Carolina Senior Transitions
  • Home
  • About Us
  • Why a SRES?
  • Selling?
  • Buying?
  • Our Team
  • Contact Us
  • Blog
  • About Charlotte
  • Vendor Partners
  • Local Events

Sales at Highest Pace in 10 Years!

1/28/2017

0 Comments

 
Picture
​Highlights:
  • 5.45 million existing homes were sold in 2016! This is the highest mark set since 2006.
  • Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.
  • The median price of homes sold in December was $232,200. This is the 58th consecutive month of year-over-year price gains.
0 Comments

Top 3 Things Second-Wave Baby Boomers Look for in a Home

1/11/2017

1 Comment

 
Picture
According to data from the U.S Census bureau, there are approximately 76.4 million baby boomers living in the United States today. Contrary to what many think, there are very different segments within this generation, and one piece that sets them apart are their housing needs.

John McManus, editorial director of Hanley Wood’s Residential Group says his company “is focusing on the preferences of the younger half, or second-wave baby boomers, as they exhibit different needs than the older boomers.”

What are ‘second-wave baby boomers’ looking for?

McManus says, “They are seeking a fun, dynamic lifestyle with a home that can also adjust to their changing needs in the future. Living space should either include accessibility features, such as doorway space, lower shelves, and nonslip surfaces, or be easily adjustable when the time comes.”
​
In a homebuyer study performed by The Farnsworth Group, the participants revealed their reasons for purchasing a new home. The top three factors that influence their purchase include area/location (50.2%), price/affordability (37.4%), and the layout of the home (19%) (as shown in the graph below).
Picture
The report also found that when buying a new home, there were other concerns like quality of construction (9%), a safer neighborhood (8.4%), better floor plans (8.25%). The most important rooms or areas are the kitchen (82.8%), master bedroom (59.2%), and great room (36%).

Technology also plays an important role! 
Second-wave baby boomers prefer wireless security systems (7.1%), lighting that senses and adapts to them (6.3%) and integrated home technology, including “smart” thermostats and lighting controlled by a smartphone (6.2%).

Grey Matter Research and Consulting points to a sense of community as a major factor in wanting to purchase:

“The first impressions are important when entering a new community, as is feeling welcome in the community. Amenities such as clubhouses, pools, and walking trails featured prominently in the decision to purchase in a community. Location was key, as residents want their new homes to be near shopping, dining, medical services and entertainment.”

Bottom Line
If you are one of the many ‘second-wave’ baby boomers who is starting to feel like their current homes no longer fit their needs, take advantage of the low inventory of existing homes in today’s market by selling your current home and moving on to one that truly fits your new lifestyle.
1 Comment

5 Reasons to Resolve to Hire a Real Estate Professional in 2017

1/1/2017

0 Comments

 
Picture
Some Highlights:
As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team!
There are many benefits to using a local professional!
Pick a pro who knows your local market and can help you navigate the housing market!
0 Comments

    Archives

    June 2019
    June 2018
    March 2018
    September 2017
    July 2017
    March 2017
    January 2017
    December 2016
    October 2016
    September 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • About Us
  • Why a SRES?
  • Selling?
  • Buying?
  • Our Team
  • Contact Us
  • Blog
  • About Charlotte
  • Vendor Partners
  • Local Events