Friday, December 2, 2016

FRIDAY - pulse check



- 5TH CELEBRITY LUNCHEON
- Post-Election Economy to Result in Higher Mortgage Rates
- S&P Corelogic Case-Shiller Index Reaches New High
- Listing your home in spring is great but listing in winter pays off, too
- Early 2017 is time to trade up
- Mountain View's 180: Increase housing stock by half
- Houzz Tour: Designer Divides and Conquers a Big, Open Loft

Enjoy!

5TH CELEBRITY LUNCHEON - The Silver Creek Sportsplex Foundation would like to invite you to the fifth annual celebrity luncheon. The foundation raised over $50,000 at last year’s event, which was a substantial increase over the prior years. This could not be done without the help of all our participants and sponsors. Because of this event we have been able to increase our assistance for disadvantaged children to play in organized sports. Since the foundation’s organization in 2008, the foundation has provided over $98,000 in grants to children. We hope to see you at the event! If you cannot make, we hope that you can help the children with a sponsorship. Please look at all the prior year sponsors on the website “foundation sponsors”.

Post-Election Economy to Result in Higher Mortgage Rates - The 2017 housing market will be a year of slowing, yet moderate growth, set against the backdrop of a changing composition of home buyers and a post-election interest rate jump that could potentially price some first-timers out of the market, according to the realtor.com 2017 housing forecast.

S&P Corelogic Case-Shiller Index Reaches New High - Data released for the S&P CoreLogic Case-Shiller Indices for September 2016 shows that home prices continued their rise across the country over the last 12 months. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, surpassed the peak set in July 2006 as the housing boom topped out. The National index reported a 5.5 percent annual gain in September, up from 5.1 percent last month. The 10-City Composite posted a 4.3 percent annual increase, up from 4.2 percent the previous month. The 20-City Composite reported a year-over-year gain of 5.1 percent, unchanged from August.

Listing your home in spring is great but listing in winter pays off, too - Certainly, the spring season is the best time to list a home. Home owners have a better chance of selling for more than the list price in the spring, and there's a greater likelihood for going under contract within 30 days. However, the spring season just barely budged out the winter as the best time to list, according to a new study by the real estate brokerage Redfin. Also, sellers will often find less competition in the winter, allowing their home to stand out more.

Early 2017 is time to trade up - Buyers looking to trade up are in the housing market’s sweet spot – and experts think the beginning of 2017 should be a particularly good time to strike. Over the five years between 2011 and 2016, the average price on a two-bedroom house climbed 59% nationwide, while four-bedroom houses rose a more modest 41%, according to an analysis by Attom Data Solutions. Inventory has also risen at the higher end of the market, climbing almost 8% for homes in the $500,000 to $750,000 range. If you’re in the reverse position - prepare yourself. Inventory has tumbled among less expensive homes. Small homes have seen much sharper price growth than larger ones, and urban areas have appreciated faster than metro outskirts. Both trends are expected to continue in 2017.

Mountain View's 180: Increase housing stock by half - The City Council of Mountain View, home base to Google Inc., hopes to increase its housing stock by as much as 50 percent, including up to 10,000 units around the tech giant’s main campus. Mountain View’s political evolution, from anti-growth to pro-construction, suggests that housing costs have reached the point where even highly paid tech workers are struggling the tide is slowly shifting away from resisting growth at all costs and instead trying to channel it. And the city’s Silicon Valley neighbors are taking notice.


Houzz Tour: Designer Divides and Conquers a Big, Open Loft - Clever design and a creative use of space turn a loft in a historic building into a cozy, light-filled haven. Some of my faves:


Whitney Condo Downtown Minneapolis

Whitney Condo Downtown Minneapolis

Whitney Condo Downtown Minneapolis

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