We know there are millions of people thinking about downsizing, due to costs, maintenance, and their health. But the real estate market provides few quality turn-key solutions. It makes sense to encourage homeowners to add a granny flat! From the latimes.com: To...
Finally some real evidence on how the Bank of Mom and Dad has been influencing the real estate market - see the bold print: http://www.freddiemac.com/finance/report/20160608_55ers_significant_impact_housing_market.html With 55+ homeowners controlling almost two-thirds...
Lakeside isn't far - it is centrally-located in San Diego County, and is a straight shot down the 52 and 67 from La Jolla. It might be a reasonable compromise for those multi-gen buyers who would treasure two houses on a quarter-acre lot with citrus and avocado...
Worried we might run out of buyers? Plenty are waiting in the wings - and working with their parents to achieve! Current renters value homeownership and want to buy a home but many are encountering affordability and financial obstacles that prevent them from buying,...
A good article that examines how baby boomers and millennials are competing for their housing needs - read the last two paragraphs below: In South Carolina, baby boomers elbowed out entry-level buyers to snap up single-story floor plans at Riverwalk, a bike-friendly,...
It's not easy to downsize, especially into a decent one-story house - there aren't enough one-story owners who want to sell! But there are some good opportunities if you are willing to leave the coast. Sell your coastal big bombers and go inland just far enough that...
Baby boomers have all the money, and are downsizing everywhere - who are the buyers of the future? People who inherit or get gifts from baby boomers. From HW: http://www.housingwire.com/articles/37391-freddie-mac-what-baby-boomers-want-in-their-next-home Many Baby...
The first posting in this series was on December 12 – let’s check in occasionally to see how long recent sellers owned their home before they sold it. Here is the third review of the NSDCC detached-home sales - these are sales that have closed so far in June, 2016:...
Richard and I were discussing the phenomenon of houses selling for prices that are well-above comps - and how they almost always end up being all-cash sales. Back in the day, the cash buyers always demanded the best deals - figuring that because they were paying cash,...
From our friends at John Burns Real Estate Consulting: http://realestateconsulting.com/the-retiree-surge-is-here/ Only 10 years ago, 2.2 million people were turning 65 each year. That number has surged to 3.5 million this year and will grow to 4.2 million in 2025!...
