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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:
🏠 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.
🏠 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.
🏠 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%)
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.
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!
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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.