Prices dropping in the 'low single digits' doesn't sound like a frozen or desperate market. Their first story is about a guy who is looking at homes in Florida priced at $15 million? That's relevant to the national housing market?...
We noted last week how the jumbo mortgage market is back-pedaling in two ways. Banks stopped funding jumbo loans with 10% down payments, and the program that qualified the self-employed borrowers by using their last 24 monthly bank statements was also terminated. The...
Our reader elbarcosr agreed that it's easy to get page views with everyone sitting at home on the computer anyway these days. Here are today's counts of our Winstanley listing: Zillow: 1,755 YouTube: 1,326 Facebook ad: 1,451 The Facebook ad was responsible for 840 of...
There is no reason to transfer your house to your kids - use a family trust instead. If you need dough, then get a reverse mortgage. Hat tip to just some guy! Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing...
As expected, the COVID-19 news continues to worsen. But escrows in process should have a good chance of closing, as long as buyers are satisfied, and the sales count should be fine for a week or two. Then what? Mike DelPrete offered the following data: The following...
Who is selling? I haven't checked in a while! This chart tracks when the home was purchased by the sellers. Today's numbers are from those sold between Jan 22 and Feb 14 of this year: Year Purchased 6/18/16 12/13/16 4/3/17 6/30/17 12/4/17 2/16/20 0 – 2003 39% 57% 48%...
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
Are you thinking of making one last move? My best advice? Do it while you still can! It is physically, mentally, and emotionally taxing to sell your long-time home - especially sorting through all your stuff/junk and throwing out the family heirlooms once your kids...
The number of people moving is half of what it used to be. The gap between who’s left California by major van lines, and who’s arrived, is now at its widest in 13 years. Every January three major van lines put out data on their state-to-state moving business. Such...
The SP:LP ratio has been very consistent for those selling a home under $2,000,000 - you can expect to get pretty close to your asking price. Above $2,000,000 is a different story. Mortgage rates had averaged 3.99% in 2017. You can see how the lower-end buyers became...
