ULI – Demographic Changes Mean Dramatic Shifts In Demand for California Housing: ULI Report Finds Imbalance Between Consumer Preferences and Existing Stock

A recent poll of Southern California voters conducted by FM3, a public opinion research firm, confirmed the trend: nearly two thirds of respondents (64 percent) would prefer to live in communities that are pedestrian friendly, rather than in conventional residential communities that require driving to stores and other businesses. Sixty-five percent indicated they would rather live in communities with smaller lots and shorter commute times than in communities with larger houses and longer commutes.

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Source : ULI