living in World of Warcraft.) People are also moving out of the doubled-up arrangements with roommates and family members that the recession forced on them. They usually rent their own place before buying.

Related Topics: Gen Ys, Stan Humphries
WASHINGTON DC 05.08.2017

MONTGOMERY COUNTY STATE OF THE MARKET

Featuring an Interview of Marriott CEO Arne Sorenson

Arne Sorenson
Marriott International
Oliver Carr, III
Carr Properties
Bryant Foulger
Foulger-Pratt