Another study that shows lower-income people leaving California, and rich people moving in. But what's not examined is whether those leaving were long-time homeowners who sold their home and took a truckload of money with them to Texas:...
Will the day come when boomers need to sell their house to survive? The reverse mortgages have offered a solution for some, but they are expensive and loan limits have been cut back recently. The general real estate market may not feel the impact of boomers running...
In September, I touched on the Big Stagnation: https://www.bubbleinfo.com/2017/09/02/the-big-stagnation/ Just talking about the GOP tax changes could slow down the market. Because the N.A.R. and others are suggesting publicly that home values could drop 5% to...
These responses point to a massive downsizing trend! From realtor.com: LINK It's all about millennials these days. Everything seems to center around these special snowflakes. But what about the original "me" generation? We're talking about baby boomers, of course....
Coming to a neighborhood near you....some day! From cnbc.com: LINK Jeff Swaney is worried about selling his 5,600-square-foot home one day. In his neighborhood south of Atlanta, demand and prices for large ranch houses like his have declined over the last decade, as...
A surge in the 65+ population will probably prolong the market conditions we've seen lately - those are the people who got in first, and are probably settled enough that they won't be moving. But those who are relying on pensions might get a surprise, and it would...
Hat tip to daytrip for sending this in! LINK An excerpt: People 55 and older own 53 percent of U.S. owner-occupied houses, the biggest share since the government started collecting data in 1900, according to real estate website Trulia. That’s up from 43 percent a...
The real estate market in our neighboring Orange County has performed much like San Diego's. Here, Jon outlines the 12 differences between the bubble days of 2007, and now: http://www.ocregister.com/2017/08/06/orange-countys-housing-bubble-10-years-later/ These stats...
Will we see boomer liquidation sales, where baby-boomers sell their home because they and/or their family need the money to live? There isn't any conclusive research, just speculation. See bottom left though - how many people are getting by on social security, and...
Daytrip sent in this article (link below) on baby boomer sales, and how the transfer of homes from parents to children are likely to dampen the supply of homes for sale - and somewhat limit the property-tax receipts: LATimes.com But then I went to the actual report...
