Transients

A flock of these (or some close relative) were at the co-op yesterday. Can Spring be far behind?

Cedar Waxwing

Ahead of the curve

http://www.minnpost.com/cityscape/2013/03/great-senior-sell-our-next-housing-crisis

And, even though many surveys show that seniors say they want to age in place, Nelson predicts that as they travel through the old age portion of the python, they will want to sell their three- and four-bedroom homesteads and move to a condo.

 ...
How might this play out in the Twin Cities?
Tom Melchior, director of market research for CliftonLarsonAllen, a business accounting and consulting firm, who has a specialty in senior housing, believes that prices will depend to a great extent on location.
"Most of the action now is in Minneapolis and St. Paul's downtowns and Uptown,” he says. “Also in the inner ring suburbs."

Nelson predicts that all of this will hit the fan around 2020. At that point, he says, seniors will be trying to offload 200,000 more houses than there will be families coming into the market to buy them. A lot of people won't be aging in place but stuck in place. And, presumably, prices would drop, enabling younger folks with less change in their pockets to get into a house. [emphasis added]

All we have to do is sit and wait  :)

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