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How Is Remote Work Changing Homebuyer Needs?
With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close to my company’s office building? Do I need a larger home with more office space? Would making a move to the suburbs make more sense for my family? All of these questions are on the table for many Americans as we ride the wave of the current health crisis and consider evolving homeownership needs.
According to George Ratiu, Senior Economist for realtor.com:
“The ability to work remotely is expanding home shoppers’ geographic options and driving their motivation to buy, even if it means a longer commute, at least in the short term…Although it’s too early to tell what long-term impact the COVID-era of remote work will have on housing, it’s clear that the pandemic is shaping how people live and work under the same roof.”
Working remotely is definitely changing how Americans spend their time at home, and also how they use their available square footage. Homeowners aren’t just looking for a room for a home office, either. The desire to have a home gym, an updated kitchen, and more space in general – indoor and outdoor – are all key factors motivating some buyers to change their home search parameters.
A recent realtor.com-HarrisX survey indicates:
“In a June poll of 2,000 potential home shoppers who indicated plans to make a purchase in the next year, 63% of those currently working from home stated their potential purchase was a result of their ability to work remotely, while nearly 40% [of] that number expected to purchase a home within four to six months and 13% said changes related to pandemic fueled their interest in buying a new home.
Clearly, Americans are thinking differently about homeownership today, and through a new lens. The National Association of Home Builders (NAHB) notes:
“New single-family home sales jumped in June, as housing demand was supported by low interest rates, a renewed consumer focus on the importance of housing, and rising demand in lower-density markets like suburbs and exurbs.”
Through these challenging times, you may have found your home becoming your office, your children’s classroom, your workout facility, and your family’s safe haven. This has quickly shifted what home truly means to many American families. More than ever, having a place to focus on professional productivity while many competing priorities (and distractions!) are knocking on your door is challenging homeowners to get creative, use space wisely, and ultimately find a place where all of these essential needs can realistically be met. In many cases, a new home is the best option.
In today’s real estate market, making a move while mortgage rates are hovering at historic lows may enable you to purchase more home for your money, just when you and your family need it most.
If your personal and professional needs have changed and you’re ready to accommodate all of your family’s competing priorities, reach out to a local real estate professional today. Making a move into a larger home may be exactly what you need to set your family up for optimal long-term success.
Sean Fernando Realtor
A Day of Remembrance for those that lost their lives . And for all of those who gave their lives.We Remember.
Take A moment from your day today to remember those effected by the tragedy of 9/11
Now Is the Time to Plan How You’ll Vote
In this critical election year, as we continue to safeguard against the COVID-19 pandemic, every voter should be using this month to learn the voting options and deadlines in their state.
Voting Rights Milestones in 2020
55 YEARS: The Voting Rights Act, signed by President Lyndon Johnson Aug. 6, 1965, outlawed discriminatory voting practices.
100 YEARS: The 19th Amendment, granting women the right to vote, was approved by Congress in 1919 and ratified Aug. 18, 1920.
150 YEARS: The 15th amendment, banning voting restrictions on the basis of race, color, or previous servitude, was approved by Congress in 1869 and ratified March 30, 1870.
#2020VOTE #republicanparty #democraticparty #govote🇺🇸 #dontcomplain #rockthevote2020 #election2020 #2020presidentialelection
Ready to move? Get my @Homesnap app to access accurate, up-to-date real estate listings.
#realestate #dmvsean #md #charlescounty #bowiemd #silverspring #rockville #gaithersburg #germantown #largomd #RealEstatePro #uppermarlboro #accokeek #oceancitymd #dmvsean #silverspringmd #realtors #realtorlife
Sean Fernando with Samson Properties in Oxon Hill, MD
For all you do, this #LaborDay is for you! #enjoy
Have a great Labor Day! You put great effort in everything that you do, and you deserve to be appreciated by a grateful nation. May you grow and prosper some more in your chosen career. Have a wonderful time on Labor Day. #ThreeDayWeekend #LaborDay2020
#SummersGoingAwayParty #essential #firstresponders
#BeachingIt #LastLakeDay #ByeByeSun
#BeachBum #LaborDayFun #SummerSun
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If you’re in a position to buy a home this year, it’s a great time to reach out today to initiate the process while mortgage rates are historically low.
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3 Bedroom 2.5 Bath $395,000 dm for appointments. Remarks: Gorgeous very spacious end unit townhome nestled in the highly sought after community/subdivision of The Preserve. This huge townhouse feather a hardwood flooring, large kitchen with a gigantic center island, and very spacious bedrooms. The owner's suite features a sunroom and large bathroom with a nice sized tub perfect to relax after a long day. This property has ample parking! Street parking and you can fit atleast 4 cars behind the 2 car garage. Check this property out today! #realty #brokeragrealestate #listing #greatvalue #Realtors #NAR #luxuryrealestate #HUDhome #househunting #makememove #luxuryliving #homegoals #housegoals #investmentproperty #emptynest #broker #realestateagent
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Sold !!! #covid19 #pandemic2020 #lifestyle #changes wontlast! #callnow! #bringthedog #poochfriendly #motivationmonday #thursdaythoughts #justRealtorthing #riseandgrind #condogoals #realty #brokeragrealestate #listing #greatvalue #Realtors #NAR #luxuryrealestate #HUDhome #househunting #makememove @evansgroupdmv #evansgroupdmv
6 Steps to a Tidy Home
If you’re familiar with popular lifestyle personality Marie Kondo, then you know that a truly tidy home can be life-changing. And according to Kondo, effectively decluttering and streamlining your space requires a very specific strategy—the KonMari Method to be exact. To get started, here are her six overarching rules of tidying:
1. Get committed. Tidying your home is no small task—it takes dedication and enthusiasm (not to mention time) to do it properly. Your first step is to commit to embarking on this project.
2. Visualize what you want. Before you dive in, take some time to imagine the lifestyle you’d like to lead. Sketch it out on drawing paper, journal about it or clip photos and create a collage. According to Kondo, when you take the time to envision your ideal lifestyle, you’ll gain clarity on why you want to tidy up and how you can start living your best life.
3. Discard first. Many of us make the mistake of tidying a little at a time, but according to Kondo, it’s essential to discard everything you want to get rid of first. It’s important to take the time to decide what you want to part with, and only after you’ve completed that process will you have a clear idea of how much you need to store—and the spaces in which you can store it.
4. Organize by category, not space. Don’t fall victim to tidying a closet here, a shelf there. Instead, tidy by category, no matter where those items happen to be stored in the house. This will allow you to fully grasp how much of one item you have (i.e., sweaters, books, pens) so that you know what to get rid of. Store the remaining items in the category together in a logical spot as opposed to having them spread all over the house.
5. Follow in order. After working with many clients, Kondo learned that there is actually an ideal order in which to tidy. Start with your clothing before moving onto books, papers and sentimental items. This will allow you to perfect your decision-making skills so that by the time you get to the tough stuff, such as keepsakes and photos, you’ll be able to discard more easily.
6. Decide if it ‘sparks joy.’ The hallmark of the KonMari Method is looking at an item, whether it be a pair of shoes or an afghan, and deciding whether or not it sparks joy. This is your inner guidance for keeping or discarding something. According to Kondo, we should only keep the belongings that truly spark joy in our lives. Sound impossible? Try it and you’ll see what she means!
Picking Out New Paint? Avoid These Mistakes
Selecting a new paint color for a room in your home—or the entire exterior!—is an exciting moment. Nothing more quickly and inexpensively updates your style, refreshes the mood and makes a space look brand new again.
Unfortunately, mistakes can be made when deciding on a color, so be sure to avoid the following when choosing a new hue.
Making a quick decision. There are so many appealing colors to choose from that it’s easy to select a shade without the proper due diligence. And the ramifications of the wrong color can be hugely disappointing and expensive. Narrow down your decision to a few choices and get samples from the paint store. Paint them on the intended walls and watch them for a few days. See how they change as the light shifts throughout the day. Living with a color for a bit will help determine if it’s right for you.
Placing samples too close together. If you’re considering several options, be sure not to paint your wall swatches too close together. They’ll distract from each other or blend together if it’s varying shades of the same hue.
Not taking your furniture into consideration. Keep in mind that your paint serves as the backdrop for your entire decor scheme. Paint a small board with the color you’re leaning toward and place it in different parts of the room to see how it plays throughout the day with furniture, artwork, flooring, etc. This will help ensure it’s the best possible choice.
Not looking at the undertone. If you’re choosing a white or neutral color, be sure to consider the undertone. Certain whites lean toward yellow, others are cooler with a hint of blue. Consider how the undertones will draw out similar tones in your furniture or woods to make sure they’re complementary.
Staying away from bold colors. Many people feel they have to play it safe and stick to muted or neutral tones when it comes to paint; however, with all the amazing bold colors being offered, you could be missing out on a real style boost to your home. Check out some of the popular blue shades on the market now, as well as rich greens and deep grays.
Source: Real Simple
Despite Pandemic, Home Prices Rise
The coronavirus global health crisis and the economic havoc it has wreaked were not enough to deter a rise in home prices so far this year. According to the Radian Home Price Index (HPI), home prices across the U.S. rose in the first six months of 2020 at an annualized rate of 6.3 percent.
The Radian HPI—recently released by Red Bell Real Estate, LLC, a Radian Group Inc. company—also rose 8.1 percent year-over-year (July 2019 to June 2020), which was slightly higher than the year-over-year increase of 7.8 percent recorded last month. The data is based on the estimated values of more than 70 million unique addresses each month, covering all single-family property types and geographies.
According to Radian, this annualized increase confirms that the housing market is getting back on track. As Radian SVP of Data and Analytics Steve Gaenzler explains, “While there has been localized volatility in home prices during the pandemic, prices overall have remained quite resilient. After gains across the U.S. slowed in May, the first half of the year ended on an impressive note, especially given the significant headwinds real estate transactions have faced.”
The report also shows that the number of closed real estate sales was higher in the final week of June than in the same week of 2019. That marked the first time since the end of March that weekly counts of closings were higher in 2020 than 2019. That said, Gaenzler emphasizes that the recent surges of coronavirus in areas across the U.S. could potentially alter the upward trajectory of home prices.
Other key takeaways from the research include:
The national median home price in the U.S. rose to $256,740 in June.
National home prices rose an annualized 6.6 percent during the second quarter.
Distressed sales in June 2020 represented 5.1 percent of all sales, a decrease from May, when distressed sales represented 6 percent of sales.
The Midwest and West represented the strongest regions; the Northeast and Southwest, the weakest.
Months of supply, which helps measure the balance between supply and demand, stood at 4.04 months of supply in June. This was down from 4.51 months in June of last year, and also decreased from May. This is good news for sellers who can expect more price competition and price stability.
All of the 20 largest metro areas in the U.S. recorded positive price appreciation in the second quarter and first half of 2020. Of the six metros recording a weaker second quarter as compared to the first, three were in California (Los Angeles, San Diego, San Francisco) and the remaining three were in the Mid-Atlantic region (Washington, D.C.; Baltimore, Md.; New York, N.Y.).
Sean Fernando Realtor
If you have the opportunity to suggest a real estate agent to anyone, think of me. #wontlast! #callnow! #bringthedog #poochfriendly #riseandgrind #realty #brokeragrealestate #listing #greatvalue #Realtors #luxuryrealestate #househunting #makememove #luxuryliving #homegoals #housegoals #investmentproperty #emptynest #broker #realestateagent
Sean Fernando Realtor
You can't see the code an app runs on. But the code for a REALTOR® is something you can see, hear, and experience first hand.
We join the rest of the world to celebrate a special day. Happy Father's Day!
6 Steps to a Safer Home
Spending more time at home these days? You’re in good company! Use this extended time on the homefront to conduct a safety check to make sure your dwelling has all the right precautions in place. Include the following six tasks:
1. Test carbon monoxide and smoke detectors. This is the simplest, yet perhaps most important, safety check you can do. Just press down on the test button until the alarm sounds. If it doesn’t, then you need to replace the batteries. Remember, you should have a smoke detector in every room and a carbon monoxide detector on each floor of the house.
2. Outfit your kitchen for safety. A few simple steps in the kitchen can make a big difference when it comes to avoiding an emergency. Remove any flammable items, like pot holders and dish towels, from the vicinity of the stovetop. When you’re cooking, keep a pot lid at the ready to snuff out any fires that may flare up. In addition, make a nominal investment in a fire extinguisher, another smart item to keep in the kitchen.
3. Unclutter your outlets. With more of your family at home, chances are your outlets are more overloaded than usual as everyone looks for space to plug in their devices. Overloaded outlets, however, can be a fire hazard, so take the time to streamline the situation. Consider a surge protector strip to safely accommodate multiple wires, and do away with any frayed cords.
4. Eliminate tripping hazards. More people at home usually means a little more chaos—and stuff. Do regular strolls through each room to tidy up stray toys, shoes, books and rearranged furniture. Remind your family members to be a bit more focused on putting things back in their rightful place.
5. Improve air quality. Before turning on your AC for the season, dust all the air vents and change the filter. While you’re at it, take some time to properly clean humidifiers, fans and air purifiers as well.
6. Store your cleaning products. Just about all of us have stocked up on cleaning supplies in recent months, and are using them more frequently. But in the wrong situation, cleaning products can be hazardous, so make sure they’re properly closed after each use, and stored in an out-of-the-way spot, such as under the sink or in a closet. If you have curious little ones at home, add a lock to those storage spots.
Source: Real Simple
6710 Oxon Hill Rd Suite 460
National Harbor, MD
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