In San Diego County, the excessive frenzy conditions have been driven by newcomers who don't have a house here yet, and who figure that they just have to pay what it takes to get one. It is those buyers that out-bid the locals. As those numbers dwindle, the frenzy...
The less equity you have, the more likely you will move. Q: I guess it may be too late, but figured I’d ask. We did a reverse mortgage. We got almost no cash out of it, but it is eating up whatever equity remains with our loan that has an effective interest rate of...
Do a thorough investigation on where you're moving! To Rick Brown and Jeanne Brown, finding a forever home has seemingly taken forever. In just five years, the couple—he’s 71 and she’s 72—bought or built two different houses that they planned to live in for the rest...
Here's a two-year moving plan for those long-timers who: Have substantial equity in their home, but Don't want to pay any capital-gains tax, and Want to move out of town - but not sure where, exactly. This is an adventurous experience, and good for those who are...
For months the talking heads have cited the ultra-low rates, the shortage of new homes being built, stock market, millennials, covid, etc. as reasons why the real estate market has exploded. Let's add a few no-so-obvious reasons. Did we fully recover from the last...
Zillow is optimistic that we will see more homes being listed for sale: In prior years, inventory has generally increased in March, and the return to some seasonal normality is a positive sign that the market is reaching a more steady state and could see inventory...
The author first explored this topic in 2015, and this follow-up article was published in February: Welcome to the Brave New Housing Cycle: Factors indicate that an extended housing boom is underway. A new long-term housing boom is upon us. And COVID-19 is the main...
The multi-gen home will be a very popular choice for many. From cnbc.com - an excerpt: Things have changed in the last few years, however, and a new trend has emerged. Rather than downsizing or right-sizing, retirees are starting to upsize. They are moving to bigger...
The new NAR report on the characteristics of homebuyers was released today. Let's note how many homes were bought to accommodate kids moving back home - or who never left. Past generations never had to worry about kids moving out when everybody could afford a home....
Remember when it seemed to make sense that because home prices were escalating, people would be buying smaller homes? Boy, did Covid-19 change that - now the larger homes are driving the market, which suggests that the move-up market has come alive: (To keep a healthy...
