October was a month of polar opposites for home and condo sales in San Mateo County. While home sales bumped up 1% from one year ago, sales prices increased 8%, and homes are spending less time on the market.
Meanwhile, condo sales dropped 14% from 2022, prices fell 8% YOY, and properties are sitting on the market for two weeks longer than last year at this time.
Last week, we shared a snapshot of sellers on the market in 2023 from the California Association of Realtors. Now it’s time to take a look at buyers braving the waters.
Contrary to what you might guess, it’s the Millennial Generation in the driver's seat on the buyer bandwagon, with nearly half the buyers coming from that age bracket. All told, it’s also an experienced cohort. Buyers have a median age of 45, nearly two in three are married, and 64% are repeat buyers.
See the infographic below for more numbers.
This recent snapshot shows that Baby Boomers are driving home sales in 2023, as they approach their golden years and look to downsize or seek a change of scenery. More than half of sellers are married, nearly half of them plan to buy a new home after they sell, and fully two-thirds are white.
Learn more in this infographic from the California Association of Realtors.
Do you use Mint to track your personal and household finances? Well, it’s time to find another app. Parent company Inuit announced last week that it’s rolling Mint into the Credit Karma platform, which means users need to migrate to a new service. NerdWallet has some tips for where to go, although we’re a little sus of their intentions. Here’s more.
Did you know the average American will spend $108 on Halloween related activities this year alone, and 60% of parents will dip into their childrens’ trick-or-treating haul? Wallethub breaks down the facts and figures of costumes, candy, and pumpkins, complete with the world’s longest infographic.
