HOW WE GOT HERE, HOW WE ADDRESS IT AND THE DEMOGRAPHIC SHIFTS THAT WILL IMPACT WHAT AND WHERE WE CALL HOME
Arthur C. Nelson, professor of planning & real estate development at the University of Arizona, said a trend linked to the pandemic is that new homebuyers want more out of their communities — such as walkability, convenient transit and places for social interaction.
He said many suburbs have done a good job of putting in sidewalks and creating complete streets, so they are competitive with urban areas.
This
means people can stay in the same metro area, but trade a smaller expensive
attached unit in the center for more room at a lower cost on the fringe of the
core city.
Nelson said despite the desire to
age-in-place, many baby boomers will want to unload large houses that they can
no longer maintain — to become renters in smaller, more efficient units.
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