Here in Asheville, home of amazing walkable communities, our real estate team has been tracking the very strong interest in walkable neighborhoods. Whether in Trendy West Asheville, or Charming Lake View Park or close to downtown or in pedestrian-friendly neighborhoods, the demand for person-friendly surroundings is on the rise- in a Big Way!
Recently, as I read Ten things planners need to know about demographics and the future real estate market- from Kaid Benfield’s Blog , I discovered that " contrary to what occurred in previous generations, half of all new housing demand between now and 2040 will be for attached homes, the other half for small-lot homes. The demand for large-lot suburbia, by contrast, is diminishing. "
Benfield refers to the work of Prolific Author and Professor Nelson, who believes that, "although there will be a continuing demand for large-lot housing, that demand will constitute only 25 percent of the market by 2040.
Seventy-five percent will seek either attached or small-lot housing."
Here in Asheville, as Land Brokers, we also are noticing an growing interest in land development in urban and walkable suburban areas. Many of our Post-50 clients are excited about reducing the need to drive or catch a ride to shop. The evolving home may include new green construction in walkable environments and communities.
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