When Solano County approved a new California law that would legalize home-based kitchen operations in April, it seemed like Cheska Kistner’s plans to open a restaurant in her Benicia home would finally come to fruition. The measure, California’s AB626, allows for what are known as microenterprise food businesses, which Alameda County also made inroads toward legalizing yesterday. But no Bay Area county has yet fully implemented the 2018 law, leaving entrepreneurs like Kistner in limbo.
Putting money in your pocket only makes sense if you’re going to be able to hold on to those funds.
2020 is one for the record books. The unemployment rate hit record highs, while interest rates hit record lows. The stock market rose to record highs, while the hospitality industry struggled through record-low demand.
You might expect that the uncertainty and recession caused by the coronavirus pandemic would have spurred the worst year ever for the housing market. However, the combination of limited numbers of homes for sale and low mortgage rates have pushed home prices up. According to Redfin, the median four-week home sales price on Sept. 13 was up 13% from 2019. If home prices in your area have surged, you may be tempted to cash in. Before you call a realtor, make sure selling is the right thing to do.
When selling makes sense
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Andrew Fortune is the owner and managing broker of Great Colorado Homes, a digital real estate brokerage in Colorado Springs, CO.
Right now, many real estate markets around the country are experiencing a lack of inventory. In some cases, the supply of homes for sale simply cannot keep up with the demand from homebuyers.
For example, in Colorado where I’m based, there was a 51% decrease in available single-family homes on the market this August, compared to the same time last year. That kind of shortage can cause panic-buying and quick sales.
If you’re in a market where homes are selling within minutes, you may be asking yourself if you really need a real estate agent to sell your home. It’s a question that needs to be asked from time to time. Why can’t you put your own home online and sell it without an agent? Maybe you