February

The home features couples debate most

House hunting—much like a relationship—is all about compromise. In the spirit of Valentine’s Day‚ here’s a look at the features most debated by couples shopping for a home1:

  • The items couples disagreed upon: a wood-burning fireplace‚ an in-ground pool‚ hardwood flooring‚ an outdoor bar or barbecue area‚ and a finished garage.
  • Couples were on the same page when it came to energy-efficient appliances‚ newly renovated bedrooms and bathrooms‚ security systems‚ and finished basements.
  • Nearly one in four surveyed said their home does not have all the features their partner considered important.

I hope you find this information to be helpful. Happy Valentine’s Day!

1“Homeowners’ most wanted: exploring the top features people look for in a home‚” Porch.

February

Massachusetts:
a family-friendly state

There aren’t many states better than Massachusetts for raising a family. In fact‚ according to a recent study‚1 there’s only one. Check it out:

  • WalletHub compared states across 50 categories that indicate family friendliness‚ such as median family salary‚ child care costs‚ violent crimes per capita‚ and infant mortality rate.
  • Massachusetts ranked second in the country behind only Minnesota.
  • Vermont (fourth)‚ New Hampshire (fifth)‚ and Connecticut (ninth) also represented New England in the top 10.

Please contact me if you need assistance. I am always here to help.

1Adam McCann‚ “2020’s best & worst states to raise a family‚” WalletHub‚ last updated January 7‚ 2020.

February
NAR’s State Economic Impact Report

How much does the housing market affect a state’s economy? It’s an important question the National Association of REALTORS® answered with its State Economic Impact Report.1

The report measured the total impact generated by a home sale. This includes‚ among other things‚ income generated from real estate industries‚ expenditures related to a purchase (such as furniture and remodeling expenses)‚ and new home construction costs.

Here in Massachusetts‚ the total impact is $117‚650. Overall‚ the real estate industry accounted for 18% of gross state product. Full state reports can be found here.

1“Economic impact of a home sale‚” National Association of REALTORS®.

February

A look back at first-time buyers

Since 1981‚ much has changed with first-time homebuyer demographics. The National Association of REALTORS® took a look back and found the following1:

  • The average first-time buyer was 29 years old in 1981; first-timers were 46 in 2018.
  • In the early 80s‚ 68% of first-time buyers were married couples, 13% were single males‚ and 12% were single females.
  • In 2018‚ married couples made up 54% of first-time buyers – followed by single females (18%)‚ unmarried couples (16%)‚ and single males (10%).

As always‚ I enjoy sharing relevant market data. Please contact me for more information.

1Meredith Dunn‚ “Throwback Thursday: First-time homebuyers then and now‚” Economists’ Outlook Blog‚ last updated January 10‚ 2019.

February

Top choices for remodelers

The 2019 Houzz Kitchen Trends study1 analyzed kitchen remodeling choices from the past year. The findings may help customers narrow down their design choices.

  • ‘Transitional’ – which combines modern with traditional – is the #1 style choice (21% selected it). Contemporary and farmhouse are also popular.
  • Shaker is the top choice for cabinets (57%) followed by flat panel and raised panel. As for color‚ white (43%) beats wood (25%).
  • Most homeowners (54%) mix different finishes in hardware and fixtures. The most popular choices: nickel‚ chrome‚ and stainless steel.

Please contact me if you need assistance. I am always here to help.

1Erin Carlyle‚ “Top kitchen styles and cabinet features in kitchen remodels‚” Houzz‚ last updated January 16‚ 2019.