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:
If you've been thinking about selling, you've probably seen plenty of headlines suggesting buyers have just about disappeared.
If the first half of this year has left you feeling stuck, you're not the only one. Mortgage rates stayed higher than people wanted.
Saving for a down payment can feel like the hardest part of buying a home.
After the Fed's June meeting, "I'll wait for rates to drop" is a weaker bet. Here's the honest version of that conversation.
One of the biggest reasons buyers are still sitting on the sidelines is because they think home prices are going to come down.
A lot of people who want to move are telling themselves the same thing:
"Maybe I'll just wait until later this year once things calm down."
