GREETINGS! THIS IS A TALE OF TWO GENERATIONS…..
Schools will be out soon for the summer, and we will begin to see a new set of families out looking for homes, trying to get themselves settled before the next school year begins. Homes placed on the market between June and August will be very attractive to these buyers.
There is a specific group of buyers in the 18 – 34 age bracket, known as The Millenials. These young adults are producing one of the biggest waves of home purchases in recent history. Many of those are buyers who have become very unhappy with rental prices in the Valley, and some are now at the point where they have young families, need more space, and are determined to have their own home.
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NEWS YOU CAN USE:
First, a re-print of a section of Supervisor Ken Yaeger’s newsletter this month, regarding CalTrain:
CALTRAIN ADDS EXTRA CARS ON MAY 11
In my 14 years as a member of the Caltrain Board of Directors, I have always strived to maximize ridership while ensuring that passengers have a safe, comfortable ride. Caltrain is now more popular than ever, with more than 61,000 average weekday riders during the peak season. In response to this growing demand, Caltrain is adding an extra car to all Bombardier train sets currently in operation beginning Monday, May 11.
Caltrain has experienced significant increases in monthly ridership over the past four years, putting pressure on the available capacity of its train sets. In response to overcrowding on many of its peak hour trains, the Caltrain Board voted to purchase 16 used rail cars earlier this year. After four of those cars were put into service for testing, the remaining twelve will be deployed on Monday.
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And finally:
The housing inventory for single family homes in Santa Clara County in March 2015:
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