Nearly 80% of those homeowners with a mortgage are spending less than 35% of their income on housing costs? That sounds like a solid, secure market. Renters should talk to their parents or grandparents about early distribution of their estate: American homeowners...
Month: November 2019
KRG Insta
Someone noticed yesterday. Denise B. said to Donna, "What's happened to your Instagram?" We have hired a company to produce Instagram content. Kayla used to be in charge, but after she moved to NYC it was left up to me to find a way to create the Instagram posts, and...
Be Near Starbucks and Amazon
The most phallic logo ever! One year after Amazon selected Arlington, Va., as the site of its new HQ2, the impact on the housing market has been pronounced. Massive inventory shortages, sky-high price spikes and a blistering pace of sales are now the norm in the metro...
“Frozen in Place”
We are moving less - is it because we won't, or can't? WASHINGTON — Americans are moving at the lowest rate since the government started keeping track, according to Census Bureau data released on Wednesday, as deep changes in the economy and the housing market...
Under $1M
Here's an example of what you can buy for less than $1,000,000 if you don't mind going a little further out - a remodeled one-story 3,000sf house with pool and privacy:
Leon Russell
What it was like in 1971:
Fewer Price Reductions
Another indicator that the local market is holding up and sellers aren't desperate - an excerpt: Nahjla Wehbe Dipp, a Pacific Sotheby’s International Realty agent, said buyers seem more receptive to not overpricing their homes than a year ago. She said another reason...
Liquidation Event Or Soft Landing?
Ty said yesterday, The thing I think you miss most or maybe overlook is how overleveraged the average person is. I do commercial real estate and routinely have access to small business owners financials. Equity rich in their homes but cash poor with credit card debt...
Mortgage Mess Ahead?
Low mortgage rates and large down payments are how buyers today are able to afford these lofty prices. Wondering where the big money comes from? Some of it could be from cash-out refinances: The article has a couple of other zingers too - excerpts: In recent years,...
When to Buy A Home
When to Buy A Home in San Diego