What to consider when buying a home elsewhere. Aging Baby Boomers are buying second homes at a record pace. Last year alone, 377,000 single-family second homes were sold, according to the National Association of Realtors. Buying a second home for retirement, vacation or rental may be a great idea. But if you're buying outside of the area you're accustomed to, plan on ramping up your due diligence investigations. Click here to read more.
New "Price Bloat" Index Pinpoints Overvalued and Undervalued Home Real Estate Markets. Where are the most bloated prices -- and the most undervalued markets -- today? It probably comes as no surprise that among the most overvalued can be found in California, according to PMI's model. These include Los Angeles (33.7 percent over), San Jose (26.5 percent) and San Diego (22.3 percent). Las Vegas is 25.5 percent overvalued, and Phoenix-Scottsdale (22 percent.) On the East Coast, the most overvalued markets are northern New Jersey (25.6 percent), New York's Long Island (20.4 percent), Providence, R.I. (19.1 percent), Miami (20.5 percent), Tampa-St. Petersburg (23.2 percent), Orlando (19.6 percent), and Washington D.C. (18.2 percent.) Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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