June

Market trends to consider

As you know‚ staying up-to-date on the latest real estate trends is essential. Here are the top factors influencing today’s buyers and sellers – as discussed at the National Association of REALTORS® 2019 Broker Summit1:

  • Staying put. The time spent living at a property is increasing. In 2018‚ the average owner remained in a home for nine years.
  • Children & parents. Just 34% of buyers have children – an all-time low. Additionally‚ one in six Generation X buyers purchased a home to share with their parents.
  • Expectations. Nearly 40% of real estate professionals said television shows that depict the buying and selling processes impact business.
  • Student loan debt. Borrowers with student loan debt carry an average amount of $41‚200.

As always‚ it is a pleasure staying in touch and sharing helpful information.

1Erica Christoffer‚ “Eleven real estate trends to keep on your radar‚” REALTOR® Magazine‚ last updated April 22‚ 2019.

June

Tips for safeguarding luggage

Damaged or lost luggage is an all-too-common occurrence for airline passengers. Share these travel tips with customers1:

  • Use a TSA-approved lock. Ten percent of checked bags are chosen for additional inspecting by the Transportation Security Administration. TSA-approved locks allow screeners to safely open them with a master key.
  • Invest in protective covers. A plastic or fabric cover can prevent external damage.
  • Consider luggage tracking. Many airlines offer apps that allow travelers to track a bag’s location.
  • Keep a record. Photograph bags and their contents. This will make the process easier should a claim need to be filed.

I hope your customers find this information to be helpful.

1Barbara Peterson‚ “Smart ways to protect your luggage‚” Consumer Reports‚ last updated May 14‚ 2019.

June

A building boom is here

While home construction is up only slightly nationwide‚ the Northeast is experiencing a building boom. From the Commerce Department’s latest report1:

  • As weather improved‚ homebuilding in the Northeast came alive. Housing starts spiked 84.6% from March to April.
  • Nationwide‚ homebuilding was up 5.7% in April.
  • For single-family homes‚ construction rose 6.2%.

As the #1 mortgage company in Greater Lexington for 17 consecutive years‚ Capstone is here to provide guidance and support.

1“Housing starts surged 84.6% in the Northeast‚” Boston.com Real Estate‚ last updated May 19‚ 2019.