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Nike Air Huarache Run Ultra - Women's

"Banks will lend," he said. "They're willing to lend. It's just that right now we have an issue Nike Huarache Men Black

with limited supply. We need more houses to come to market."

Nike Air Huarache Run Ultra - Women's

The need for more houses is an issue that local economists and Realtors have been discussing regularly in recent months.

with Comfort Real Estate Services in Ventura who works with many first time homebuyers.

High unemployment is another factor affecting housing demand, said Kirk Lesh, an economist at California Lutheran University in Thousand Oaks.

Nike Air Huarache Run Ultra - Women's

Nike Air Huarache Run Ultra - Women's

"Several years ago, we talked about McMansions," Lesh said. "We're not building these large homes anymore. We've already seen that transition. Where will it go from here? I don't know."

"What I've experienced in the last two years is that renters have realized they're paying too much in rent when they can be a homebuyer," he said.

These potential homebuyers face obstacles, however. Ward said a bigger supply of houses is needed.

Nike Air Huarache Run Ultra - Women's

Nike Air Huarache Run Ultra - Women's

Also, couples are waiting longer to have children and don't need yards. They're drawn to in town living that's closer to their jobs so they don't have to commute, Towbes said. Furthermore, the elderly population is growing, and big houses with yards that demand care are less appealing to them.

Nike Air Huarache Run Ultra - Women's

But getting construction financing for apartments is easier than getting it for single family homes, Towbes said. Single family homes are coming back a little, but that market is still struggling with tougher credit standards. He thinks recovery is a few years away.

This month, Mark Schniepp, director of The California Economic Forecast in Santa Barbara, said the population will grow by 30,000 people during the next five years and that growth will require 14,000 more homes.

Meanwhile, construction patterns are changing.

Nike Air Huarache Run Ultra - Women's

Nike Air Huarache Run Ultra - Women's

The lower income people are drifting into the suburbs, he said.

he said.

Urban apartment living becoming popular

"What that does is limits the demand side of housing," he said. Ward, a Realtor Nike Huarache Pink Mens

People no longer go to work for one company for 30 years, take a gold watch and retire, Towbes said. Apartments appeal to this growing number Nike Air Huarache Run Ultra - Women's of people, who want flexibility in their work and don't want to be saddled with a house.

Nike Air Huarache Run Ultra - Women's

Nike Air Huarache Run Ultra - Women's

"I think a lot of people in the workforce don't want to buy a house and miss job opportunities," Nike Huarache Blue And Pink

Wealthier people are no longer avoiding urban areas; they're moving in. That's driving prices up and lower income earners out, said Tony Salazar, a principal with McCormack Baron Salazar, a for profit developer of economically integrated urban neighborhoods and the event's keynote speaker.

Nike Air Huarache Run Ultra - Women's

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