Bay Area residents express housing optimism despite confidence

Millennials are the least confident demographic when it comes to affordability
  • Housing affordability and options appear of most concern in Santa Clara County
  • Considering the Bay Area's home prices, a lack of confidence amongst millenials is expected
  • Three of four residents with plans to move intend to buy.

Housing affordability is understandably a concern amongst greater Bay Area residents with plans to move; however, the majority intend to buy. According to an Urban Land Institute (ULI) survey, 78 percent of Bay Area residents that move in the next five years expect to purchase rather than rent.