ReCap

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.

February

Lower inventory a plus for winter sellers

The real estate market traditionally heats up in spring. However‚ listing a home in winter may bring a financial windfall for the seller.1 Here is why:

  • Less competition. Fewer homes for sale can mean buyers have less choices.
  • Cold-weather features are showcased. Such as roofs designed to handle harsh weather or shorter‚ low-maintenance driveways. Newer heating systems and fireplaces can also spark interest.
  • Serious buyers. Winter house hunters tend to be more serious in their searches. When the right property is found‚ they often act quickly.

I am always here to provide helpful information. If you have questions or need assistance‚ please contact me.

1Terri Williams‚ “Six reasons why selling a house in the winter may be the best decision ever‚” Realtor.com®, last updated October 8‚ 2018.

January

Sales expected to grow 3.6%

Many markets are projected to remain hot in 2019 – including Metro Boston.1 According to Realtor.com®:

  • The Boston metropolitan area (which includes the city and most of Eastern Massachusetts) ranks as the 10th best market.
  • The area median home price will hit $496‚710; the number of homes sold will grow 3.6%.
  • The education‚ health care & technology industries are luring Millennials to Boston and its suburbs.
As always‚ Capstone Mortgage is here to provide timely market information. Please contact me if you have questions.

1Alison Underhill‚ “The 10 surprising housing markets poised to rule in 2019‚” Realtor.com®‚ last updated January 2‚ 2019.

October

CapstoneMortgage_2018

Halloween fun facts

In honor of a truly unique holiday‚ here is Halloween-related trivia1:

  • Both Salem‚ Massachusetts‚ and Anoka‚ Minnesota‚ are the self-proclaimed Halloween capitals of the world.
  • Ireland is believed to be the birthplace of Halloween. Trick-or-treating evolved from the ancient Celtic festival of Samhain‚ which marked the end of the Celtic calendar year.
  • In 2013‚ Keene‚ New Hampshire‚ set a Guinness World Record for the most lit jack-o’-lanterns with 30‚581 (breaking a record held by Boston).

However you celebrate‚ I hope the holiday is safe and festive. Happy Halloween.

1Karin Lehnardt‚ “41 spooky facts about Halloween‚” Fact Retriever‚ last updated August 20‚ 2016.