Ryan was nice enough to provide the latest data (2019) from the U.S. Census Bureau on where Californians are moving, and where our new residents are coming from - at least before the pandemic. The big winners on a net basis: More Californians moved there: Texas: ...
Thinking of Selling?
Will Prop 19 Increase Inventory?
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...
Wildfire Risk
We featured this website previously, but as more people think about moving to the sticks, let's note the counties with the highest wildfire risk.....I didn't expect VenCo to rank so high! https://climatecheck.com/
Political Exodus
Anyone surprised to hear there are agents soliciting consumers based on their political beliefs? At first, Stephanie Morris was nervous about leaving Modesto. She’d lived in the Central Valley her whole life, but her family couldn’t keep paying $850-a-month for her...
More Frenzy Fuel
San Diego didn't make the NAR list of vacation-home areas (counties where 20% of the housing stock is for seasonal use), but our market should be enjoying some additional second-home purchases: Vacation home sales are outperforming total existing-home sales. Sales of...
2021 Moving Survey Results 2
There was additional distribution of my moving survey after the previous report last week. Of the 2,872 visitors who have looked at the survey, 130 (or about 5%), at least answered a question, which is typical. Here are the final results: Q1. I liked that 28% of the...
Bad Neighbors and Selling Your Home
Bad neighbors aren't just annoying. They can cost you real money when it's time to sell your home. A nearby property's overgrown yard, peeling paint and clutter can easily knock 5% to 10% off the sale price of your home, said Joe Magdziarz, the president of the...
2021 Frenzy Preview
While the 2020 is winding down and we look forward to next year, I'll occasionally repost the unique factors that will have impact on the 2021 selling season. Let me know of any others: Ultra-Low Mortgage Rates - Rates around 3% are expected to continue through 2021,...
2021 Moving Survey
Let's get some intel on how people feel about moving next year! Take this survey, and when completed, you can share it on social media. I'll publish the results on Tuesday:
Underprivileged Get Foreclosure Privilege
Another story demonstrating how free enterprise is being squeezed: California is taking steps to avoid a repeat of the conversion of thousands of single-family homes from ownership to rental properties as occurred during the Great Recession. In late September, the...