My Reasons Why NSDCC Inventory Will Surge in 2025:
1. Been trending that way – there has been 15% more NSDCC homes for sale this year than in 2023.
2. Since October 1st, there have been 90 more listings that cancelled than last year. They’ll be back!
3. Prop 19 was fun while it lasted – more of those who inherited a home will want to cash out.
4. Credit card debt is over $1 trillion for the first time. More current homeowners will lighten the load by paying off all their bills and downsize to cheaper home (probably out of state).
5. The affluent fleeing the country – if you have nothing tying you down here, then there are other choices.
6. The 5th anniversary of Covid is a few months away. Those who put off moving can go ahead now!
7. California politics drives people away. Gav’s $25 million to fight Trump? Might be the last straw for some.
8. I don’t have the statistics but more baby boomers should be shuffling off this mortal coil.
9. We’re all older – if you’re going to move, do it while you still can, physically!
“Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” said Skylar Olsen, Zillow chief economist. “More inventory should shake loose in 2025, giving buyers a bit more room to breathe.”
https://www.zillow.com/learn/housing-market-predictions/
It’s going to feel like another frenzy in the first couple of months of 2025 – join in, won’t you! 😆
Since 2020, 176 billionaires have moved to another country, representing over $400 billion in wealth.
While the wealthy have often moved across borders, billionaire migration has accelerated dramatically since the pandemic as geopolitical conflicts increased and billionaire families became more global. Many move for better work-life balance, or climates or retirement.