This is a bit of a surprise, but you don't have to be rich to stay put! http://www.ocregister.com/2017/05/07/california-the-state-where-people-dont-move/ IRS data for 2015 shows 207,861 tax filers — a good estimate of households — from other states lived in California...
For those wondering how the market could sustain momentum, consider that twice as many parents are planning to help their children purchase a home than have already contributed. They want to leave a legacy, and besides, you can't take it with you!
A quarter of Californians who are 55 and older haven't moved since the 1970s? Get used to seeing older homes needing a full upgrade coming to market over the next 5-20 years. We are overdue! Save
If we had a surge in cheaper retirement homes, it would help! LINK If you relish your days as a "tourist covered in oil" and smelling shrimp boil, get ready, because the retirement of your dreams awaits. Jimmy Buffett, major domo of song, drink, and Parrotheads, is...
I don't know about the relevance of the others above, but the 60.6% of Americans looking to downsize is a nice idea - and probably where the conversation about market conditions begins. Does anyone HAVE to downsize? Not really - the worst cases are the seniors in a...
This guy saw it like I did - that there would be "the great senior sell-off", but he had more concern that the millennials wouldn't be there to pick up the pieces. He is back-pedaling now on when it will happen - and I think he is just guessing. It will happen when it...
Are you surrendered to buying a home from a down-sizing baby boomer? Be ready for some unique features! When this turns into a sticky substance, the new paint doesn't stick well - I had a case where we were scraping the nicotine off the wall with razor blades!
Who is selling? Here are stats on the 99 NSDCC houses sold between March 1 and March 15th - these are the years when the sellers purchased the home they sold: Year Purchased 12/12/15 3/19/16 6/18/16 12/13/16 4/3/17 0 – 2003 41% 42% 39% 57% 48% 2004 – 2008 23% 29% 24%...
It's happening throughout the county, and probably throughout the country. Everywhere you go, the majority of home sellers are older folks leaving the family homestead, or long-time residence.
Our local home prices have risen so quickly that it feels like we're in 'bubble' conditions again - could the bubble burst this time? The last two times the real estate bubble has popped, it was due to banks having to offload their foreclosed properties for whatever...
