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...
One key to any potential comeback is having more homes to sell. The weekly counts above are the net effect of new listings minus new pendings. When we have a good week of net new pendings (like we did this week with +13), it means a positive move by the new listings...
March 12th was the day that US stock markets suffered the greatest single-day percentage fall since 1987, and the day after Tom Hanks and Rudy Gobert tested positive - the latter shutting down the NBA season. Let's call it the day that the coronavirus started having a...
From the wsj.com An excerpt: Lenders say there is an untapped market among borrowers with good credit scores like self-employed workers who don’t have proper income documentation, or for responsibly made loans to borrowers with credit problems that have had...
Homes that were foreclosed back in the day have been re-selling - and someone you know just happens to have an extensive video library! The original purchase price for this McMansion in Chula Vista was $1,301,500 in 2007, but got foreclosed 20 months later. The bank...
How many of the long-time owners are selling the family homestead, and downsizing now that the kids are gone? We don't know for sure who falls into that category - people with older kids could have bought a house 5-8 years ago and already be empty-nesters. But a...
I removed the 'Foreclosure' and 'Short Sale' buttons at the top of this website. The distressed market around NSDCC appears to be over, and while there will be some stragglers, there won't be any distressed sellers unless, and until, the banks start up the foreclosure...
In the San Diego-Carlsbad area, 11.4 percent, or 66,899, of all residential properties with a mortgage were in negative equity as of the third quarter 2013, according to CoreLogic. It was a slight improvement from 2Q13, when 13.6% of all mortgaged properties were...
Equity sales, that is sales of non-distressed properties, now constitute two-thirds of all home sales in California, compared to less than one-half only one year ago. A report from the California Association of Realtors® (C.A.R.) puts the share of equity sales in the...
Maggie Medved was stuck with her Phoenix house for two years after the market crash wiped out the equity in the property. Last year, as prices in the area rose by the most in the U.S., she and her partner were finally able to sell the 3-bedroom 1950’s style home and...
