As the days grow longer and the world around us blooms with vibrant colors, we find ourselves filled with renewed energy and optimism. This month, we invite you to embrace the beauty of growth and change, both in nature and in our own lives.
Spring is our favorite time of year in real estate. The landscape and flowers are in full bloom, making homes and neighborhoods look their best. There’s nothing quite like the sight of lush gardens and blossoming trees to inspire dreams of new beginnings and fresh starts in a beautiful new home.
Remember, every day is a new opportunity to shine. Let’s make the most of this beautiful season together.
If you have any questions, please do not hesitate to reach out.
Ready to find your perfect match? Contact me today and let’s make your real estate dreams a reality!
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Rents are the biggest remaining obstacle for the US Federal Reserve in bringing inflation back down to its 2% target. The CPI tracks two kinds of rent. One is the rent of primary residence, which covers housing costs facing tenant-occupiers. The other is OER, which tracks changes in what hypothetical rents would be if owners were to lease their properties instead of owning them. Looking at this so-called imputed rent lets the CPI focus on the cost of the shelter a property provides, without considering any change in its value as an asset. (Bloomberg)
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Living next to the ocean is wonderful, but many construction materials don’t love salt water: Salt reacts with insulation on wires and the wiring itself, as well as with metals such as zinc, iron, steel, and concrete. Just about all materials used to construct your home are vulnerable to damage from salt water. Salt suspended in water is highly reactive because it carries an electrical charge. Granite is one of the most durable coastal materials.
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The U.S. now has 550 “million-dollar” cities where the average home value is at least $1,000,000, up from 491 at the same time in 2023.
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When prices rise too far, too fast, you hit a wall of resistance: the estimated number of per-person restaurant visits (from fast food to fine dining) dropped to a 28-year low of 185. Per-person restaurant visits reached a peak of 216 in 2000 and have fallen steadily since 2008. (TSG Wealth Management)
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78% of Global luxury homes saw prices increase year over year during the first quarter. In the markets where prices dropped, the rate of decline is slowing: a year ago, 9 markets saw annual price decreases of more than 5%, and this year, just one, Frankfurt, Germany, saw prices fall by that much. Manila in the Philippines saw the biggest jump, 26.2%. Followed by Tokyo, Mumbai, Delhi, and Perth. In the U.S., Los Angeles saw the largest increase in home prices at 8.3% and Miami at 6.6% annually. (PENTA)
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Some 440 nuclear reactors around the world supply about 10% of the planet’s electricity, a share that will have to triple by 2030 to head off the most extreme effects of climate change, according to the International Energy Agency, an intergovernmental research organization. An increasing number of Americans seem to agree: In 2023, 57% supported the use of more nuclear power in the US, up from 43% in 2020. (Bloomberg)
Please let me know if I can ever be of assistance, in any way, to you or your family, friends, and colleagues.
