October 2015
 
 

 

 



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Greetings from Lori & Jackie,      
 
We certainly have enjoyed some very nice fall days with leaves slowly turning into the yellows, oranges and reds...ok, some just turn brown and have already fallen. How about that Lunar Eclipse?  It happened to be the closest supermoon of 2015. It was the Northern Hemisphere's Harvest Moon, or full moon nearest the September equinox. This September full moon was also called a Blood Moon, because it presents the fourth and final eclipse of a lunar tetrad: meaning four straight total eclipses of the moon, spaced at six lunar months (full moons) apart. Phew!  I hope your skies were clear to view it.  It was very awesome!

October means time to take a drive to see the leaves, apple picking, carving pumpkins and preparing a Halloween costume.  The last of which I'm not so creative.  Any ideas for something clever?  Here's to hoping you have some time to get outside and enjoy the fresh cooler air.

In our world of real estate, the National Association of Realtors® (NAR) reported pending home sales have remained at a healthy level and have now risen for 12 consecutive months. Lawrence Yun, NAR chief economist, says sales this fall should be able to roughly maintain their current pace.  We feel locally that there is still a shortage of homes on the market to show buyers.  It's a fantastic time to sell with home prices rising and it's a fantastic time to buy with the low interest rates.  As your local, trusted, and experienced Realtors® and neighborhood resource, you can count on us to be here for your home buying and selling needs this fall. Please don't hesitate to contact us if we can be of service to you, your friends, or your family this fall.

Until next month!
 
  
Dick and Ora Mae couldn't be happier to move on!


Some Facts Regarding Today's Changing Home Buyer

Let me summarize for you some of the key findings from an NAR report on home buyer and seller generational trends. So often, useful facts get lost in big reports.
Household Compositions

* 13% multigenerational living. 13% of buyers have multiple generations over the age of 18, with 21% of those buyers headed by someone aged in their 50s. This ties in nicely with our last Consumer Insights survey of more than 20K home shoppers, where 50% of those in their 50s said they planned on living multi-generationally, either with a parent or a child. 37% of multigenerational buyers had an adult child, while 21% of buyers had an aging parent.

*73% couples. Married people buy 65% of all homes sold, with unmarried couples buying 8%.

*16% single women double the men. Single women are almost twice as likely to buy as single men, purchasing 16% of all homes sold compared to 9% of all homes for single men. After the age of 50, purchases by single females rise even more.

*65% childless. Homes designed for adults rather than families make more sense, as 65% of all home buyers do not have children. Resale homes were primarily designed with families in mind.

*11% foreign born. Consistent with our demographic findings that 23% of those born in the 1970s were born abroad and that foreign born buyers are less prone to purchase, foreign purchases are heavily skewed to those born in the 1970s. 17% of buyers aged 35-49 are foreign born-nearly double the percentage of any other age cohort.
 
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Now Showing! 
4337 Spruce Road, Saint Bonifacius, MN

Real Treat! Fantastic 4-Lvl on large lot adjoining Park/Trails. 4 Finished Lvls offering 4BR 3BA 3Car. Private Owner's BA, Full Main BA, Full 3rd BA w/Heated Slate Flrs, Walk-in Tiled Shower, Whrlpl & Sauna! SS Kitch Appl, Granite, Pantry, Planning Dsk. Tiled Gas Fplc. Hrdwd Flrs ~ Lt Maple on 3rd Lvl Fam Rm & Offc. Rich Walnut color Hand Hewn on Mn Lvl. Two story windows w/soaring ceiling height on Main Level. Three BR's Upper Lvl. New Carpet, Paint, Lighting, Cust Blnds. Pocket Drs. Nice!
 
Under Contract! 
12002 Safari Pass, Apple Valley,, MN 

Absolutely Exceptional Custom Build-Hidden Gem! Priv drive, Serene & Secluded. Treetop Wooded Views! True Chef's Kitch, 4Seas Prch, Lux Ownr Suite~FPLC/Sitting Rm. Built-ins Galore. Mn Flr Offc & Lndry. WIRSBO Heat/full Finishd W/O LwrLvl.Orig Own
 


Coldwell Banker Homes For Dogs Project

For over 100 years, Coldwell Banker has helped people find homes, and now our mission extends to man's best friend.  Because there's nothing like coming home - especially when there's a furry friend waiting on the other side of the door - we've teamed up with Adopt-a-Pet.com, North America's largest non-profit pet adoption website, to help 20,000 adoptable dogs find a loving home this year.

How can you help the Homes for Dogs Project?

1. Volunteer
Lend a helping paw for a great cause by searching for volunteer opportunities near you posted on Adopt-a-Pet.com.

2. Social PETworking
Use the power of social networks like Facebook and Twitter to give attention to adoptable shelter pets.  To Twitter a Critter or share a pet on Facebook follow these 3 easy steps:
      1. Search for a dogcat, or other pet that needs a home.
      2. Choose a pet you want to help from the list and click to get their info.
      3. Then just click on the social media buttons to help the pet get seen and adopted! Don't forget to use #homerocks! 

Lori McCahey 

Coldwell Banker Burnet

651-398-4138

 

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