This has been fairly consistent over time. Younger people are more likely to move greater distances.
More Quotes from Walter Molony:
Seller concessions have not been common in the last five years. Sellers haven't had to offer them. But as we become more balanced, especially in areas of high inventory, that's where you'll see the use of concessions become a bit more common.Walter Molony
But this is uncharted territory. We've never seen this kind of destruction. There are relief efforts down there and you have real estate agents as refugees. There is too little known at this time.
Walter Molony
It's not like all of the buyers fell off a cliff. There are still people in the market during this time, just fewer. Some people think it's a great time to buy or sell.
Walter Molony
Our survey doesn't explain why. It gets down to being as simple as women have a better understanding of housing as a long-term investment. Single guys are more interested in consumption. They don't get serious about real estate until they meet the right woman.
Walter Molony
Our cabin is worth less than half our primary residence yet we're paying a lot more. And our premium just went up 56 percent.
Walter Molony
We've never had a streak like this. We think we've come to an end for setting a record each year, but we're projecting this is a new plateau because of population growth and household formation.
Walter Molony
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