In what it projects would be one of the strongest housing markets in U.S. history, the Mortgage Bankers Association (MBA) expects between 13.9 million and 15.9 million of additional households will be formed by 2024.
San Francisco and Silicon Valley aren’t just churning out jobs and billionaires these days—America’s tech center is also producing what is arguably the nation’s worst housing shortage. The average monthly apartment rent in greater San Francisco is $2,802, second highest among the nation's 50 biggest metropolitan areas. But what really makes [...]
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