They calculated that baby boomers provided 4.41 million of the 7.74 million homes for sale in 2019 (57%). Now that younger homeowners are locked into their forever home, it's likely that the percentage of estate sales will rise dramatically - but only because there...
Will there be fewer sales in California due to kids moving into inherited homes? Or could there be more sales, due to the high home values and the difficulty of paying off the other siblings? Hat tip to the WSJ! One of the first things people do when they inherit...
I could not feel more certain about this conclusion:
The doomers will love this article but no mention of heirs living in their inherited family home, instead of selling it - which around here should be a significant group: Millennials are fueling a generational housing bubble that's set to burst over the next decade as...
There are only 88 pending listings today, which means we are unlikely to get up to 100 sales between La Jolla and Carlsbad this month. How radically different is that? Here's how this month will compare to the previous Januarys of interest: NSDCC Detached-Home...
The #1 reason that the real estate market has been in the doldrums over the last few months is because of the inept response from realtors on how to handle it. There hasn't been ANY real guidance or advice coming from NAR and other industry leaders on what to do,...
No surprise that our new listing found a buyer already. The one-story homes with all the extras are probably the most attractive buys in the marketplace, and anyone can sell these - it's just a matter of who can get what price. I had 200+ people attend the open houses...
I had another 80+ people attend my open house on Sunday, and a total of more than 200 people for the weekend. Virtually everyone who came was older, and the overwhelming message was that the buyer pool for one-story homes is large and they are hungry for product. We...
Around the coast, the housing stock is finite - there isn't any more room to build new houses. Whether they knew it or not at the time, everyone has bought their 'forever' home and aging-in-place has become the natural trend. The higher prices and rates have locked...
It's probably true that seniors are leading healthier, longer lives and will prefer to age-in-place - which will keep a limit on the number of homes for sale and temper any downdraft in pricing. What is worse is that the resulting back-up will cause others to stay in...
