Who is selling? This is the fourth reading - this time I checked the last 112 detached-home sales between La Jolla and Carlsbad. Here are the categories of when the sellers purchased the home they sold: Year Purchased 12/12/15 3/19/16 6/18/16 12/13/16 0 – 2003 41% 42%...
OK, OK, Jim, it does sound like a good time to us to sell and move. But where would we go???? Check out my lists of ideas here (also found in right-hand column): https://www.bubbleinfo.com/general-information/where-to-move/ P.S. Never put a bandstand on the infield!...
The low-inventory conditions have several contributing factors, one of which is the Prop 13 cap on property taxes. The long-time owners sure don't want to pay what would be much-higher taxes if they move up, thus the turnover has slowed considerably: Moving down,...
Our local market has been solid as a rock, and we know that banks have quit foreclosing. Could we ever have another distress sale - a seller who doesn't hold out for their price, but instead takes less in order to cash-out and go? Can we predict who might take a...
The Baby Boomer generation began in 1946, after World War II. Those born prior to 1946 are now at least 70 years old, and hopefully well off. I'm not expecting the Matures to have any need for liquidation. Their houses were paid off long ago, and though their income...
The baby boomers who are comfortably on their way out will ignore my rantings about the potential for boomer liquidation sales. My concern isn't because some boomers are over-encumbered, it's because they are encumbered enough that the debt will force them to make...
The author calls for a better look at how baby boomers impact the housing market, which is great. Talk to realtors who work the street - we are the ones who have the direct one-on-one contact with buyers and sellers....
The CAR has been publishing goodies for realtors to use on their blogs - you may have seen them? The part in the red circle is what I'd like to address. My biggest concern coming down the pike is boomer liquidations. The above graphic isn't boomers only, but they...
We know there are millions of people thinking about downsizing, due to costs, maintenance, and their health. But the real estate market provides few quality turn-key solutions. It makes sense to encourage homeowners to add a granny flat! From the latimes.com: To...
Finally some real evidence on how the Bank of Mom and Dad has been influencing the real estate market - see the bold print: http://www.freddiemac.com/finance/report/20160608_55ers_significant_impact_housing_market.html With 55+ homeowners controlling almost two-thirds...
