San Joaquin Valley population expected to double by 2060

According to Fresno Bee reporter Kurtis Alexander, the San Joaquin Valley is on the precipice of a population explosion that will increase the region’s population from 4 million residents to over 8 million residents by 2060.

Alexander cites state projections that were released this week in addition to U.S. Census data showing that home ownership rates in the Fresno metro area have actually increased from 55.7% in 2005 to 59.0% in 2012. To read more, visit FresnoBee.com.

How will this population growth affect real estate in Modesto and the rest of the Central Valley? Give us your take in comments.