More excitement to stir up next year's selling season! Most landlords can survive a while, but faced with no rental income for months, won't a few long-time landlords say, "Screw it, I'm cashing out and I don't care about paying the taxes!" Evicting the non-payers...
This chart shows the generational changes among non-homeowners about their interest in owning a home. Being interested doesn't mean they are buying, necessarily, but it's a step in the right direction - especially for the millennials, who picked up the largest net...
Bill and I were talking about Prop 19 yesterday, and we both agreed it doesn't seem to have much chance of passing because the California Association of Realtors, the authors of the initiative, haven't been pushing a clear case of why it is important. The C.A.R. has...
The 2021 market is shaping up to be a humdinger! Will ultra-low rates and more inventory cause it to be the Frenzy of All-Time? Or will a surge of home sellers - namely the baby-boomers - bring about a flood of homes for sale that swamp the market? Frenzy, or Glut?...
Did you hear Dr. Fauci last night? It's likely US health officials will know whether a Covid-19 vaccine is safe and effective as early as next month, Fauci said Monday. "I think comfortably around November or December, we'll know whether or not the vaccine is safe and...
I wonder if the rest of America looks at the homes in the bottom half of this photo above and correctly guesses that they are selling in the mid-millions.....Excerpts from article linked at bottom (hat tip Ray!): Would-be home sellers have numerous reasons for staying...
The pandemic is being blamed for people leaving town. I think it's more that Covid-19 is the last straw that is causing people to take the action they would have taken at some point anyway. The 'rona will be gone in 1-18 months - moving is a major life-changing...
The 2021 selling season should be the craziest market in the history of the world. My theory: The covid-19 pandemic has jumbled the usual timing of the elective movers, and we are experiencing a not-natural compression of reasons to move. We will have our Big Three...
Proposition 19 is on the ballot, and the California Association of Realtors wants you to believe that if it passes, there will be a surge of new inventory from seniors finally being able to sell their homes and take their ultra-low property-tax basis with them to a...
With our unemployment rate being higher than it was during the Great Recession, it would be prudent to worry about homeowners defaulting on their mortgages.....except we didn't even make this list: Those who do go into default should find their lenders being very...
