Summer Lovin' ♥ & the HOTTEST Trends 🔥

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OG Update 06272021

The HOTTEST Trends

Each year the National Association of Realtors (NAR) allocates tremendous resources towards consumer surveying and data analysis. They produce some of the most extensive economic forecasts in the world. Here are the TRENDS they’re watching: 

🏠  Buying Trend – Second Homes – NAR is seeing a historic high in 2nd homes & vacation rental purchases.

🏠  Living Trend- Let’s Stay for a While – Traditionally people moved every 6 years, now it’s 10 yrs. They’re not switching jobs, marriage rates are down, birth rates are down. 

🏠  Building Trend – Repurposing – We’re starting to see malls & hotels turned into residential developments. The structure & materials are there, so the development time is shorter. 

🏠  Buyer Trend – Buying Blind – In 2020, 3% of buyers purchased properties sight unseen, but NAR reports that number was up to 10% already this year.  Obviously Covid keep buyers at home for a bit, but they are trusting their agents and are more empowered by technology. 

🏠  Living Trend -Multi Generation Homes – More extended families are living together. They can put their money together and buy a bigger house. In the higher end markets, we’re seeing more casitas and ADU’s. 

🏠 Financial Trend – Affordability – It was only a matter of time before price increases made it hard for entry-level buyers to get in. 1st time home buyers have dropped to a 33 year low to 31% (the average is 40%)

We are your connection to economic forecasts.  Call Courtney 512-809-5495 for market data and expert analysis. 

♥ Summer Lovin' ♥

Ahhhh, Summer! Here a a few things we’re loving! 

YOU NEED A LITTLE GLOW UP? 

Are we right? We’re obsessed with these new Pool & Garden Cordless Glowing Orbs with remotes that retail for $79 – $169 at Pottery Barn. Picnics and outdoor living trends had their moment in the sun during the pandemic, but we think that trend will carry on…bring on the sun! ☀

SWOON-WORTHY OUTDOOR LIGHTS! 

Lighting has always been an easy and relatively inexpensive way to transform an interior space, but NOW outdoor lighting is all the rage…from string lights to patio chandeliers! Check out the Circa Lighting Showroom on Burnet. You might see me there… 

COVER IT UP…YOUR PATIO THAT IS! 

A well-designed patio cover can enhance your outdoor living experience and increase the amount of time you spend outside. For any major outdoor structure, you’ll want to work with a professional, like an architect or landscape architect, to make sure your building complies with city codes and is engineered correctly.

Featured Listings

You can count on Courtney’s in-depth local knowledge, deep relationships and industry expertise to give you a competitive edge when it matters most, NOW!

Courtney Oldham | Movings Austin Forward

Courtney Oldham

© Compass 2021 | All Rights Reserved by Compass | Made in NYC

The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.

Courtney Oldham  |  Broker/Owner  |  512-809-5495

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Team Oldham Group | Moving Austin Forward | Courtney Oldham