The U-T asked their twelve real estate experts about the effects of Prop 19: Q: Will Prop. 19 substantially increase home inventory in California? Of the local experts, 11 out of 12 said NO, and the justification for the one YES answer could have been just as easily...
The boomer sales spree is inevitable, it's just a matter of when. But if it's a slow methodical process over the next two decades, will we even notice? Let's say the 100,112 homes turn over in the next 25 years (and only 1/3 are inherited by the kids), we'd average...
My friend Ken Perlman at JBREC consults with new-home builders primarily, but these thoughts apply to the resale market too - notably, the 65+ generation growing by 17 million people in the next ten years! With the national housing market surging, active adults have...
Who is selling? The chart below tracks when the home was purchased by the sellers. Today’s numbers are from those sales closed between Aug 21-31 of this year: Year Purchased 12/13/16 4/3/17 6/30/17 12/4/17 2/16/20 9/28/20 0 – 2003 57% 48% 32% 47% 34% 29% 2004 – 2008...
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...
The turnover and upgrading of neighborhoods is commonly called gentrification, and what it means around here is that the affluent buyers (many, if not most, from outside the county) take over the real estate market, one house at a time. Their money does the talking -...
Are you of the age (40+) where you might move one more time? Here are my resources to assist you. Reasons to move again: Be closer to family (primarily to be near the grandkids). Change from two-story to one-story home. Better neighborhood for you. Being closer to...
The final move-out is underway at Picadilly. Olga left for good yesterday, and was greatly assisted by seniormovemasters.com, who provided an invaluable service in helping set up the new home with all of her prized possessions. The Rancho Coastal Humane Society was...
This article is written by a professor at the Wharton School who has a book coming out this week. It appears we have a glut of boomers - will we stay put, or sell the family homestead (once the covid is solved) and explore the world during retirement? Population aging...
Our sale on Picadilly is wrapping up this week. It's the one in Carlsbad where water damage caused the owners to vacate while remediation took place, and then rather reconstructing most of the house, we just sold it as-is. I sold the house to the owners for $179,000...
