The Best of the Week
December is the unofficial month of Prognostications. I’m enjoying the articles I’m reading and decided to pull out my crystal ball too. Here are my picks for best Real Estate articles of the week – Dec. 6
Real Estate Predictions for 2015
- According to Zillow, next year will be the year of the Millenial home buyer. While Zillow studies may elicit scepticism from some Realtors, several other sources are predicting similar things: Realtor.
com Chief Economist Jonathan Smoke referred to “Gen Own” evolving from “Gen Rent”.
- Rising rents and the slow-down in home price growth will combine to create an attractive environment for first-time home buyers. [Notice that I said ‘slow-down in price growth’ – meaning prices are still climbing, just not at the pace they were in 2013 and 2014.]
- The trend is…houses are selling. In 2014, sales were up in every price range except for the under $100,000 range, according to NAR (National Association of Realtors) statistics. We have every reason to believe that sales will continue because demand will continue in 2015. Check out this chart from KCM blog:
- And this chart from KCM shows the projected home sales for 2015 and 2016 from three credible sources:
- Although we expect home prices to rise in 2015, they will be at a slower pace than 2014, which was a bit slower than 2013. Here is a chart from Housingwire with predictions for home prices from a survey by NAR: (note that Maryland is supposed to see a growth of 2% to 3%.)
Real Estate Articles for Sellers
- Five Reasons To Sell Your Home in the Winter by yours truly.
- Should I Sell or Rent My Home? If you’re considering moving up, you may be asking about renting out your home. Dan Seim, of Preferred Residential in Bend Oregon, covers the basic questions that need to be asked.
- What if you’ve already moved to your next location and your house is on the market? Kyle Hiscock, Rochester Real Estate Blog, has written a very informative article: Ten Tips for Selling Your Vacant Home.
- Sellers: This is an important read from our real estate friends in South Africa, Immoafrica: Ten Ways to Chase Away Your Buyer (some things about selling a house are universal!)
- Millennials are the winners with the lowest unemployment rate at the end of this year, from Business Insider. Jobs for Millennials are being created at a faster pace than for other demographics. Again, Jonathan Smoke of Realtor.com (newly owned by News Corp) predicts a mini baby boom and an uptick in real estate purchases as more Gen Y’s form households. (They’re moving out of Mom & Dad’s House!)
- Two points of view regarding November’s job reports: 1) “There is every indication that the rate of improvement is getting better.” Forbes Job Report: U.S. Economy Added 321,000 Jobs In November, Unemployment Steady At 5.8% and 2) “Millions of Americans still need jobs. Millions more have just given up looking.” What’s Behind November’s Remarkable Job Surge?
- Five Holiday Shopping Traps to Avoid
- 11 Wines That Make Great Holiday Gifts for Under $16, hint-hint
- Girl Scout Cookies are now sold online. Yes, that’s important! All the little girls in my neighborhood grew up and it’s been difficult for me to find those Samoa’s. Now, I can get my fix!
As you might guess, there were several laments regarding the loss of important business lessons that girl scouts may learn from door-to-door sales. But there are many important 21st Century business lessons that girl scouts will gain from going online with cookie sales: Why It’s Important for Girl Scouts Cookies to be Sold Online.
As someone who geeks out on the opportunities in the digital space, I think it’s a great thing. I’m looking forward to the online marketing these brilliant young entrepreneurs will offer the world.
Comments are Welcome!
[photo credit: Mike Licht on flickr]