Are Aging Seniors Holding Down Needed Inventory Growth?
I
n the years before 1990
, the demographic of Lake Arrowhead was primarily over age 50 with family style vacation homes, used by the parents, children and grandchildren. The 1990s recession was not too severe. No real change.
At the turn of the century, 2000 , Lake Arrowhead had a major upsurge in vacation home purchasers under age 45. 2006 through 2014 recession wiped out most of the inexperienced, highly leveraged young, new owners thinking real estate could never go down. In fact, wise minds encouraged that thinking.
At the turn of the century, 2000 , Lake Arrowhead had a major upsurge in vacation home purchasers under age 45. 2006 through 2014 recession wiped out most of the inexperienced, highly leveraged young, new owners thinking real estate could never go down. In fact, wise minds encouraged that thinking.
RECENT POSTS:
You may have heard April 12-18 was the “best week” to list your house in Lake Arrowhead. That’s based on a report from Realtor.com. But now that it’s passed, you may be wondering if you missed your moment.
There’s a lot of uncertainty right now and that’s leading
to some dramatic headlines.
If you’re getting a tax refund this year, here’s something worth thinking about. That money could actually help you get closer to buying a home.
There’s a lot of noise out there right now about investors in the housing market.
You’ve probably seen posts on social media talking about how “home prices are falling.” And when you see something like that, it’s normal to wonder:
Renting can feel like the easier choice right now. There’s no big down payment. No dealing with surprise repairs. And no long-term commitment.
