HOW WE GOT HERE, HOW WE ADDRESS IT AND THE DEMOGRAPHIC SHIFTS THAT WILL IMPACT WHAT AND WHERE WE CALL HOME
Ken Rosen, chairman of real estate market research firm Rosen Consulting, was the lead author of the NAR “Housing is Critical Infrastructure” report.
Rosen also is seeing people leave high-cost, high-tax markets for lower cost areas, though the cost of living in a particular area is more than just the house.
It also involves the cost of transportation.
Houses in rural locations may cost less but you need a car for each licensed driver.
Yet, he sees a shift from large population coastal areas (east and west) to Sun Belt and Mountain States.
He noted that San Francisco
lost 10 percent of its population between March and November 2020.
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