Over the last several years, many “baby boomers” have undergone a metamorphosis. Their children have finally moved out and they can now dream about their own future. For many, a change in lifestyle might necessitate a change in the type of home they live in.
That two-story, four-bedroom colonial with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. When they decide to travel to be with friends and family, locking up the house is too time-consuming and worrisome.
Instead, a nice ranch home with 2-3 bedrooms and two baths might better fulfill their new needs and lifestyle. The challenge many “boomers” have faced when trying to downsize to the perfect new home has been a lack of inventory.
The average number of years a family stays in their home has increased by fifty percent since 2008, causing fewer houses to come to the market. During the same time, new home builders were concentrating most of their efforts on large, luxury, expensive houses.
Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades!
At Century Real Estate and Finance, we have been helping people find the homes of their dreams for over twenty years and continue to serve our clients even as the ups and downs of the market have seen other realtors come and go. We can help you too. Whether it is a home, a business or an investment, we are here to help make it happen!!!
My name is Karim Karmaly and I am the President, CEO and Broker of Century Real Estate & Finance Inc. We can help you buy, sell or refinance your home, business or investment. Call us so we can help Make your Dreams a Reality.
Sincerely,
Karim Karmaly
President
Century Real Estate and Finance, Inc.
(818) 970-6786
CalBRE #01269920