San Diego Housing Market News and Analysis
Shiller: The Suburbs are not coming back!
User Forum Topic
Submitted by paramount on March 27, 2012 - 6:05pm
Well, maybe...but this doesn't sound good for Temecula type exurbs.
As economists and housing insiders continue to analyze every grain of housing data, most would agree that housing will continue to drag down the overall economic recovery in the near future. Many young people are choosing to live at home for a longer period of time instead of buying. Moreover, would-be homebuyers are settling into modern apartments and condominiums, further hindering a housing rally. Shiller says the shift toward renting and city living could mean "that we will never in our lifetime see a rebound in these prices in the suburbs."
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