I just became a member of the National Association of Senior Advocates to better serve the senior population and market. This organization is noted for their reliability, integrity and are a verified organization. Protecting seniors from misinformation and more services. Members such as myself are verfied professionals who specialize in the unique needs of older adults. This is one of my true passions and specialties. Get in touch if you or someone you know needs my guidance or just has questions.
The news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand exactly what’s going on and what it means relative to the road ahead. We’ve talked before about what experts expect in the second half of this year, and today that progress largely hinges upon the continued course of the virus.
A recent Wall Street Journal survey of economists noted, “A strong economic recovery depends on effective and sustained containment of Covid-19.” Given the uncertainty around the virus, we can also see what economists are forecasting for GDP in the third quarter of this year (see graph below):
Overwhelmingly, economists are projecting GDP growth in the third quarter of 2020, with 5 of the 9 experts indicating over 20% growth.
Lisa Shalett, Chief Investment Officer for Morgan Stanley puts it this way:
“Indeed, the ‘worst ever’ GDP reading could be followed by the ‘best ever’ growth in the third quarter.”
As we look forward, we can expect consumer spending to improve as well. According to Opportunity Insights, as of August 1, consumer spending was down just 7.8% as compared to January 1 of this year.
An economic recovery is beginning to happen throughout the country. While there are still questions that need to be answered about the road ahead, we can expect to see improvement this quarter.
What do you think?DOWNSIZING MOST FREQUENT ASKED QUESTIONS:1. Should I sell my home or stay?2. Where should I move to?3. What do I do with all my house hold items?Call Blaze to get all your answers, no pressure!!! 978-697-7429
I understand how difficult selling a family home can be both stressful and emotional.
As a seasoned realtor, I specialize is downsizing and have earned the prestigious Certified Senior Housing Professional from the Senior Real Estate Institute.
Awarded only to the selected number of elite real estate professionals in any market, the CSHP designation equips senior housing professionals to serve the distinct needs of seniors and their families with an unsurpassed level of compassion, expertise and connectedness.
Demographic shifts and improvements in life expectancy have given rise to senior housing options that far exceed those of previous decades. CSHPS are not only in touch with the full range of options within their communities, they have specific skills needed to help seniors to get where they want to go - unraveling the complexities involved in downsizing and selling a family home.
Despite the fact that seniors are the fastest growing segment of the population, this segment of the market remains largely underserved.
I have a clear vision of how at the real estate marketing is evolving, and have access to trusted experts within the North Shore market, in order to serve senior clients and their families at the highest level. I can help you tap into all of these valuable resources to ensure a smooth transition while supporting your needs.
Let me know how I can be of help to you and your family.
SIMPLIFYING YOUR LIFE SHOULD LEAVE YOU OVER JOYED, NOT OVERWHELMED.
Somewhere between touring new homes, sorting through your possissions, choosing a new place to live,
and deciding what to take and what to leave it suddenly hits you: downsizing is a lot of work!
contact me, Blaze Johnson, firstname.lastname@example.org, 978-697-7429 to receive a free
handy guide to walk you through the 5 EASY STEPS.
Open House tomorrow 11-12:30pm. A great opportunity to put your own touch on this property and make this home your own in serene Ipswich.
Please come by the open house or message us with any questions.
|BEAUTY BUT NO BEAST IN THIS HOUSE. MAGNICIFANT COLONIAL with beautiful grounds including a heated pool. (Think Summer) 4 large bedrooms with 2.5 baths. Master bedroom includes a dressing room and make up area for the ladies. (or Men) Gleaming and I mean gleaming hard wood floors throughout the entire house. House has been entirely painted with pottery barn in mind. Renovated eat in kitchen with numerous cherry cabinets and granite counter tops. Cathedral ceiling Great Room with picturesque fireplace. Like space to do laundry? Your own large laundry room off the kitchen. Detailed molding and chair railing surrounds this spacious formal dining room. Want quiet time or formal entertaining enjoy your bright formal living room. Need extra space? Another fire place family room that can be used for office, play room and leads to a deck overlooking the lovely fenced in yard. Newer roof, new windows, new heating system adds to the many, many extras this home has to offer.|
Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five reasons purchasers should consider buying before the spring market arrives:
Supply Is Shrinking
With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.
Price Increases Are on the Horizon
Prices are projected to appreciate by over 25% from now to 2018. First home buyers will probably pay more both in price and interest rate if they wait until the spring. Even if you are a move-up buyer, it will wind-up costing you more in net dollars as the home you will buy will appreciate at approximately the same rate as the house you are in now.
Owning a Home Helps Create Family Wealth
Whether you are rent or you own the home you are living in, you are paying a mortgage. Either you are paying your mortgage or your landlord’s. The Fed, in a recent study, revealed that the net worth of the average homeowner is 30 times greater than that of a renter.
Interest Rates Are Projected to Rise
The Mortgage Bankers Association, the National Association of Realtors, Freddie Macand Fannie Mae have all projected that the 30-year mortgage interest rate will be over 5% by the this time next year. That is an increase of almost one full point over current rates.
Buy Low, Sell High
We would all agree that, when investing, we want to buy at the lowest price possible and hope to sell at the highest price. Housing can create family wealth as long as we follow this simple principle. Today, real estate is selling ‘low’ compared to where it will be next year. It’s time to buy.