Naples Daily News - January 2021 In his more than 30 years of selling homes in Southwest Florida, in fact, Grimes said he's never seen such a big year-over-year leap in luxury homes sales. After crunching numbers to figure out how many ultra-luxury homes sold in Southwest Florida last year, real estate market expert Denny Grimes had a hard time believing what he saw on paper. He did a double take, then reviewed and recalculated the sales again — … [Read more...]
2021 Will Likely See the Most Robust Housing Market in 15 Years
Mansion Global - December 14, 2020 According to a newly released Redfin report, the U.S. housing market will get stronger through 2021, as the economy recovers from the pandemic-driven recession. Home sales, new construction and home ownership are predicted to rise to record highs. According to Tuesday's report, Annual home sales are expected to rise more than 10% in 2021. According to Daryl Fairweather, chief economist of Redfin “Even as the pandemic hopefully nears its end, … [Read more...]
Resort and Second Home Rising Popularity
Resort and second home properties can be located anywhere! They are becoming more and more popular in small towns, as well as the coastal cities and mountains. In this episode, Holly Mabery joins Monica to talk about her own experience working with investment and second home clients in Sedona, AZ. She shares ideas for marketing, building connections with buyers, and highlighting what’s so special about your community. More and more, real estate is becoming a great leverage tool. Home … [Read more...]
Does the Current Health Crisis Have Buyers Re-thinking the Perfect Home?
The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban or rural life (less congested). The fascination with an open floor plan seems to be fading as people are finding a need for more privacy while working from home. Recently, news.com released … [Read more...]
Think This Is a Housing Crisis? Think Again.
With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis … [Read more...]
Looking to the Economic Future: What the Experts Are Saying
Our Economic Future As our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a cycle of downturn followed by economic expansion like we’ve seen play out in the U.S. economy many times over. Here’s a look at what leading experts and current research … [Read more...]
Five Good Reasons to Become A Florida Resident
Tax-Friendly Florida - Florida might offer the best homestead exemption in the country Many states raise tax rates when they're struggling to collect revenues. The well-to-do and even the not so well-to-do begin looking for ways to minimize their income tax obligations. And some states with income taxes also collect state death taxes as well. When these two taxes are coupled together, it can provide a huge incentive for individuals to look for a more desirable and less taxing place to … [Read more...]
34 Trends That Will Define Home Design in 2020
To get an idea of what’s to come, we browsed thousands of home design photos, spoke with countless home design professionals, consulted the latest Houzz data and research, and looked at past articles to create a snapshot of home design trends we think will excite homeowners in 2020. It’s not only a new year but a new decade. And what the months and years ahead will bring is anyone’s guess. One thing is for sure, though: The modern home and how people choose to live in it will constantly be … [Read more...]
Staging your Luxury Home to Sell
Staging for Success According to National Association of REALTORS® 2017 Profile of Home Staging, seventy-seven percent of agents representing buyers said that a staged home helped their buyer visualize themselves living in the home and forty-nine percent of those agents said that staging a home impacted their buyers’ impression of the property. Staging a home for sale has also shown an effect on buyers’ offers to purchase the home. Offers are augmented between one to five percent for a staged … [Read more...]
Housing Market Check-In
Housing Market - 6 Expert Predictions for the Second Half of 2019 A. Yale - Forbes.com The year has so far been a promising one for would-be home buyers. The seemingly unending rise in home prices started to slow and mortgage rates dipped to unexpected lows. Both were good news for Millennials who—despite the never-settle-down stereotype—are yearning to become homeowners. Still, despite suggestions that a buyer’s market might be on the horizon, that dream has yet to be realized. … [Read more...]