I’m 65, retired and have a $2,000 pension. Should I sell my rental properties?
Dear MarketWatch, I’m a 65-year-old married man in Southern California. I retired about 5 years ago, and have very little in pension payments of about $2,000 from my old job, without any medical benefits. But I have rental income from about a dozen single-family homes that I collected during my professional career as a civil […]
How the Fed is ‘collapsing’ real estate activity with higher interest rates
U.S. real estate has undergone a dramatic slowdown in transaction activity in the months since the Federal Reserve began jacking up interest rates. Sales of existing homes plunged from peak pandemic levels to about 4.1 million in November (see chart) from over 6 million units sold per year in 2021 as the Fed has dramatically […]
‘Concessions have made a comeback’: In a cooling housing market, sellers pull out all the stops to lure buyers
Some home sellers are finally accepting the writing on the wall, and offering concessions to home buyers as demand remains weak in the housing market. According to a new report from Redfin RDFN, +4.39%, approximately 42% of homes sold in the fourth quarter of 2022 came with concessions. In contrast, over the same period in […]