RE/MAX Chairman Dave Linger Comments on Market in Personal Investor Magazine
September 3rd, 2010 categories: Investors/Landlords, Real Estate Market
Dave Liniger, Chairman & Co-founder of RE/MAX offered some comments on the real estate market for investors in the September/October edition of Personal Investor Magazine. Click here to read the full article
Of particular interest to me are his comments on the major demographic trends in real estate:
Liniger says that Millenials will be buying homes sooner than people in Gen X (my generation); however, with the first wave of Millenials in their early to late 20’s, we haven’t seen that yet. The logic used to be that the Millenials would be the beneficiary of their parents’ wealth (Baby Boomers) and would have Mom & Dad help finance their home purchase. But with the economy, pensions, employment prospects all on the decline, I think Millenials are just as happy to stay home with Mom & Dad for a while and Mom & Dad can’t afford to contribute.
Colleen Edwards interviewed generational researcher, Chuck Underwood, on her blog, The Real Story, and he also thinks is the case…for now.
However, this leads to another trend I’ve talked about for a few years: multi-generational housing. What type of houses do 2-3 generations of a family want to buy? It needs to be large enough to accommodate everyone. It needs to have separate living areas. Maybe it’s a multi-family home or a home with an in-law? Maybe it’s a large home with two levels and two kitchens?
Liniger calls this “cross generational,” and thinks it will have an impact on our housing market. I think, however, it’s not only a trend among recent immigrants. If your family history included a time where family members of a different generation lived together, even if it was 50 years ago, the idea isn’t that unusual.
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Open House & Feral Cat Food Drive - September 12th, 12-5 PM
September 2nd, 2010 categories: Central Connecticut News & Information, Pets & People
I’m hosting a very special Open House on September 12, 2010, from 12 -5 PM at my listing at 46 Saint James Avenue in Enfield to benefit Our Companions Domestic Animal Sanctuary. I’m doing an extended Open House to collect dry and canned cat food to help feed cats in Our Companions Sterile Feral program.
Stop by with your cans or bags of cat food (or donations) and take a tour of this fantastic house. It’s conveniently located just minutes from Enfield Square Mall and exit 48 off Rt 91. Take Elm Street to Freshwater Blvd to Saint James Avenue. There will be signs.
Two years ago, I hosted a very successful Feral Cat Food Drive in my office one weekend in December. In two days, I collected approximately 650 lbs of cat food to feed hungry feral cats. This was but one car load.
This year, I hope to do better than that but I need help. Pass this along if you know anyone who might be interested.
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West Hartford Leisure Services Fall/Winter 2010-2011 Programs
August 31st, 2010 categories: west hartford
West Hartford’s outdoor pools have closed; which must mean it’s time for back to school and the fall parks & rec programs.
West Hartford Leisure Services recently announced their Fall/Winter 2010-2011 programs.
Fall/Winter 2010-2011 Program Brochure
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What? My Front Load Washing Machine is Growing Mold
August 11th, 2010 categories: Home Owners
Lately, I’ve noticed a rather funky smell coming from my laundry.
My initial reaction? Blame my husband, of course. I stopped washing my clothes with his clothes, thinking that this eau d’gym sock was because my fresh smelling clothes were intermixing with his odiferous work clothes.
But after a few weeks of laundry apartheid, my laundry was actually smelling worse. My next step was to be more diligent about using fabric softener sheets and drying my clothes until they were crispy.
I finally realized I was facing a larger problem when I began to notice that everyone in my house smelled bad, except the dogs. The dogs actually smelled better than we did.
I headed over to my laundry room and discovered the culprit.
My front loading washer. Read the rest of this entry »
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Tax Credit Extended for Military Members
July 30th, 2010 categories: Home Buyers
Thanks to Brandon Fischer from VABenefitsBlog for this guest post.
Real estate agents were super busy this year as many families took advantage of the $8,000 tax credit for first time homebuyers. Millions of people cashed in, according to the Internal Revenue Service. Because of the sheer number of applications sent in, the IRS was delayed for weeks. Some people are just now receiving their returns!
Unfortunately, for the average population, the time for the tax credit has passed. However, military personnel still have until April 30, 2011 to sign a sales contract and June 30, 2011 to complete the sale. That’s one whole extra year to still be able to claim the tax credit.
via JColman
The extension was enacted because of the many service members still on active duty. They do not have the time to search for a home much less think about claiming a tax credit. So, the government hopes the extension will give such persons who start to return home the ample time to find and buy a home. Read the rest of this entry »
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