Baby Boomers
(Above) John Raymond’s Cheese at Calistoga Ranch There has been a lot of chatter out that the Baby Boomers might be the last generation to embrace home ownership. Well, a new study now says what I have long suspected: with Baby Boomers, one is never enough. The Millenials and offspring of the Baby Boomers tend…
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This article in the Washington Post says that Baby Boomers are changing the face of suburbia and staying put, rather than retiring to the likes of Florida and Arizona, as their parents did, once they retire. The U.S. Census showed how rapidly America’s suburbs are growing — despite efforts to squeeze us into greener, urban multi-family…
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Was in San Antonio last week at the National Association of Real Estate Editors conference getting a state of the real estate market report. They kept us hopping busy, and plugged the heck out of San Antonio. What can I say, San Antonio actually HAS a river walk! The next great frontier in real estate is re-newal…
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Ask Candy – a reader writes: My wife and I are not getting along, but we do not want to get a divorce for financial and religious reasons. I have enough cash for a down payment and was approved for a mortgage to buy a small house from foreclosure here in Dallas. But get this: …
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543,000 vacation homes were sold in 2010, ten less than in 2009. 867,000 investment homes were sold in 2010 940,000 investment homes were sold in 2009 Only 25 percent of vacation home buyers plan to rent them. Only 20 percent of investment buyers plan to use their second homes themselves. The median price of a…
Read MoreJeff Harding makes an excellent point. What we heard yesterday proves our housing market is years from the bottom, and those of us who keep saying, OK, this is it, are continually blown away by the sweeps of foreclosures and short sales that are coming on the market. Those are watering down prices and will…
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