More than half of homebuyers are willing to trade a larger house for a larger yard, according to a survey recently conducted by the Society to Talk Millennials into Buying Boomers’ Obsolete Sprawling Ranchers.
Anyone who goes to city hall to ask a question about permit status, tree removal or a lot’s development potential–questions potential buyers often ask–runs the risk of getting contradictory or even just-plain-wrong answers. The best legal thinking these days is that buyers should get their right, wrong or just confusing answers directly from the city (or county) rather than second-hand from their agent.
One of the great things about being an agent is that not only do you get to help your clients achieve their dreams, you get to live vicariously. If they’re looking for a vacation home on the Central Coast, you’re looking for a vacation home on the Central Coast, at least until escrow closes and reality reasserts itself.
Ever wondered what the next real estate downturn will look like? Ever wondered why they say it’s unwise to try to time a market? Read on.
“The month of May saw a strong seller’s market and the pattern has continued into the summer months.”
Visionaries and other thought leaders are fond of suggesting that the way another city, region, country or planet does things is the solution to one of our own pressing problems. “If only we did it the way they do it in Eastern Slobovia, everything would be fine.”
A survey of prospective homebuyers, millennial and otherwise, reveals that the idea of a “forever home,” a house that will last through all phases of a person’s life, is outdated.
All the markets this newsletter covers were hotter last month than they were a year ago.