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Real Estate Trends & Perceptions

by Mehner Weiser Real Estate, LLC.

 

Whether you're interested in buying or selling a home this year, there's reason to be optimistic. See how a healthy real estate market and positive consumer sentiments are contributing to a buoyant housing sector.

Real Estate Trends
The U.S. housing market continues its recovery as home prices gradually increase, interest rates remain low and millennials represent the largest group of homebuyers for the fourth year in a row. There's been a slight increase in historically low interest rates, but that's an indication of an improving economy. Single women homebuyersexceed single men buyers in the U.S. by more than double, accounting for 17 percent of homebuyers (compared to single men at 7 percent). U.S. home values are expected to keep inching up while the inventory of available homes continues to decline.

According to the Canadian Real Estate Association (CREA), there is considerable divergence among regions. Tighter federal regulations have reduced affordability and access to financing for potential homebuyers, sales are down and prices are trending soft. National sales activity is forecast to decrease 1.5 percent in 2017 and 0.8 percent in 2018.

Consumer Sentiments
The 2017 Q1 Housing Opportunities and Market Experience report published by the National Association of Realtors (NAR) shows favorable sentiments among American consumers. Seventy-two percent of those surveyed thought it was a good time to buy, and 69 percent felt it was a good time to sell. More than half said they believed home prices in their community had increased over the previous 12 months. And renters and suburban homeowners, in particular, felt that prices would continue to rise in the second half of the year.

In another NAR report, the Aspiring Home Buyer Profile, nine in 10 nonhomeowners in the U.S. expressed a desire to own a home. Fortunately, if the market trends and consumer perceptions are any indications, 2017 could very well be the year many renters realize their dream of homeownership.

Adding Shade to Your Yard or Patio

by Mehner Weiser Real Estate, LLC.

Summer is a fun season to enjoy time outside with friends and family -- provided you have sufficient coverage from the sun. Stay cool and comfortable by adding shade to your yard or patio with the ideas below.

Overhead Hangs for the Patio
One popular way to create shade is to string up outdoor fabric and make a retractable awning or canopy. Shade sails are another versatile and inexpensive way to diffuse the sun's rays. If your outdoor space lacks the columns or posts to attach fabric, a large area umbrella is a fail-safe way to keep covered.

A Natural Solution
Like the idea of natural sun blockers? Potted citrus trees add a nice touch and can be moved around as the sun shifts. Wood structures such as a trellis or pergola also make a beautiful statement while creating shady areas. Both are designed to support climbing plants like ivy, morning glory, clematis and bougainvillea.

Surrounded by Shade
For a more closed-in arrangement, try canvas curtains, bamboo blinds or solar shades. Each of these sun blockers is adjustable, making it a breeze to raise them up or down (or to the side) depending on the sun's position and your desired level of coverage.

Whether you're looking to dine alfresco, relax outside with a good book or visit with friends and family, a covered patio is an ideal spot. Just remember: Before you start putting up structures to block the sun, review your homeowners association or rental agreement rules as some options may require permission.

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Contact Information

Photo of Mehner Weiser Real Estate, LLC Real Estate
Mehner Weiser Real Estate, LLC
RE/MAX Dynamic Properties
3350 Midtown Place
Anchorage AK 99503
Bethany (907) 223-1632
Bonnie (907) 223-0005