Demographic Changes Mean Dramatic Shifts In Demand for California Housing: ULI Report Finds Imbalance Between Consumer Preferences and Existing Stock

WASHINGTON, DC – December 12, 2011 – (RealEstateRama) — Californians’ housing preferences are changing rapidly—outpacing the rate at which the housing stock can be adapted. This will lead to a dramatic mismatch between housing supply and demand that could last through the next two decades, according to a new report released today by the Urban Land Institute (ULI).