More from Stan on the current real estate demand:
‘Potential Energy’
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Month: October 2015
Overview
When there are so few companies doing any exhaustive research about the market - especially at the local level - realtors will take whatever they can get and pass it along to clients. In this case, that message will be positive. The full presentation here:...
Boomer Auction
A 15-bedroom American mansion with a guitar-shaped driveway has gone up for auction - with a starting bid of $0. Seven Montagel Way will go under the hammer on October 31. The 27-acre property in Shoal Creek, Alabama comes with a horse riding arena and a fitness...
Rents Pushing Higher
Speaking of newcomers, it won't just be outsiders who fuel the future demand. Mortgage rates dipping into the threes make buyers giddy, but today's low rates are just the sweetener. Demand is being driven by the soaring rents. Rich people can choose in or out - I...
Eddie Vedder’s House
Everyone knows that Pearl Jam's Eddie Vedder attended San Dieguito High School in the early 1980s - and is a huge Cubs fan! Have you ever heard the story of how the guys in Pearl Jam got together? It was Jack Irons, the Red Hot Chili Peppers drummer, who helped...
Millennials’ Housing Worries
Millennials will undoubtedly "drive the growth of aggregate housing demand'. But at what price? We've already agreed that the majority of baby boomers will be fine, and age in place. After their demise, the disposition of the house can be debated, but it's really the...
A Million More Should Do It
Some disagree with my idea that, while the majority of baby boomers will be fine, there will be a group that is financially restrained and will need to sell their house. Richard Green is a USC ivory-tower guy, so he obviously knows his stuff. He chimed in on twitter,...
Boomers Survey
This survey is dated 2014, and they should update it every year - or at least until I'm right about having a boomer liquidation sale coming down the pike! This survey asks several different questions, but notice how 20% to 30% of the responses seemed to divulge some...
2016 Real Estate Forecast
The California Association of Realtors published their 2016 Forecast last week, and it's a whopper - 131 pages (scroll down to bottom of page for full report). Here are the highlights: San Diego County prices and sales are positive, which is a healthy sign. The...
Inventory Watch
We had 24% fewer listings hit the market than last week, but one more pending! With mortgage rates back in the threes, buyers are scrambling to see what they can get before the holidays. We've been busier in the last week than it's been all year! Kayla did her first...
