One factor that will slow down the exodus is the increased difficulty of moving out of state - it's not easy, or cheap, to buy a home outside of California any more. But fewer people leaving will mean less inventory - and could ramp up the frenzy in 2022. The...
Our local home prices have been rapidly escalating over the last year. First, we ran out of NSDCC houses for sale under $1,000,000, and today there are only 6 for sale priced under $1,100,000! What are the alternatives for those buyers who want to spend less? Buy a...
Prop 19 was sold by the California Association of Realtors as a solution to the low-inventory environment. The intent was to free up seniors over 55 to move anywhere within the state of California, and take their old property-tax basis with them. The C.A.R. said it...
Susie filed this frenzy report on July 8th: I think Boise might have topped out but I'm waiting for September. Summers are usually slow here. But the last one put on the market here, a couple streets over in my Movado subdivision was listed for $949,900 (about...
Hat tip to Rob Dawg who sent in this article that suggests Salinas ranks higher than San Diego and Ventura! I cannot find the 60 metro areas on the luxury list they talk about here so not sure about the overall rankings. Coastal California has seen a surge of interest...
If you are thinking about moving out-of-state, here's another data point to consider: This year, Uncle Sam took his cut of the past year’s earnings on May 17, slightly later than usual due to the COVID-19 pandemic. Many taxpayers are undoubtedly wondering how this...
Ok, ok you don't want to leave America! Here are the 50 best places to live in the USA (hat tip to 'just some guy'): https://www.cbsnews.com/pictures/best-places-live-united-states-america/
Moving to Taiwan might seem like a stretch for some - how about #2 Mexico?
People are curious about where today's buyers are coming from, and while results may vary for each individual neighborhood, we might be able to get a general sense from data like this. Not everyone who is looking is an actual home buyer, and not everyone uses this...
My guess was that we'd have 10% MORE listings this year, as a result of there being a few more reasons to move - covid letting up, Prop 19, forbearance expiration, etc. Instead, we have covid hanging around, Prop 19 has been a dud, and forbearances have been extended...
