Yesterday we wondered if there was a possible threat of a baby-boomer liquidation sale in the coming years, and we had a load of comments - thanks for participating!. Can we get a feel for what's happening now? Here's a check of the 67 NSDCC houses that have sold...
Though we have reverse mortgages available, you can't help but think we'll be enduring a baby-boomer housing liquidation sales event over the next 10-20 years. I think it's already underway, and disguised as those wanting to "downsize and travel a bit". Hat tip to...
We seen the local NSDCC detached-home inventory hovering lately, instead of dropping off as expected. Two other signs, declining sales and SP:LP, make it look like buyers are gaining more control as we head into Halloween week. The number of sales between August 15...
The CEO of Move, Inc has commented on the News Corp purchase, and how Realtor.com can position themselves among Zillow/Trulia: http://www.housingwire.com/articles/31747-exclusive-move-ceo-steve-berkowitz-opens-up-about-news-corp-deal?page=1 Berkowitz told HousingWire...
Owning a house is one of the few ways to try to get ahead. From the Atlantic: Today, the top 0.1 percent of Americans—about 160,000 families, with net assets greater than $20 million—own 22 percent of household wealth, while the share of wealth held by the bottom 90...
The inventory count hasn't dropped much. Last year the number of houses for sale declined 7.2% between September 2 and October 28 as sellers checked out for the holidays. This year it has only dropped 2.6%. With more sellers waiting longer before canceling their...
From our friend Karen at BloombergBusinessweek: http://www.businessweek.com/articles/2014-10-15/chinese-home-buying-binge-transforms-california-suburb-arcadia “Oh, hey! How ya’ doin’?” Raleigh Ornelas hollers, leaning out the window of his spotless white pickup truck....
Folks had something to say about Washington D.C. being the most expensive - Susie wanted to make sure Honolulu was considered, and so did the WSJ.com: http://blogs.wsj.com/economics/2014/10/14/no-washington-dc-is-not-more-expensive-than-new-york-city/ As it happens,...
Zillow is having a two-day bash in Las Vegas for its Premier Agents, and 1,000 of the 60,000 PAs are attending. It will take a miracle for realtor.com to get back in the game now - look at how Zillow is pulling away:...
This 6 br/6 ba, 9,283sf house sold for full price a year ago - $4,900,000:
