real estate: The Value of Your Home Can Help You Retire
- 07/10/17 02:02 PM
We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can be in retirement planning and they said. “Individual account retirement plan assets, plus home equity, represent almost all of what families have to use for retirement expenses outside of Social Security and traditional pensions. Those families without individual account assets typically have very low overall assets, so they have almost nothing to draw from … (0 comments)
real estate: What's Happening in the Real Estate Market?
- 02/20/17 09:18 AM
This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate converged in New Orleans to present their answer to this question at the 50th Annual Real Estate Journalism Conference for the National Association of Real Estate Editors. Here are the top takeaways from the week of presentations: Many of the conversations at the conference came back to the impact that Millennials and first-time home buyers will have on the market in the future. Jonathan Smoke, Chief Economist for realtor.com had this to say: "At any given time in our history, demographics would explain 60-80% … (0 comments)
real estate: Woodbridge Irvine real estate market
- 11/12/11 08:14 AM
The prices of Woodbridge homes for sale right now, range from $169,900 for a 1 bedroom attached REO condo on Echo Run, to $1,109,000 for a 3 bedroom 2,366 square foot SFR on Lakeview in Arborlake.There are 92 Woodbridge homes currently for sale, and 42 of these are short sales or bank-owned, (REOs).21 Woodbridge homes sold in October 2011, at prices from $228,000, (a 2 bedroom attached standard sale condo in the Stonegate tract), to $730,000 for 3 bedroom short sale condo on Lakefront in the Cove tract.Don't expect to see many homes in "The Landings" on the market for sale. Usually when one is offered for sale, it is snapped … (2 comments)
real estate: They're not lasting long in The Landings
- 03/13/10 01:28 AM
Don't expect to see many homes in "The Landings" on the market for sale. Usually when one is offered for sale, it is snapped up pretty fast!Only two are for sale right now, and these are 3 Warmspring, a Plan 2 / B model in Landing I, and 23 Emerald, a Plan 3 / C model, in Landing II. 8 Earlymorn, a Plan 4 / D, went into Backup Offers on February 23rd, after 4 days on the market, and 24 Whispering Wind went into Pending status today, after 10 days on the market. Both are in Landing I.In 2009 only were 5 homes sold, (that's in Landings I and II combined), and … (0 comments)
real estate: Laguna Woods Village - 13 Months Inventory
- 03/04/09 09:10 AM
In February, there were 29 closed sales in Laguna Woods Village. The prices of these homes ranged from $80,000 to $765,000. 15 of these were co-ops and 14 were condos. One of the condos that closed is in Rossmoor Towers. The penthouse at 4008 Calle Sonora Oeste, (3E), is for sale at $525,000. It's a 2,189 square feet 3-bedroom, 3-bath condo. (See more at http://www.lagunawoodscondos.com/) 24 homes are in Backup-Offer status, and 37 are Pending. There are 407 active homes in Laguna Woods Village. If 31 homes are sold each month, (that's been the average for the past three months), then … (0 comments)
real estate: Laguna Woods Village Housing Inventory
- 02/09/09 05:11 PM
You know, this evening I was just thinking about the huge inventory in Laguna Woods Village these days, and calculated how long it would take to sell everything. (I do quite a bit of business in Laguna Woods, as well as in Irvine.)28 homes sold last month, and 36 sold in December, so let's assume that 32 homes will sell each month.As of today, there are 388 Laguna Woods Village homes for sale. Divide that into 32 home-sales expected per month, and I calculate that it will take 12 months to sell all 388 homes!That's a year, people! Think this might … (0 comments)
We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home.
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