When you drive around older neighborhoods, you see homes in original condition or in a state of disrepair, which are signs of senior homeowners. It makes you think, "They should sell and move - are they just waiting around to die?" The answer is YES, and it's because...
Baby boomers in full control of the market, and very few have a reason to sell. In fact, the list of reasons NOT to sell is so long that you can't help but have a personal favorite that keeps you in limbo: 1. I don't need the money. 2. The grandkids are here. 3. My...
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....
Doesn't it feel like we're in another bubble? Home prices have been on a tear for ten years straight, and are at their highest levels ever. Is this bubble going to pop too? Let's look at the statistics first. I took the most recent 45 days to get the latest scoop,...
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...
