Tag Archives for " Baby Boomers "
Take a look at this beautiful bungalow home for sale that might be perfect for you! The property is located in the Twelve Oaks Subdivision and was built in 1981. Conveniently located close to the outlet mall and uptown, home buyers will love the nearby amenities and charming neighborhood.
The home for sale offers a concrete carport area that parks 2 cars and the floorplan boasts 2 bedrooms and 1 full bathroom on 976 square feet. Its exterior features a fenced yard, screened porch and an outbuilding that's great for storage.
For homeowners with students, Lake Wylie Elementary School, Kennedy Middle School and Metrolina Regional Scholars Academy School are a few of the well-established schools in the area.
Looking for things to do in the area? There are lots of great places to visit in Mecklenburg County! Visitors who enjoy the great outdoors will appreciate kayaking, zip lining and paddle boarding at the U.S. National Whitewater
Center and foodies should stop by the hip, cozy setting of Soul Gastrolounge's for global plates and cocktails. Noda Brewing is a great time for beer lovers and Tuesday is the best day to visit.
Nearby amenities with your daily needs are listed below:
What Goes Around(.77mi)
Mama's Coffee House(5.94mi)
Bojangles Famous Chicken
For complete details on this home for sale including price, square footage and more photos, please visit 1842 Rice Planters Rd Charlotte, NC 28273.
Are you thinking about finally owning your first home? Now is the perfect time! Give us a call at Showcase Realty at 704.997.3794 or send us a message here to get started on your home buying journey!
Not sure what you're looking for in an agent? Consider reading Is Trust an Important Quality for Real Estate Professionals to Possess? to make a more educated decision!
What makes Showcase Realty a fitting real estate consultant for the job? Read Nancy Braun of Showcase Realty LLC Named One of America's Top 1,000 Real Estate Professionals by Real Trends, as Advertised in the Wall Street Journal to learn more about our team and why we're ready to help you find what you're looking for.
Don't miss this charming home for sale with a well-maintained interior and beautiful exterior. The property was built in 1976 and sits near Southpark in the Huntingtowne Farms Subdivision. It boasts 3 bedrooms and 2 bathrooms and the lot sits in a cul de sac with a concrete driveway that allows for 2-car parking.
This cozy home for sale offers home buyers a screened porch area, a wooded yard and a cozy den with fireplace. Buyers will love the master bedroom sitting on the first floor and all of the natural light throughout the house.
Schools located close to the home for sale include Huntingtowne Farms Elementary and Carmel Middle High School.
Mecklenburg county has a lot of beautiful places to visit and lots of things to do. Visitors of all ages can enjoy the Carolinas Aviation Museum to learn about air transportation and car lovers should stop by the NASCAR Hall of Fame.
Trying to entertain the kids? Be sure to stop by the Discovery Place for lots of hands-on activities, educational presentations and more.
Nearby amenities to the home for sale include:
Compare Foods Supermarket(1.63mi)
Galaxy Food Center(2.66mi)
Us Fried Chicken(1.66mi)
Winyah Pharmacy Piedmont(4.25mi)
Romero's Super Market(1.85mi)
Two on Earth
For complete details on this home for sale including price, square footage and more photos, please visit 2807 Barcan Court, Charlotte NC 28210.
Do you think that this could be the perfect property for you? We'd love to show you more! Send us a message here or call us at Showcase Realty at 704.997.3794 to learn more about this property.
Are you hesitant about getting help with buying a home? Make sure to read Is Trust an Important Quality for Real Estate Professionals to Possess? to learn about what you might be looking for in an agent.
Why you should trust Showcase Realty? Take a look at Nancy Braun of Showcase Realty LLC Named One of America's Top 1,000 Real Estate Professionals by Real Trends, as Advertised in the Wall Street Journal to learn more about our team! We want you to find the house of your dreams at the price you want! Check out Carly Found Her Forever Home. Although Some Bumps on the Way! To hear a recent success story from one of our clients.
Experienced homeowners will tell you that it's all about location when you're thinking about where to buy a home. The good news is that they're partly right; location is a very important component of your decision!
However, a lot of home buyers think a “good location” is one that is located in a nice neighborhood, with nearby amenities such as malls, highways, parks and schools. While these are all good things to have nearby, what also makes a good location is being close to your place of work.
Nowadays a lot of people are telecommuting, allowing them to save on time and gas while working from home. This helps for homeowners who live far from their workspace, but the long commute may still be a factor when you're looking for your next home.
Lenders might consider your commute for the overall debt-to-income (DTI) ratio, which can greatly impact the amount of money you can borrow. Whether the seller looks at this ratio or not, buyers should be aware of it. With gas prices and traffic increasing, that extra-long and expensive commute to the office can hurt you financially.
A report from the Center for Housing Policy and the Center for Neighborhood Technology showed that there was a 44% increase in transportation expenses from 2000-2010 for households in large metro areas. According to the U.S. Censes data, many full-time workers (approximately 600,000) have a commute of at least 90 minutes and 50 miles every day.
Many buyers are intrigued by less expensive housing prices, which cause them to overlook the commuting factor. They might also forget to take into consideration how much they'll be spending in gas each month simply because home prices are attractive.
If you purchase a home with a long commute, then you might try asking your company about possible subsidies, carpool arrangements or options for working remotely. You can also use sites that assist with connecting people who live and work in the same area such as Craigslist.com and eRideShare.com.
Some cities do have a sponsored program with free online matching services for carpool or you can try asking your company to adjust hours when you come in and leave to avoid rush hour.
Cities that offer mass transit can be very beneficial to homeowners who have a lot of traveling to do. A bus or train commute gives drivers the chance to relax or even do extra work. Waterway ferries are also an option, offering a very scenic commute to work.
If you're thinking of buying a home, always weigh the pros and cons of your commute.
Do a little research about how far you'll need to go and which option for transportation makes the most sense.
When you buy a home, location is indeed important. Regardless of whether the home is a great price or not, consider the outside factors such as commute to make sure that you're getting a deal that benefits you financially and that you can sustain.
Visit commutesolutions.org for an online calculator that helps to determine how much you may spend a month to help you budget properly.
To assist you with your house hunting, be sure to read 3 Questions You Should Ask Before Buying a Home. New to the area? Check out Moving to Charlotte: Every Home Buyer Should Know This! to learn more!
Still have a lot of questions? Feel free to call us today at Showcase Realty at 704.997.3794 or send us a message here!
Take a look at this quiet home for sale located in Monroe in Union County! The beautiful exterior boasts a brick veneer along with outdoor features such as a workshop area, outbuilding and concrete driveway with multiple parking spaces. Homeowners looking to expand will love the open kitchen with center island, dual vanities in the master suite and 2 cozy fireplaces.
Sought after schools in the area include Rock Rest Elementary School, East Union Middle School and Forest Hills High School.
Looking for things to do? Make sure to visit the Sweet Union Flea Market where a combination of 300 indoor and outdoor vendors sell their local foods, dÃ©cor and goods! The market also includes an indoor restaurant and on-site food trucks to satisfy every visitor.
Kids can enjoy life on the farm at Aw Shucks Farms, a great stop to enjoy corn mazes, an animal barn, bonfires, picnics and a pumpkin market! A visit to the movie theater on the weekend is also a must do at Sun Valley 14. Have a skater in the family? Families might also want to visit Hatley's Skating Rink for some exercise and fun!
Basic necessities in the area include:
Hazel's Coffee House(2.78mi)
Spiro's Hilltop Fish
Monroe Family Pharmacy(3.89mi)
Papa John's Pizza(2.65mi)
Giant Genie Pharmacy(3.7mi)
Vcare Pharmacy Monroe(2.89mi)
Harbour House Shoppes(7.36mi)
Exxon Pump N Munch(4.5mi)
601 Food Mart(6.25mi)
Can you see yourself living here? This home for sale might be the answer to your search! Call us today at 704.997.3794 and schedule a tour to visit this property.
Not sure where to begin your home search? Leave the finding to us. The Showcase Realty team will show you why they're such a great asset to your home buying needs! Read Nancy Braun of Showcase Realty LLC Named One of America's Top 1,000 Real Estate Professionals by Real Trends, as Advertised in the Wall Street Journal to learn more! And don't miss the Top 11 Things to Know When Buying a Home to prepare for your home buying journey.
Questions? We have answers! Feel free to send us a message here!
A study was done by Merrill Lynch looking at baby boomers and their retirement plans. Results showed that there were about 4.2 million baby boomers who moved into a new home last year, with two-third expressing interest in moving at least once in their retirement.
“In retirement, you have the chance to live anywhere you want. Or you can just stay where you are. There hasn't been another time in life when we've had that kind of freedom.”
Reasons cited by baby boomers for moving included the desire to be closer to family (29%) and hoping to lower home expenses (26%).
A study by Freddie Mac showed similar answers, which found that almost 20% of baby boomers had the desire to move closer to children and grandchildren, while only 13% were focused on moving to a warmer climate.
It is generally assumed that retirees always want to downsize once their children leave home. However, while half of retirees did plan to downsize, it was found that 3 in 10 actually chose to upsize to a larger property in retirement.
Some retirees look for a home in a desirable location and wanted more space for vacations, reunions, extended family visits or allowing other members to move in. Merrill Lynch said:
"Retirees often find their homes become places for family to come together and reconnect, particularly during holidays or summer vacations."
Did you know that with the current status of the housing market, mortgage rates are still sitting at historic lows? Now is the time to think about buying, whether it be to upgrade or downsize! At Showcase Realty we would be happy to talk to you about all of the possibilities. Call us today at 704.997.3794 or send us a message here!
Did you know that North Carolina has been recognized as one of the best places for an investment with great ROI? Check it out: Top Places for Real Estate Market Investments in the U.S.
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Though Charlotte’s housing market continues to improve, it may never be able to return to its booming days back in 2006. A fair comparison of the market’s current situation is the construction activity that took place from 1998 to 2003 where the region had an average of 15,000 single-family permits yearly. Last year, Charlotte issued 8,800 permits or almost 60% of the average and 41% of the boom-time average.
“I don’t think we’ll ever return to the numbers we had then. If we got to 18,000 new-home permits, that would be very high cotton,” says real estate analyst at Newton Graham Consultants.
Charlotte’s current market is only solid in areas with active-adults and those with expensive infill projects, however the market remains fragile when it comes to huge developments in remote areas, move up homes, and the first-time homebuyer’s market.
“It’s a hit-or-miss market,” says Wells Fargo Securities Senior Economist Mark Vitner. “What’s been missing is large-tract development. The large tracts of land ready to be built on are way out in the ‘burbs, and demand hasn’t strengthened enough to justify construction that far out.”
In 2011, the housing market was at its lowest point with only 4.505 new homes sold, but numbers are creeping back up. Last year, builders were also disappointed when only 8,135 properties were closed, which hardly was an improvement from 2013’s statistics.
Jay Colvin, Director at real estate analysis firm Metrostudy believes one reason behind such occurrence is the problem in supply. Homebuilders have been reporting a shortage in suitable lots in places near the heart of the employment, shopping and uptown areas. Though the pace of development continues to increase, the time consumed to develop a lot and build a home could probably lead to a breakout in 2016 than this year.
Aside from this, another challenge that the housing market needs to deal with is the shortage of buyers willing to purchase new homes priced below $200,000. This commonly happens in a first-type-homebuyer’s market, which holds almost a third of the new-home sales.
“In Charlotte, year-over-year starts of new homes priced below $200,000 are down 7%,” Colvin says. “But look above that number and home starts above $200,000 are up 5%. You’ve had this rebound, but it’s all been driven by higher price points. Builders are leaving the entry-level housing market.”
Vitner believes first-time homebuyers potentially are having a hard time qualifying for a home loan because of their debts. Furthermore, majority of this age group are Hispanics and African-Americans, which nationally have been noted for their low homeownership rates.
The housing market continues not to feel the impact brought about by at least 80 million millennials, aged 18 to 33, because majority of them are still in school, living at home or renting an apartment.
“There’s lots of discussion that millennials may never buy a house,” says Graham. “I don’t think that’s the long-term direction, but it’s certainly the short-term direction.”
On the other hand, the strongest section of the market is brought about by homes that attract baby boomers since they are currently relocating to Charlotte or are downsizing.
“If it’s a product we can sell to a baby boomer, we can sell it,” co-owner of Evans Coghill Homes Alan Banks said. Two years ago, Banks’ company started constructing homes in Riverwalk believing that these would attract young families with school-aged kids. “We tried to make that work until about the second quarter of 2014. Showing up at our door were baby boomers who were downsizing,” says Banks.
The improving number of employment opportunities along with population growth is expected to start the building market. Graham predicts that in 2015, new-home sales will increase 10%. As for Vitner from Wells Fargo, the rise will be at 20%.
Meanwhile, from 2013 to 2014, prices of new homes have increased by 7%, which is actually a rise of 12% over the previous peak way back in 2008.
According to Terrence Llewellyn, president of the Charlotte Home Builders Association, the increase in both demand and values are good news for homebuilders within the region. “We had an 80% reduction in home-building permits from 2006 to 2010,” says Llewellyn. “We are renormalizing, and we are certainly nowhere near overheating.”
With the improving home building market, Llewellyn believes that this will have a domino effect in the local economy since homebuyers will eventually need to buy appliances and furnishings.
Llewellyn says home builders are optimistic especially with the growing Charlotte population and job opportunities, which is definitely better than any region across the nation. This remains true even though lots for home construction remain to be rare in high-demand areas and even with the rising cost of home construction.
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During the Realtor University Richard J. Rosenthal Center For Real Estate Studies Forum held recently, realtors from different parts of the country attended and gathered to talk about the effects of changing homebuyer demographics on the housing market.
“Among primary residence homebuyers, the demographics have shifted dramatically, especially among first-time homebuyers, whose share of the market has dropped to its lowest level in decades,” said to Jessica Lautz, director of member and consumer survey research for the National Association of Realtors.
“We have also seen an increase in the median age and income of the average buyer, as well ask multigenerational household formations as adult children and elderly family members move back in with their families,” she added.
One of the most popular topics discussed in the forum was adult millennials, individuals who are within 18 to 33 years old. This year, such age group experienced a 60 percent increase in job growth that the US overall with their unemployment rate falling by 6 percent. Such positive growth and the increase in economic opportunities should motivate the millennials to purchase homes in the succeeding years.
“Millennials are the largest generation of people in the U.S. and represent 60 percent of first-time homebuyers,” Chief Economist For Realtor Jonathan Smoke said. “They are also more likely than any other group to purchase a home in the next year.”
Economists saw that most of the buyers where kept out of the market due to drop in inventory, difficulty in getting credit and lower than average income. However, these are just temporary hindrances.
It’s not that young people don’t want to purchase homes, it’s that they are delayed the purchase,” Vice President of Research For the National Housing Conference Lisa Sturtevant said. “Many of the reasons millennials are not forming households or making purchases are economic, so as the economy improves, we should see this group become more of a force in the housing market.”
However, Smoke claims that its a misperception that millennials not still not in the market. “They represented 37 percent of home shoppers this summer, and over the next 5 years his generation will make up two-thirds of household formations, Smoke said. “Between June and September 2014, over half of adults aged 21-34 visited real estate websites or mobile apps. And this is the cusp – get ready for the millennials wave to drive the housing market for decades.”
But baby boomers will be competing with the millennials in the dominion of the housing market. “With millennials searching for new homes, baby boomers downsizing and groups with historically lower incomes all entering the market, an increased demand for smaller, less expensive homes will begin to merge,” Sturtevant said.