No glut here in Sacramento, not yet anyway. I'm still hoping to move though, so a less restricted market would be a nice change!

http://amp.sacbee.com/news/local/article168126082.html

http://amp.sacbee.com/news/local/article213500389.html

whee we live it started recently being more balanced, in terms of supply and demand. More properties on market, takes longer to sell, etc. At least what I see and read. I see more houses for sale, and I read it's the first time since 2013 or something.

But I understand that's a prognozis for the future chisue is referring to. Couldn't find the article in question, unfortunately.

Glut? In my area properties are up 50% in two months lately, and things that have only moderate fantasy pricing go under contract in a week. Total fantasy may take as long as two to three months before the prices catch up to what they're asking.

Example, sold for $200K in April, back on market this week for $295K, nothing at all done to property since last sale:

https://www.estately.com/FL/College_Park,_Lake_Worth#listing-238-fordham-drive--1

I can see that areas of the country that are losing population may have a glut soon, but so far that unfortunately isn't FL.

ETA We were looking but have decided to wait for the inevitable next crash.

Evidently it's *coming* (statistically) -- not here yet.

I wonder how much inflation will increase the speed of this, along with even faster rising health costs. Limiting tax deductions for 2018 returns will squeeze some.

Do many Boomers own McMansions? IDK.

The San Francisco area has added 500k jobs and issued 60k building permits in the last 5 years.

A recent article in Time re the Obama Building....in an area with 400 vacant lots....$635 monthly rent.

With the current expectations of the younger set it is easier for them to build new than to purchase existing. The glut I am seeing for the future is the current building boom of 55+ apartments rather than houses.

In our neighborhood and surrounding area, old houses with 1/2 -1 acre property have been selling like hot cakes, all were remodeled to McMansions. Some were resold quickly with million plus price tags, no sign of slowing down.

Well, we wont see the 55+ glut anytime soon.

"Based on the United Nations Department of Economic and Social Affairs, Population Division’s projections, we will hit Peak Boomer in 2035, at which point the rapid growth of the aged population slows down."

jn I am thinking about the future. What to do with all of the empty or near empty apartment buildings built for the 55+ set after the boomers are gone and there are fewer 55+ers around. Since many will be tear downs to build to McMansions on there probably will not be that big of a problem. Your 2035 is after all only 17 years away.

Yes, 17 years can fly by.

Theres always rotation. People who built beautiful himes in some parts of the midwest will never get their money back. Will a 1600 square foot ranch in Silicon Valley always appreciate at double digits per year? Who knows.

Demographically, there are more Millenials than Boomers, so that pendulum will swing back in about 40 years!