Millennials are Fueling California’s Real Estate Growth
This is the California real estate update for October 20th and the first in a series of posts that looks at some of the interesting trends, stats, and opportunities in real estate in California and Orange County. The format includes about 3-4 interesting notes and the entire podcast will last about 6o seconds. I am working with professional newscaster Mary West and am grateful for her talent.
Some of the podcasts will be my way of introducing topics that I want to discuss at length. It that case I will expand upon them in a blog post. If I discuss topics that you want to know more about or you have questions please send me an email.
The California Real Estate Update Episode 1
China Buying in Irvine, Millennials love San Diego, and Gen X Buyers have the Power.
The Realtor Association recently reported that China is the country that originates the most searches for property in Irvine. This is good news for Irvine, especially for Millennials and Xer’s who have invested in smart home technologies.
California Real Estate It was recently reported that Millennials are fueling California’s real estate growth. This large segment of the population is looking for affordable prices and strong job markets. Realtor.com® reports that North Park in San Diego is one of the top picks. This is no surprise, this hip neighborhood is full of charming 1920’s bungalows, an easy commute to downtown, and 20 minutes to the beach.
Looking to attract a buyer for your upscale high-priced home? Gen X buyers have the highest median priced homes of all other buyers and they are seeking convenience. This is fabulous news for sellers who are located near large employers with highly skilled workers and convenient commutes.
Thank you for listening and for a transcript, please visit Group1RealEstate.com. This is Mary West with the California Real Estate Update by Group 1 Real Estate.