Are People Really Leaving San Francisco For The Suburbs? [Video]

 

Here’s my latest vlog post – I hope you and your family are doing well, staying healthy.

One of the first trends that became evident when quarantines began was the large number of young professionals who had gone home to wait out the virus with their parents. Having left the cities where they work and return to their hometowns, many of these young people may not go back. If the work-from-home situation continues – or if their jobs are eliminated – they might find themselves moving back home for good. This may be one of the factors to my discussion here on this post.

As the quarantine lifts, what are the potential market shifts and migration patterns in the SF Bay Area will we see?

Let me know if you or someone you know is interested in making a change (moving to a bigger home with more office space, multi-generational living, layout changes, bigger garden or fresher outside living at the oceanside.) I’m always here to help you make informed, knowledge-based decisions in the shifting markets!

There is a record nine year high in the number of homes on the market in S.F. as it continues to represent 60% more inventory than at the same time last year and 110% more inventory than in 2015 (according to http://socketsite.com/archives/2020/06/most-homes-on-the-market-in-san-francisco-in-nine-years.html)

Check out this IRS Tax Migration site: https://www.howmoneywalks.com/irs-tax-migration/
If you have any questions or curious to learn about the Santa Clara, Santa Cruz and Monterey Counties, don’t hesitate to call.
Lynne Watanabe MacFarlane, MCDM, SRES Realtor
PFAC Silicon Valley affiliate
Intero | Berkshire Hathaway affiliate
831.346.2743 text/voice
L MacFarlane @ Intero. com
Posted on June 30, 2020 at 3:07 am
Lynne (Watanabe) MacFarlane | Category: Housing Market, Market Report, Mid-Peninsula, MONTEREY COUNTY, SAN MATEO COUNTY, SANTA CLARA COUNTY, Santa Cruz County | Tagged , , , , , , ,

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