While the general home-buying news is good – existing home sales are up significantly with more first-time buyers taking the plunge (see ), the San Jose Mercury News reports that the housing crisis in the Bay Area has reached the point where 67 percent of local residents believe it is now tougher to find a place to live and 50 percent would actually welcome higher-density housing in their neighborhoods as a way to help alleviate the problem.
In fact, a full 76 percent of residents want lawmakers and developers to direct their efforts toward the creation of low- and middle-income housing.
As the region continues to grow with a strong economy, the lack of affordable housing – along with the drought – are seen as potential stumbling blocks.
It’s reached the point where 65 percent of residents say they support reductions in fees and regulations for new housing, up from 61 percent a year ago.
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