Category Archives: Personal Finance

Money Monday: Home prices rising in car-dependent neighborhoods

“Market trends suggest that many homebuyers are prioritizing affordability above walkability.”

“Prices have been rising faster in car-dependent neighborhoods than in walkable neighborhoods since September 2018…” “Home-sale prices in walkable neighborhoods across the country increased 2.3 percent year over year to a median $343,900 in July, compared to 4.3 percent annual growth to a median $312,100 for homes in car-dependent areas.” (Redfin. 29 Aug 2019. Redfin.com/blog/walkable-neighborhoods-home-prices-rising-slower)Read more about this on Redfin.

Money Monday: School districts when buying a home

“Purchasing a home is one of the biggest decisions a person can make during their lifetime…As back to school season approaches, a recent report from the National Association of Realtors highlights the different purchasing and selling habits of Americans, revealing that a significant share root their home purchasing decisions in school district quality.” Read more here at Housing Wire.

I’m curious — did you buy your home based on the school districts?

Money Monday: How to avoid money pitfalls in retirement

How to avoid falling into the dangerous money pits of retirement

Unfortunately, there are many things that can put unnecessary strain on your retirement savings; here’s just a few — read Forbes’ article for more:

  1. ATM withdrawals
  2. Dental costs
  3. Subscriptions that you don’t use enough

Read more at Forbes.

Money Monday: Why maybe you shouldn’t retire

The typical retirement age may be looming, but perhaps you shouldn’t retire.

Here’s a few reasons why maybe you should keep working from Forbes.

Money Monday: First Time Homebuyer Interest

According to a survey from Realtor.com, this spring was filled with home-buying interest, especially from the nation’s first-time buyers.

Read about it here: https://www.housingwire.com/articles/49674-first-time-homebuyers-want-to-buy-homes-but-their-wallets-are-saying-no

Money Monday: When to drop the list price

“You’ve listed your home for sale, and no one is taking the bait. One month passes, then two. How long do you wait before you increase the odds of an offer by dropping the price?

“According to a recent survey from blockchain-based real estate platform ShelterZoom, most American home sellers opt to reduce their asking price after three months of zero offers.” (“Most home sellers will wait this long before dropping their listing price”. https://www.housingwire.com/articles/49507-most-home-sellers-will-wait-this-long-before-dropping-their-listing-price)

How long would you wait? One way to hopefully avoid having to drop the list price is by pricing your home for sale correctly. Realtors know the local real estate market and can help you make a savvy decision. Ask me for help, if you’re in San Diego County and are thinking of listing your home for sale!

Money Monday: Renovate or sell?

It can be a toss-up — renovating your home or selling and moving to a new place.

home

What should you do? Forbes has some things to think about. And while this article is specific to New Yorkers, the questions to ponder are universal.

Read the article here: “Should You Stay Or Should You Go? Expert Tips On When To Renovate And When To Sell.”

Money Monday: Vacant homes are costly

Listing your home for sale? Don’t move out beforehand!

Vacant homes tend to both sell for less money, and spend more time on the market.

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.