Real Estate Thoughts - James Williams III - RE/MAX Premier Properties

Although the typical adult spends at least a fourth of his or her income on Kissimmee real estate- related matters, many basic real estate terms—even basic ones—aren’t widely understood. We probably accept that fact because that is just the way it’s always been—but it really is astonishing that many of the material terms Kissimmee real estate professionals use remain unfamiliar to most everybody else. If there were an introductory freshman class called “Real Estate 101,” I think a good first week would be spent on getting the vocabulary straight. That knowledge really would help clarify how we think about this most important purchase and holding. To illustrate in a light-hearted way, here’s a short quiz on terms any Kissimmee real estate professional might use: 1. Best answer to the difference between real property and personal property is— a) You can touch real property, unlike personal property b) Personal property can be moved; real property is immovable c) People have

Overall, the U.S. residential market has behaved itself predictably for a couple of years. As a result, there’s been little chance for commentators to point out any new phenomena that might affect our own Kissimmee listings. In general, price growth has remained moderate while the volume of homes changing hands has been relatively quiet. That might be headed for a change if CNBC’s Diana Oleck is right. In a brief report last week, she made a case for a new trend that could have an effect on the home-selling picture—including the number of our own Kissimmee listings. The trend is an uptick in one choice seniors are making—in this case, the tendency of retirees to stay put in their current home. “Why seniors ‘aging in place’ is affecting home sales” was the report’s headline. It pointed to an emerging housing trend which has older Americans eschewing the urge to downsize or move to retirement communities, instead choosing to stick it out in their current homes. That’s a trend