Boomers aren’t selling their homes but are looking to buy investment property

Dennis Norman, St Louis REALTOR - Baby Boomers - Coldwell Banker Real EstateThe economy is delaying baby boomers’ plans to sell their homes, according to a survey just released by Coldwell Banker Real Estate. This doesn’t mean boomers aren’t in the market though….in fact, according to the survey, the desire to purchase and own a home, or more than one home, “remains strong.…especially so in the the investment market segment. ” Continue reading “Boomers aren’t selling their homes but are looking to buy investment property

First-Time home buyers prefer ‘move-in-ready’ home

According to a survey from Coldwell Banker Real Estate, 87 percent of first-time home buyers want to buy a “move-in-ready” home. First-time buyers have indicated they want to buy a home that is affordable, but they are not looking for the “fixer-uppers” as much as past buyers may have been. Continue reading “First-Time home buyers prefer ‘move-in-ready’ home

College Parents Buying Homes vs Rent or Dorms

Dennis Norman

A study by Coldwell Banker Real Estate LLC shows that this fall as parents said goodbye to their college-bound kids, fewer of those kids were heading to dorms or apartments that are typically associated with college housing but instead will be heading to homes their parents bought for them to live in.Ā  In fact, 64 percent of real estate professionals in college towns surveyed said they had seen a significant number of “parent investors” buying homes for their kids to live in while attending college. Continue reading “College Parents Buying Homes vs Rent or Dorms