We were talking with some friends last night about how much financial support is going towards kids, and how it will affect real estate in the future. On one hand, it's the Bank of Mom and Dad, and helping to keep the market afloat when funding home purchases at these...
Is he saying to get off the couch and move? “Since last year, several forces have helped increase the market potential for existing-home sales,” said Fleming. “House-buying power, driven by falling mortgage rates and rising household income, contributed to a gain of...
Twenty percent of Americans is a good-sized group, and with the cost and difficulty of senior care being so high, it is natural for more people to consider multi-generational living. Home sellers who can present their home as multi-gen friendly could really benefit....
More doomer talk at Wolfie's, though he doesn't say much other than some slight skittishness in the Case-Shiller Index equates to home prices going down - click here for 131 comments:...
Hat tip to CB Mark for sending in another article on people leaving California - I added the U.S. Census stats for San Diego County at the bottom: People have long dreamed of moving to California, but increasingly the people in the state are looking to get out....
As boomers grow older, it's inevitable that their housing transitions will affect the real estate market. But it seems spread out enough that the impact will be digested....at least at some price. There will probably be times when a few old homesteads in the same...
For the first time in recent history - and probably the first time ever - the net migration out of California has not been offset by the international inflow. The number of people leaving the state is 3x what it was just 4+ years ago! But the state population is still...
We saw yesterday that fewer NSDCC homes have been coming to market this year, in spite of record pricing. Boomers are reluctant to move for several reasons; aging-in-place, higher mortgage rates, and kids aren't moving out because of affordability: First, the number...
Can we expect young adults to be tomorrow's home buyers? A report from the Urban Institute: The share of young adults ages 25 to 34 living with their parents increased from 11.9 percent in 2000 to 22.0 percent in 2017. This translates to more than 5.6 million...
Diana had a piece on seniors aging in place, and put some numbers on it: With more seniors than ever aging in place and choosing not to sell the family home, an estimated 1.6 million fewer properties are now available in a market already experiencing a critical...
