One of the main reasons that the real estate market could levitate at these price points is the monumental wealth transfer between baby boomers and their kids. A major tax advantage is closing out at the end of 2025, and those with a healthy portfolio will be letting...
As the real estate market continues to 'normalize' and we get used to a perpetually low-inventory environment, these are factors that will greet the players in 2024: The NSDCC median list price today is $4,250,000, the highest ever. There are 19 homes for sale under...
Traditional real estate being manipulated by billionaires. Hat tip to Anna for sending this in! The digital renderings of North Bayshore, a massive proposed development in Mountain View, California, are crowded with glistening buildings and cheerful, animated...
This is what a surge in listings looks like. We won't see a hundred new listings hit the market in one day....it will be two here, three there, four over here, etc. and pretty soon the buyers will think about stepping back to see where it might go.
If rates can slip into the high-5s by next month, the early-2024 market will be on fire.... Survey-based rate indices haven't yet had time to account for the massive drop in mortgage rates this week, but rest assured, it was special. That's no surprise if you saw our...
How about retiring to a location outside of the USA? https://finance.yahoo.com/news/4-places-retire-just-us-170042837.html
The big difference between last year and now is that the 2023 pricing has been on a slow steady climb, instead of the tumult caused last year by the sudden upward shift in mortgage rates. San Diego is leading all the higher-end luxury markets for YTD pricing! Another...
This may be the only time we ever tour a house at this price point! The highest-priced La Jolla residential sale ever was $24,700,000 (8466 El Paseo Grande) in 2020. Now there are three for sale in the $30,000,000s!
Yesterday, Jay Powell shocked the world by declaring three rate cuts in 2024! It was Fed speak of the most unusual order - open and transparent, instead of the opaque mumbling of previous chairmen. The predictions are for rate cuts early in 2024 too. The CNBC survey...
About 50 years ago, a quartet of L.A. session musicians became so synonymous with the era-defining soft-rock scene — headlined by James Taylor, Carole King, Jackson Browne, Linda Ronstadt, Crosby, Stills & Nash and Fleetwood Mac among others — that they were...
