This should happen more often: HOUSTON (FOX 26) - How often do you see your siblings and your extended family. One Houston man says most relatives don't spend enough time together so do you know what he did? The story behind this mansion is just about as stunning as...
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...
Who is selling? The last column below is regarding the 99 NSDCC houses sold between June 13-22 – these are the years when the sellers purchased the home they sold: Year Purchased 12/12/15 3/19/16 6/18/16 12/13/16 4/3/17 6/30/17 0 – 2003 41% 42% 39% 57% 48% 32% 2004 –...
The N.A.R. Chief Economist Lawrence Yun was befuddled in his previous press release, and now this: “Home prices keep chugging along at a pace that is not sustainable in the long run,” Yun said. “Current demand levels indicate sales should be stronger, but it’s clear...
In its July 13, 1953 issue Life magazine ran one of many photo essays on the city of Los Angeles. This one focused on the immense population and development growth the city and surrounding area encountered in the late ’40s and early ’50s. Here then is a gallery of the...
A great article from realtor.com. Excerpts: As baby boomers look to downsize out of their suburban McMansions, a generational showdown is looming: Millennials might be coming into their own as the nation's biggest group of first-time home buyers, but they aren't...
Could this be one of the growing trends that might add more reasonably-priced homes to our inventory? Thanks Daytrip for sending in! http://www.charlotteobserver.com/news/nation-world/world/article154209369.html To casual visitors, this colonial town in southern...
Will the boomers be exiting at or about the same time? LINK Millennials aren't buying homes in the same numbers as previous and older generations, but it's not because they don't want to. The vast majority of millennials do indeed aim to buy someday, or would even...
This is a bit of a surprise, but you don't have to be rich to stay put! http://www.ocregister.com/2017/05/07/california-the-state-where-people-dont-move/ IRS data for 2015 shows 207,861 tax filers — a good estimate of households — from other states lived in California...
