https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24811&utm_source=RECON&utm_campaign=05fe67467d-EMAIL_CAMPAIGN_2020_08_27_04_24&utm_medium=email&utm_term=0_b815716265-05fe67467d-66993429 According to the above report by the Real Estate Center at Texas A&M University, national housing inventory declined 32.6 percent year over year, and the inventory of newly listed properties declined 13.4 percent Baby boomers are not moving. Perhaps potential Read more…
Month: August 2020
Marcus and Millichap published a new research brief titled “Changing Lifestyle Preferences Shift Housing Demand to Suburbs.” They say that the pandemic has altered housing choices. The report confirms the anecdotal evidence. Although some companies have confirmed permanent work from Read more…
Seven of the ten most expensive rental markets had year over year price decreases. The most expensive markets were San Francisco (one bedroom rent dropped last month to $3,200), New York (one bedroom rent declined to $2,840), Boston (one bedroom Read more…
Is the current hot seller’s market about to turn into a buyer’s market? We are in uncharted territory, it is difficult to predict. But the author of the following article may well be correct. https://www.biggerpockets.com/blog/covid-evictions-market-fallout Unemployment numbers are still over Read more…
In addition to the exodus from New York, see article below, there is also an exodus from San Francisco, as described in the following article: https://www.sfgate.com/living-in-sf/article/2020-San-Francisco-exodus-is-real-and-historic-15484785.php Investors in cities like San Francisco and New York often believe that values can Read more…
https://nypost.com/2020/08/11/new-yorkers-flee-nyc-in-droves/ An article below predicts that an exodus from big cities will last for a couple of years. This article, linked above, describes how New Yorkers keep moving out of the city to the suburbs. With a high population density, Read more…