Key Highlights
Second home mortgages soar +178% y/y in April
11th consecutive month of +80%-plus growth
Jump in Demand for Second-Homes More than Twice Demand for Primary Homes
A recent study by Redfin confirmed what we've all "noticed," the soaring demand for second homes over the last 11 months.
In April, the number of buyers who locked in mortgage rates for second-home purchases skyrocketed...
Mindset check first... are you feeling 'overwhelmed' or are you simply surrounded by lots of opportunity?
1. Media free mornings, ideally media free life. Check what you're putting into your head. If it's beneficial to your business, read it, listen to it. Our podcast, housing facts, local trends are fine. Listen to podcasts of something that interests you, in or out of the...
Key Highlights
Curb appeal matters most
Garage door replacement generates 94% ROI
Exterior Renovations Generate Most ROI
With many of us inside our homes during 2020, the home renovation market boomed. Not only were we more at home living and working than ever, we also wanted our homes to work and look better than ever.
In a newly released 2021 Cost vs....
Key Highlights
Rochester NY began taking off as remote workers searched for more space and affordability
North Winton Village one of Rochester’s older neighborhoods
Rochester NY on Buyers’ Radar
To the south of Lake Ontario, Rochester NY has a prominent history as the home to Susan B. Anthony, Frederick Douglas and brand name companies such as Kodak and Xerox. Its economy...
Key Highlights
Skyrocketing prices outweighing benefit of low mortgage interest rates
Median sales prices higher in 182 of 183 metros tracked by National Association of REALTORS®
Far-Flung Boom in Home Sales and Price
Homes are flying off the shelves in most every part of the country. One of the results from this rush to buy? The number of active listings on...
1. DEFINITIONS...
What is Inflation? A general increase in prices and fall in the purchasing value of money.
What is appreciation? Increase in monetary value.
Appreciation is when the 'intrinsic value' of something, like a house increases. This is not the same as 'price' or 'cost', we are talking about VALUE, as in, something grows more valuable.
How does something actually gain...
Key Highlights
Home sales expected to jump in 2021…ease in 2022
Construction activity shifting to single-family homes
Canadian Home Sales to Shift from “Unsustainable” to Moderate by 2022
The Canadian housing market continues to push through the roof as low interest rates, demand for more space and annual price gains have reached more than 20% - 30% in some communities.
According to...
Key Highlights
Fewer potential buyers think now is good time to buy
Competition for housing continues to be tight
Sentiment at Record Low in Fannie’s Home Purchase Sentiment Index
Potential homebuyers are becoming increasingly pessimistic about home buying these days.
According to Fannie Mae’s monthly Home Purchase Sentiment Index, the share of potential homebuyers who said that now was a good time to buy...
Key Highlights
North Hills in Raleigh NC - Part I
North Winton Village in Rochester NY – Part II
Emerging Class of Bright Spot Neighborhoods in Secondary Cities
We all know that the COVID pandemic has accelerated the emergence of affordable and animated secondary cities.
Standout neighborhoods located within these secondary cities are primarily, but not entirely, found in the South and...
1. Virtual Workplace... the new normal.
The pandemic strapped rocket boosters to a trend that was already happening: Work from home. What used to be a rather unusual request for most, became required in 2020, on into 2021... This means that freedom met opportunity to live where you wish and that working from home or 'remotely' has become normal. Choice...
