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...
Everything about the real estate market favors those who got in years ago (location, zoning, traffic, property taxes, etc.). Today's desperate search for reasonably-priced housing is futile at best, and invites table-tilting by all involved. The rich get richer! Hat...
