I plan a perfect day every day. I am not sure I have ever lived a perfect day, but some have come close and that's good enough for me. Today, I started the day with yoga and progressed to the computer to do my motivational reading for the day. Off to a pretty perfect start.
Next, I bounced from site to site catching up on news and real estate related articles. Ouch, some of those were really painful. The luxury market is flat-lining, first time buyers are begging for down payments from relatives and friends. The middle class buyers are losing jobs, followed by their houses, at an alarming rate. So who is selling and who is buying?
In my market more and more senior citizens are placing their home on the market and moving forward with retirement and down-sizing. Many of them have owned their home for twenty to thirty years and have used it as shelter, not a bank, and therefore have built a sizable nest egg. Retirement homes in Arizona, the California desert and other choice retirement destinations have declined in value and present some fabulous buying opportunities. As one senior said, "I can't place my life on hold while I wait for this market to recover." Smart woman.
This is a time of change, but it is also a time of opportunity.
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.
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