We’re still using Derby Hill as a marker for pricing in Carmel Valley, and none have closed over $1.5 million this year (though one is pending, listed at $1.529 that sold in five days). Will this one sell? Would it dent the buyer enthusiasm? It’s not a great location, and could get shrugged off. EDIT: Postponed to 8/24/10.
Klinge Realty Group
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Americans are holding on to their homes longer, and that is helping drive house prices to near record highs
The typical homeowner in 2020 had remained in place for 13 years...well ahead of 2010’s reading of 8.7 years
$ITB $XHB $HD $LOW
https://www.wsj.com/articles/housing-market-stays-tight-as-homeowners-stay-put-11611226802?reflink=desktopwebshare_twitter via @WSJ
Extended monthly so it doesn't seem permanent: https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Extends-Foreclosure-and-REO-Eviction-Moratoriums-1192021.aspx
Ending the step-up basis on inherited homes would benefit brokers, as would a $15,000 tax credit proposed by Biden for anyone buying a home after not owning one for three years. President Joe Biden’s real estate checklist https://therealdeal.com/miami/2021/01/20/president-joe-bidens-real-estate-checklist/?utm_medium=social&utm_source=twitter&utm_campaign=single_content_share