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:
Homebuyers are watching the economy closely, and for good reason. Buying a home is one of the biggest purchases most people ever make.
A lot of buyers are stuck in “wait and see” mode right now. They’re watching rates hover a little above 6% and thinking, I’ll buy once they hit the 5s
There’s been a lot of talk lately about how a government shutdown impacts the housing market. You might be wondering: Is it causing everything to grind to a halt?
Mortgage rates have been the monster under the bed for a while. Every time they tick up, people flinch and say, “Maybe I’ll wait.” But here’s the twist. Waiting for that perfect 5-point-something rate could end up haunting your wallet later.
These days, you’re going to want to get your price right when you get ready to sell your house. Honestly, it’s more important than ever.
After reviewing what Lake Arrowhead Buyers need most affordability and rates!
