Bill Diebenow Properties

Shout out to the Money Guy Show produced right here in Franklin, TN. This isn't the first time I have highlighted the guidance of Brian Preston and Bo Hanson in my communications. I appreciate their common sense advice and easy-to-follow checklists. In the Money Guy Show episode  (click link) produced on March 10, Brian and Bo respond to nationally recognized voices of authority who are in conflict. Harry Dent says a big housing crash is coming. Dave Ramsey maintains a position that now is still the time to buy. Considering and following the Money Guy Home-Buying Checklist is helpful in right-sizing the question of "to buy or not to buy?" to your personal circumstances. What particularly interests me most follows the age-old real estate mantra location, location, location. Brian asks, "What is the sizzle of your location?" It's a mistake to put a blanket projection over the entire country. What are the migration patterns, which companies are driving job grow...

Click for brief 2-min video Homeowners stay in their homes 2x longer than 2 decades ago. As you can see from newly released Redfin data:  The length of time staying put in a home has nearly doubled since 2005, from 6 to 12 years. This phenomenon is one more factor (such as fewer construction starts) contributing to the lack of for-sale inventory. The ownership "tenure" is down slightly from the peak reached in 2020. Record-low mortgage rates in 2020/2021 motivated a large population segment to buy/sell homes, boosting transaction numbers for a time. Pandemic-fueled remote work prompted many Americans to relocate to a different part of the country, too. What is Your Ownership Profile? 1 - Are you living in the home that you love? Or it suits you well? If so, we'll say you are in the satisfied group. 2 - Alternatively, are you in either of these begrudgingly "staying put" camps? In the first staying put camp, you have settled for a home you now regret purchasing. ...