June, 2024 | Brezsny Associates

Midpoint of 2024

June 28, 2024Here we are… the midpoint of 2024 and I suddenly realize we haven’t spent much time talking about the state of the real estate market lately. I’m not quite sure why. Houses are still selling. Multiple offers are still happening. An astonishing amount of cash is still floating around. Homes (some) are still selling fast for more than they’re listed. And not surprisingly, it’s still difficult for older sellers to downsize and even more difficult for millennials to shoehorn into their first homes. In other...

Understanding the WHY Behind Low Inventory

June 21, 2024Continuing our conversation about the one big thing that’s been driving the unprecedented run in the market for over a decade. We’re on the hunt for the elusive “why” behind the “new normal” of extraordinary low inventory. Where did all those listings go? Why aren’t more sellers selling? Last week we looked at common types of transactions and how each one incrementally affects overall supply. What’s clear is that outside of building more homes and/or radically increasing our collective mortality rate (any volunteers?) there aren’t...

The “Why” Behind Downsize Dilemmas

June 14, 2024Continuing the conversation... how selling a home and navigating the long list of logistical steps around the process, almost always represents a small part of a much larger life transition that’s going on. The “why” behind a person’s desire (or need) to sell. No two home sales are alike. And everyone’s path in life is different. Despite the differences, there are also plenty of similarities. Ones that show up over and over again in real estate transactions/transitions related to aging. Familiar questions. Common concerns. Recognizable...

Richard and Rachel Part Seven

June 6, 2024This is the last in the series of columns following Richard and Rachel, a local couple who’ve been sharing some of the trials and tribulations of their own downsizing process. If you want to share your own insights, call me at 831-818- 1431 or email getreal@serenogroup.com Tom: Richard you were talking about downsizing being one of those proverbial “first world problems.” Richard: We are fortunate. We actually do have quite a few choices about how to live the last third of our lives. Sometimes people...