Home values nationwide have nearly recovered from their July 2006 peak Several metro areas have fully rebounded from the downturn. CHARLOTTE, NC, is less than 1% below its previous high… The strong job market, as well as low gasoline prices, helped bolster Americans’ confidence again this month, with the Conference Board saying that its consumer confidence index rose to 98.1, from 96.3 in December, the second consecutive monthly gain. The Carolina’s (Charlotte) – which impacts surrounding areas is also on FORBES list of top areas for someone to invest in housing for 2016!
There’s been a trend of baby boomers and retirees moving in with their adult children. This growing trend is being seen across the country. Over the next 40 years the 65+ population will reach 92 million who’d rather live with us than move into assisted living.
Multigenerational family living is defined as a household with two or more adult generations or one that includes grandparents and grandchildren.
You’re doing the real estate thing & you think its going pretty well….any info you need is at your fingertips online, right?
You need a Realtor® if you want to do it right.
- They have loads of expertise
- They have turbocharged searching power
- They have bullish negotiating chops
- They’re connected to everyone
- They adhere to a strict code of ethics
- They’re your sage parent/data analyst/therapist—all rolled into one
For us, few things are as alluring as an all-marble kitchen. A huge countertop sheathed in Carrara or Calacatta is better than…well, lots of things. But there goes that function issue again. Marble requires diligence. If you’re not meticulously clean and constantly attentive to things like your kid’s juice cup or your wine glass, you could end up wishing you’d gone with quartz.
How do you live? Are you the type of homeowner who picks up after yourself after each use in the kitchen? Or are you a busy on-the-go homeowner, where a kitchen counter wouldn’t get wiped down until the next morning? Acid from substances such as red wine, marinara sauce, blueberries and even lemons can tarnish the look of the marble if left to sit overnight.
6 Important Things To Know About New-Home Upgrades
Getting ready to buy a brand-new house? Moving into a home that no one has ever lived in before is incredibly exciting. So is picking out all your finishes so everything really suits you. But there are several important factors to keep in mind when it comes to the upgrades and options that are offered by the builder, starting with the fact that anything you choose beyond what is considered “standard” will raise the price of the home.
The home price is just the starting point
When considering where to spend, concentrate on the kitchen first. “The kitchen is the heart of the home, the spot where you will spend the majority of your time and make the most memories. “It can never be overly well equipped. Pay special attention to cabinets and appliances, as this is what future buyers will focus on, as well as the tools you will use every day.”
Thinking about Buying or Selling? NOW IS THE TIME!
If you are on the fence about buying or selling a home, now is the time to do it before a rate hike!
The Federal Reserve’s meeting is Wednesday September 16th and Thursday the 17th. This event is one of the most anticipated Fed meetings in a generation. Global traders have debated the timing of the first rate hike since the beginning of 2015. The voting members of the Fed are as divided as economists. The debate has played out all year and the uncertainty has caused wild price swings in all asset classes (stocks, bonds, commodities and currencies). At times the wild price swings have hit a hyperbolic state with movements in stocks of greater than 1000 points.
Why the drama? The last time the Fed hiked rates was almost a decade ago. Put another way, the kids that recently started their senior year at high school were in second grade the last time rates were hiked. The Fed dropped rates to zero and embarked on a series of other accommodative measures to kick-start the economy in response to the Great Recession of 2008.
The Fed has two mandates from Congress, full employment and price stability.
Jobs: Hiring is strong and by many measures the mandate is fulfilled. The most recent BLS report showed a downtrend in hiring with 173,000 jobs added versus the expected 220,000 in August. That report did little to provide clarity to future Fed actions. The Fed would like to see wages rise. The middle class has not seen wages rise above inflation since the 90’s. With 67% of the economy driven by consumer spending, a pay raise to the middle class would be beneficial to the overall economy as long is inflation does not get loose.
Price stability is another issue. Inflation has been stubbornly low. Europe is battling deflation. While it sounds like falling prices would be a bonus for consumers, it actually causes them to delay purchasing goods and services opting to wait and see if they can get a better deal later. This causes an economy to contract (lower GDP) and can create a “death spiral” for economic output. One irony the Fed faces is the US dollar. Global commodities are priced in dollars. When the Fed raises rates the dollar will strengthen and commodities will get cheaper, creating a downward push on inflation. In addition, a strong dollar makes imports cheaper further pressuring inflation to the downside.
Other considerations the Fed is facing include China, Europe, emerging markets and the potential for another global recession. China’s economic output (Gross Domestic Product) is falling which is causing pain in many emerging markets. China’s appetite for raw materials such as copper, coal, steel and cement to name a few has supported many other countries that export to them. Many emerging markets such a Brazil have borrowed heavily in US dollar dominated debt because it was cheaper. As the US dollar becomes stronger versus the home currency the cost of the loan rises in the home country. Rising borrowing costs and lower economic output because China is slowing has the potential to cause another market route.
Global traders are not as concerned over the first rate hike. It is what happens next that causes them heartburn. Low interest rates have helped many companies and consumers in the past 7 years. However, at some point the Fed has to take away the punch bowl or another crisis will emerge as bubbles pop.