Millennials remain the largest homebuying segment for the fourth consecutive year in the U.S. As the largest population demographic ever in the country, where Millennials locate, live and work will impact the economic landscape of the country for decades to come. With a median age of 29, Millennials are not at the peak age of …Read more
Having grown up in a small town in Southwestern Colorado that had only one radio station, you listened to whatever music they played – at least until sunset when radio skipwaves bounced off the ionosphere from distant locations into the valley. Whatever the DJ felt like playing is what you heard. One of the DJ’s …Read more
We are at that stage of the year when attention flows from turkey, pumpkin pies, cranberries, Black Friday, Cyber Monday, to gifts, bows, decorations and holiday parties and events. Each has a distinct, and for some, short and narrow high season. The same applies to housing sales. Depending on where the house is at (and …Read more
There is one statement that is almost always true among the majority of homeowners: Homeownership is an older person’s game. The key word is majority. While younger people buy housing every day, when the homeownership metric is viewed with respect to age, it is highly correlated. LendingTree examined the 100 largest metros in the U.S. …Read more
Existing home sales gained some daylight in October 2018 versus the prior month, increasing 1.4 percent to 5.22 million on a seasonally adjusted annualized basis (SAAR) according to National Association of Realtors® (NAR). October sales, however, were off 5.1 percent on a year-over-year comparison. On an unadjusted basis, housing sales in the first 10 …Read more
Not only have vacation homes been a benefit for owners in escaping the stresses of life, those recently selling are pocketing some impressive gains on the way out of the closing. As usual, I invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market or a National Economy. The …Read more
Existing home sales continue to mimic a slow-leaking tire this year, as sales have fallen short in four of the eight months thus far in 2018 versus a year ago. Year-to-date sales are down 1.23 percent. Though sales are down, rising prices are compensating lending with the median up 5.1 percent compared to the same …Read more
Everyone’s top-10 list of anything ranked will vary since we all have differing wants, needs, likes and dislikes. Whenever any top-10 list is presented, prior to trusting the rankings, always focus on the selection, inclusion and exclusion criteria. A good example of personal preference is my own avoidance of cold climates and weather. As stated …Read more
Ever get that Déjà Vu all over again feeling – like you have been there and done that? Déjà Vu is French for Already Seen –and that appropriately describes what is going on in housing markets and interest rates today. Up front we need to recognize that interest rates in recent years and today are …Read more
While much of the U.S. bricks and sticks retail industry is struggling, given the structural shift in shopping, not included in that disarray are stores where everything is $1. I am also old enough to remember when my weekly allowance was $1. A single dollar in those days, however, bought a lot more than today …Read more