There is no cool-down period now. Once a purchase contract is signed, the seller has to sell. Katy Perry's real estate history hasn't exactly been smooth sailing. The singer has been wrapped up in several legal battles with elderly homeowners in California, and the...
The author has been writing about housing for 3+ years, and has already identified the key topic. Even though the houses owned by boomers might be in superior locations, they are dated and in need of repairs and improvements. While she thinks fixers will become...
For virtually everyone - and especially for the long-time homeowners - moving is a life-changing event. People are already having a life-changing event, and that's what is causing them to move. Just getting older is life-changing! Selling the house and moving is the...
Unless you are among the very affluent, you need to move out-of-state to make it worth selling your home in San Diego. If that looks inevitable, do it while you are younger and can handle the challenge! Start by going through your stuff - your kids don't want it and...
They calculated that baby boomers provided 4.41 million of the 7.74 million homes for sale in 2019 (57%). Now that younger homeowners are locked into their forever home, it's likely that the percentage of estate sales will rise dramatically - but only because there...
Will there be fewer sales in California due to kids moving into inherited homes? Or could there be more sales, due to the high home values and the difficulty of paying off the other siblings? Hat tip to the WSJ! One of the first things people do when they inherit...
I could not feel more certain about this conclusion:
The doomers will love this article but no mention of heirs living in their inherited family home, instead of selling it - which around here should be a significant group: Millennials are fueling a generational housing bubble that's set to burst over the next decade as...
How bad could it get? What else could happen? The market could deteriorate into a cash-only environment, where the buyers and sellers who can avoid mortgages altogether are the only players left. If mortgage rates get into the 7s and 8s, the temptation for financed...
Ok, ok you want to downsize but you don't want to bake in the desert - plus you like living in San Diego. Aren't there any newer, smaller choices around here? Lennar has purchased three local golf courses and are on their way to building them out. The development of...
