Buyers Trending Toward Urban Living Over Next 10 Years

Housing researcher John McIlwain stated "the suburban century is over." He predicts that over the next 10 years economic, demographic and regulatory changes will create a "new normal" real estate environment across the country that focuses on city centers and close-in older neighborhood. As a senior fellow at the Urban Land Institute in Washington, D.C., and author of  “Housing in America: The Next Decade,”  McIlwain predicts that many central cities will experience strong demand for housing, with the strongest markets “in places that provide a vibrant 24/7 lifestyle.”Sounds like Portland! The trend is to be the highest in older baby boomers and millenials, and immigrants are 3 of the 4 main players in real estate, and they will all be aspiring for or forced to live an urban lifestyle. I have seen this in my own experience, buyers of my generation (the millenials) can't imagine living in the 'burbs, or if they do, they want to be close to mass transit to get back into the city on  a weekly basis. I'm excited to see this prediction come true, the most vibrant cities around the world have people actually living downtown, and I think Portland can be one of those.