What a decade! Our median home price - fueled by low rates and the Bank of Mom&Dad - more than doubled the percentage increase in the median household income! Our net migration was fine really - we must have a steady influx of affluent folks: Here's an interesting...
Another chart showing that Americans are light on savings, and retirement is coming. Then consider the graph below - doesn't there have to be more boomer liquidations on the horizon? https://twitter.com/belk_jacob/status/1225472678972116992
From the WSJ - thanks Sergio: As a top Hollywood talent agent for over 40 years, Deborah Miller Lakoff represented big names like William Devane, Ned Beatty, Bob Uecker and Julio Iglesias. For proof, one could just look in her garage. “There was a massive collection...
Homes that are walking distance to excellent schools and/or a retail center (with a Starbucks) will probably do fine - even if they need a little work. Homes out in the boondocks will have more of a struggle. From the UT: In a recent column by the Union-Tribune’s...
As our real estate market wraps up its strongest decade in history, let's looks back at the trends. The government intervened early in the decade by stopping foreclosures and manipulating rates to all-time lows. It resulted in the longest, strongest sellers' market...
This article features our favorite topic today, and they smartly differentiated between areas. I looked up my sales over the last two years and 22% of them involved the last move of the seller (either they had passed away, or close). Excerpts: The big question looming...
Nearly 80% of those homeowners with a mortgage are spending less than 35% of their income on housing costs? That sounds like a solid, secure market. Renters should talk to their parents or grandparents about early distribution of their estate: American homeowners...
We are moving less - is it because we won't, or can't? WASHINGTON — Americans are moving at the lowest rate since the government started keeping track, according to Census Bureau data released on Wednesday, as deep changes in the economy and the housing market...
Ty said yesterday, The thing I think you miss most or maybe overlook is how overleveraged the average person is. I do commercial real estate and routinely have access to small business owners financials. Equity rich in their homes but cash poor with credit card debt...
I went to the annual seat shuffle at Petco Park on Tuesday. It's the event where Padres season-ticket holders can see which seats have become available, and possibly switch to a better location. It reminded me of our local real estate market: The best locations are...
