Real Estate Sales
Do you find it impossible to get anything done in Dallas in August? Let’s face it: everyone in town has taken a hike. And do you blame them? I’d much rather be at the seashore in Maine, on the Gulf Coast at Alys Beach, even down at Cinnamon Shore (which opens a new coffee house next week)…
More proof that the rich are getting richer, and the American middle class is diminishing: according to Mother Jones Magazine, the top 100th of 1% of the wealthiest Americans, now make an average of $27 million per household. The average income for the bottom 90% of the US population is $31,244. The median net worth…
543,000 vacation homes were sold in 2010, ten less than in 2009. 867,000 investment homes were sold in 2010 940,000 investment homes were sold in 2009 Only 25 percent of vacation home buyers plan to rent them. Only 20 percent of investment buyers plan to use their second homes themselves. The median price of a…
I wrote a piece for AOL this week that was very telling: cash real estate transactions are up, as originally reported by the Wall Street Journal: in fact, cash buyers may be juicing up the market, especially in the underwater areas. The WSJ wonders if this could be a good gauge that the market has…
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