Real estate trends to watch in 2020January 7, 2020 By Ryan LundquistWhat’s the real estate market going to do in 2020? Let’s talk about some of the bigger emerging trends. Scroll
Leaving California Pros And Cans
Leaving California: Former residents share the good and the bad after they left the Golden State
Many of them moving to states with a lower cost of living like Texas, Colorado, Tennessee, and Idaho.
Along with the exodus comes growing pains and opportunities.
Dion Lim✔@DionLimTV45 people are talking about this
About 129,000 California residents left the state in one year. LEFT: a home realtor @BrianKGillman sold in Livermore for just over $1,000,000. RIGHT: the home the sellers bought in Las Vegas. Half the price, twice the size. @abc7newsbayarea
77Twitter Ads info and privacy
For years Brian K. Gillman had a thriving notary business in the Bay Area but shifted into real estate in 2019 when he noticed throngs of Bay Area residents wanted to move out of state.
"When they sell that's half the process. They have to go somewhere and I heard it over and over, they've been having a bad experience when they land," said Gillman.
Recognizing the need to help buyers find the right location to move to, Brian and his team now travel to cities across the country.
"I am looking into Idaho, Nevada, Texas, Florida, and Tennessee," said Gillman.
They're in the process of shooting videos and gathering information like tax rates, that'll help buyers like the ones who just sold their Bay Area home at just over a million dollars, make a decision on where to buy. It'll also help his company assist buyers on the back-end find a property.
The home the Bay Area sellers purchased in Las Vegas was half the cost of their California home at twice the size.
Mario Lopez is one of 7,200 Californians that recently made the move to Idaho in a 5-year span. Lopez's decision to move was based on spending more time with his family, not in the car, commuting.
But he has experienced some push back.
16 people are talking about this
Idaho apparently has much more to offer than just potatoes ! In 5-years about 7,200 Californians moved to the Boise area. #GlamourousPotatoLiveShot
65Twitter Ads info and privacy
"We were at Costco and my wife was speaking to my dad who was ill. The people next to us, around us weren't happy she was speaking Spanish and from that point a bunch of stuff escalated," said Lopez.
Wayne Richey is a one-time Boise mayoral candidate who ran on the slogan of "take back Boise." He said it's not Californians and their viewpoints he despises, it's how they're driving up home prices.
"They'll tell you they love the fact that their houses are worth a lot more now and they have that appreciation in equity," said Gillman.
Mario said despite the occasional prejudice over Californians, the cost of living and quality of life in Idaho is still worth the move for him and his family.
Latest Blog Posts
Residential investors need to evaluate potential properties differently than people would evaluate a primary residence -- and the question "condo or single-family home?" brings a whole
By MARGOT ROOSEVELTSTAFF WRITER DEC. 5, 2019 5 AMCalifornia’s economic growth will slow next year, but it is likely to outshine that of the nation overall, as Golden State employers