Greetings Sybarite,
I located a reference from John Burns Real Estate Consulting in
Irvine, California, that may be of some assistance regarding what
appears to be the Irvine market. Without you providing the city/zip,
(even though you'd like a database of that) it may be more difficult
for a Researcher to find the specific city/town statistics you seek.
"With 4.6 million more U.S. residents aged in their 30's than in their
20's, and 5.2 million more U.S. residents aged in their 40's than in
their 20's, the demand for apartments by traditional renters (those
aged in their 20's) is less than it was 10 years ago or even 20 years
ago. This is why apartment construction is so low and apartment
developers are primarily building luxury apartments targeted at older
renters who prefer the flexibility of renting. With a significant rise
in the pool of traditional owners, and a significant decline in the
pool of traditional renters, it makes sense that home prices are
appreciating while rental rates are not. This demographic shift will
remain in place for many more years."
http://www.realestateconsulting.com/usanalysis/usanalysis200211.html
Best regards,
journalist-ga |