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Source: Curbed LA
According to the latest data from the U.S. Census Bureau, the percentage of Americans moving over a one-year period fell to an all-time low of 11.2 percent last year (domestic migration shrunk in half since 1965). The drop is particularly prevalent among millennials. New survey data from the Pew Research Center found that 25- to 35-year-olds are relocating at much lower rates than the previous generation.
Last year, 20 percent of millennials moved sometime in the last year. When older generations were the same age as millennials now, they moved at higher rates: Gen X was at 26 percent, as was the generation between 1925 and 1942.
According to data from Moody’s Analytics and First American Financial Corporation, median homeownership tenure—the average time someone stays in their home—just rose to 8.5 years, the highest they’ve seen since they began collecting data in 2008. And right now, especially in hot metro markets like San Francisco and New York, houses move at lightning speed. Redfin found that the average U.S. home went under contract in just 49 days in March, the fastest time on record since Redfin began keeping data in 2010.
Whether you're a married couple, best friends, enemies, siblings, a trust, or a company, there are many options to hold title to a property.
Here is an overview of the many methods of holding title and answers to the most common questions.
If you need help with changing title or recording deeds, call or text me today! (626) 831-0539
Lying on your tax forms can make you hungry, so if you're looking for a quick snack to keep your energy up, the following restuarants are offering you some free or discounted foods!
Many factors influence listing and sales prices, in today's market, low inventory is driving prices higher.
Spring means Baseball & a great time to sell or buy a home!
Current West Coast Trends - Which Improvements Add Value?
If you're considering remodeling, incorporating smart home technologies is an investment in the future marketability of your home. Technologies that save energy and save on the utility bills are among the most popular upgrades for today's buyers.