The Wall Street Journal

Congrats, your house made you rich. Now sell it

Congrats, your house made you rich. Now sell it
Downsizing could pad out those retirement savings. (Image: Depositphotos)
The Wall Street Journal
By Justin LahartForget the old slogan about there never being a better time to buy a home. For baby boomers, there might never be a better time to sell.The kids are gone, the stairs aren’t going to get easier to climb, and downsizing with home prices up so sharply since the pandemic could pad out those retirement savings.Many boomers have little or no debt on their current homes, and, as an added bonus, it is easy to find ready buyers with so few homes on the market.The key is beating the crowd. If boomers decided to sell en masse, the pr...

More Property

City apartment builds at decade low as pre-sales dry up
Property

City apartment builds at decade low as pre-sales dry up

Fewer apartments in the pipeline as developers cancel projects.

Brent Melville 23 Feb 2024
Authorities accused of doing demo job on local contractors
Infrastructure

Authorities accused of doing demo job on local contractors

Local contractor says preference for offshore providers costs the economy millions

Brent Melville 21 Feb 2024
Profit down 72%, as Winton moves into 'buy mode'
Property

Profit down 72%, as Winton moves into 'buy mode'

Residential firm says it's on the hunt for distressed deals.

Brent Melville 20 Feb 2024
Property managers need to be reined in, realtor organisation says
Property

Property managers need to be reined in, realtor organisation says

Unregulated industry has few checks and balances and bond fraud is 'common'.

Brent Melville 20 Feb 2024