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Thursday, August 20, 2020   /   by The Villages Home Search

Think This Is a Housing Crisis? Think Again.

With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question.
Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of many parts of the country.
Let’s look at five things we know about today’s housing market that were different in 2008.
1. Appreciation
When we look at appreciation in the visual below, there’s a big difference between the 6 years prior to the housing crash and the most recent 6-year period of time. Leading up to the crash, we had much higher appreciation in this country than we see today. In fact, the highest level of appreciation most recentl ...

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Thursday, August 20, 2020   /   by The Villages Home Search

Home, soothing home

A vacation home is doing its job when you step inside and say, “Ahhh.” For a getaway in Montauk, New York, interior designer Robert McKinley achieved that sensibility to the letter. The McKinley Bungalow Fairview—a 1970s ranch house he transformed into an Airbnb rental—is defined by a serene open-plan living space with natural wood floors and a tall, exposed-beam ceiling painted white. The minimalist house is furnished with comfortable sofas, oiled-wood chairs and tables, thick rugs, tapestries, hand-formed ceramics, and antiques. It’s tailormade for rest and relaxation, to comfort and soothe. A sister property, the McKinley Bungalow Federal, uses a similar approach.
One room in each bungalow feels especially cozy compared to the rest of the space. McKinley created a retreat-within-the-retreat feeling by painting the walls and ceilings in dark, rich colors. In Federal, he chose a deep green. In Fairview, it’s a rich, earthy terra-cotta red hue; the floor is carpeted wall-to-wall in sea ...

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Thursday, August 20, 2020   /   by The Villages Home Search

Today’s Homebuyers Want Lower Prices. Sellers Disagree.

The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal on a home. Sellers, however, aren’t offering a discount these days; they’re holding steady on price.
According to the most recent NAR Flash Survey (a survey of real estate agents from across the country), agents were asked the following two questions:
1. “Have any of your sellers recently reduced their price to attract buyers?”
Their answer: 72% said their sellers have not lowered prices to attract buyers during this health crisis. 
2. “Are home buyers expecting lower prices now?”
Their answer: 63% of agents said their buyers were looking for a price reduction of at least 5%.
What We Do Know  
In today’s market, with everything changing and ongoing questions around when the economy will boun ...

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Thursday, August 20, 2020   /   by The Villages Home Search

Hem founder’s dreamy retreat in Stockholm is now for sale

When you’re the head of a global design brand known for its modern yet playful furniture, it’s only natural that your home would reflect the aesthetic.
Back in 2015, Swedish designer and Hem founder Petrus Palmér moved into a central Stockholm home converted from a blacksmith’s workshop. The house, thoroughly renovated by Swedish architecture studio Förstberg Ling, is as stylish as you’d expect—crisp and clean but not without personality. Now, Palmér is selling the place for SEK 11,950,000, or around $1.19 million.
Per Jansson
Covering just under 1,000 square feet over two floors, the residence boasts a neutral material palette of concrete, pale wood, and white marble. Rich splashes of color appear in furnishings like the salmon-hued sofa and deep green kitchen cabinetry, making the space feel warm and lively.
The main living area has ceilings stretching 17 feet high. Big windows bring in lots of light, as do massive skylights that flood the interior, which includes two bedrooms and ...

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Thursday, August 20, 2020   /   by The Villages Home Search

How Technology is Helping Buyers Navigate the Home Search Process [INFOGRAPHIC]

Some Highlights:

A recent realtor.com survey revealed that buyers are still considering moving forward with the homebuying process, even if they can’t see the home in-person.
While they still prefer to physically see a home, virtual home tours and accurate listing information top the list of tech specs buyers find most helpful in today’s process.
Let’s connect today to determine how technology can help power your home search.



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