Our mobile site is optimized for smaller screens.

TRY IT NO THANKS
  • Boston Condos
+ Advanced Search

      Blog :: 06-2020

      COMPASS Contemplations for Sunday

       

      A very HAPPY FATHER'S DAY to all the amazing Father's in America and to their extended families. Today is YOUR day and I hope you enjoy it thoroughly. I am always in awe of the fathers that have a full workload AND have the responsibilities of fatherhood too. I simply don't know how you do it! While being a parent is possibly the most rewarding of all human roles in life, it can also be the most challenging, exhausting and consuming one too.

      So here's a big THANK YOU and CONGRATS to all the fathers everywhere - for the critically important role they play in our society and the lives of all those kids who love and admire you beyond words.

       

       

      “A father is neither an anchor to hold us back nor a sail to take us there, but a guiding light whose love shows us the way.” - Unknown


      DID YOU KNOW?  Alain Ducasse hired interior designer and architect Patrick Jouin along with doctors Thomas Similowski (head of pulmonology, intensive medicine, and resuscitation) and Jerome Robert (head of bacteriological medicine and hospital hygiene) from Pitié-Salpêtrière hospital, in Paris, and architect Arnaud Delloye to create an aesthetically pleasing high-performance system that purifies air and limits its movements to reduce the potential risk of aerosol transmission of the coronavirus in his Paris restaurant ALLARD. The $56,000 filtration/ac system with high-tech filters and fans is akin to that used in operating rooms, and the dividers between tables are ultra-chic. 
        
      DID YOU KNOW?  Yesterday I read a story about a lease in the Hampton's that went awry during the pandemic.....the tenant whose behavior was allegedly awful was a real estate agent in the Hampton's and of course his brokerage was mentioned clearly and boldly. Again. another reminder that every COMPASS employee or agent's actions can reflect poorly on ALL of us. The brand name COMPASS is to be nurtured, treasured and respected as it is something we all share as an extension of who we are. 



      “We believe the FDA will likely approve at least one vaccine prior to the November election. Perhaps multiple vaccines could get the go-ahead at some point early in the fourth quarter and quell fears of a second wave of Covid-19.” - Jared Jolz, Jeffries

      Want to Make a Move? Homeowner Equity is Growing Year-Over-Year

      Want to Make a Move? Homeowner Equity is Growing Year-Over-Year | MyKCM

      One of the bright spots of the 2020 real estate market is the growth in equity homeowners are experiencing across the country. According to the recently released Homeowner Equity Insights Report from CoreLogic, in nearly every state there was a year-over-year first-quarter equity increase, averaging out to a 6.5% overall gain.

      The report notes:

      “CoreLogic analysis shows U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $590 billion since the first quarter of 2019, an increase of 6.5%, year over year.” (See map below):

      Want to Make a Move? Homeowner Equity is Growing Year-Over-Year | MyKCM

      This means that In the first quarter of 2020, the average homeowner gained approximately $9,600 in equity during the past year.”

      That’s a huge win for homeowners, especially for those looking to sell their houses and make a move this summer. Having equity to re-invest in your next home is a major force that can make moving a reality, especially while buyers are expressing such a high demand for homes to purchase.

      Below, Frank Martell, President, and CEO of CoreLogic addresses the potential long-term outlook, and how homeowners will likely fare much more positively through the current recession than many did during the last one:

      “Many homeowners will experience a recession during their lifetime, and it is reasonable to compare the current recession to those in the past. But the comparison is not apples to apples — every recession is different. Primary drivers of the Great Recession were an overbuilt housing stock, risky mortgages and the collapse of home prices, creating a massive increase in negative equity that proved difficult to recover from. Today’s housing environment has low vacancy and delinquency rates and a large home equity cushion.”

      Bottom Line

      Now is a great time to consider leveraging your equity and making a move, especially while buyer interest is high. Let’s connect to explore your equity position and make your next move a reality.

       

      COMPASS Contemplations for Wednesday

      DID YOU KNOW?  In celebration of Pride Month, Robert will be chatting with the Executive Director of GLSEN Eliza Byard TODAY at 4pm ET and their conversation will be live-streamed in the Compass Workplace group. GLSEN is an organization recognized worldwide as a pioneering leader in the fight for educational equity and in making sure that LGBTQ students are able to learn and grow in a school environment free from bullying. Thank you to Elizabeth Ann Stribling-Kivlan, OUT at Compass and Compass Cares for pulling together this event!

       

      DID YOU KNOW? Russian President Vladimir Putin now has a “disinfection tunnel” installed at one of his official residences to protect him from contracting the coronavirus. Could this become the next X-RAY machine we have become so accustomed to at airports?

       

      DID YOU KNOW? Mortgage applications to purchase a home rose 4% last week from the previous week and were a remarkable 21% higher than a year ago, the 9th consecutive week of gains and the highest volume in more than 11 years!  The average interest rate for a 30 year fixed-rate mortgage decreased to 3.30% from 3.38%  (CNBC)

       

      DID YOU KNOW? Retail sales, a measure of purchases at stores, at restaurants and online, increased a seasonally adjusted 17.7% in May from a month earlier. Expect more GOOD NEWS headlines like this over the next few weeks and months after weeks/months of bad headlines. While the higher you climb the further you can fall is true.....so too is it true that when you have fallen to a deep low, chances are it's up, up, up from there! (WSJ)

       

      DID YOU KNOW? Builder sentiment jumped a striking 21 points in June to 58, the largest monthly increase ever in the National Association of Home Builders/Wells Fargo Housing Market Index. Any reading above 50 indicates a positive market. In April, it plunged a record 42 points to 30. Of the index’s three components, current sales conditions jumped 21 points to 63. Sales expectations in the next six months rose 22 points to 68. Buyer traffic more than doubled from May to June, from 22 to 43.

       

      “The dollar is going to fall very, very sharply,” - Steven Roach, Yale University, citing growing debt and diminished savings. If this happens, could it spur a new wave of foreign buyers? Again, this is just one of many predictions/opinions.

       

      DID YOU KNOW?  The total of new COVID-19 cases from the top 5 states in the USA is 2.5X that of the next 5 states, to put things into perspective.  The top 5 states have a total population of around 108 million, while the next five have almost 47 million people. So the top 5 have a ratio of 78.7 new cases per million inhabitants. The next 5 have 71.7 new cases per million inhabitants. A cheap and widely-used steroid called dexamethasone has become the first drug shown to be able to save lives among COVID-19 patients in what scientists said is a “major breakthrough” in the coronavirus pandemic.

       

      DID YOU KNOW? Housing starts that measure how many single-family homes builders break ground on probably will fall to 770,000 this year, the lowest level since 2015, according to the NAR. The 1.47 million properties on the market at the end of April was the lowest ever recorded for the month, according to NAR data. Americans created 11.4 million households in the 10 years through 2019, according to Census data. Builders sold 5.2 million single-family homes in the same period. In the prior decade, they sold 10.4 million new houses. Supply disruptions and the COVID-19 lock downs that ensued have made the situation worse. (Housingwire)

      COMPASS Contemplations for Tuesday

       

      Wishing all our LGBTQ colleagues, friends and family at COMPASS a HAPPY PRIDE MONTH! Yesterday The Supreme Court concluded by majority that the language of the Civil Rights Act of 1964, which prohibits sex discrimination, applies to workplace discrimination based on sexual orientation and gender identity. The question for the justices was whether that last prohibition — discrimination “because of sex”— applies to many millions of gay and transgender workers. Could there be a better PRIDE MONTH gift?

       

      DID YOU KNOW?  A long overdue $1 TRILLION infrastructure bill seems to be in the works to help fuel the economy and provide much needed improvements to the USA's infrastructure..... (CNBC)

       

      DID YOU KNOW? With the most economic uncertainty in decades and a head-spinning stretch of volatility in the U.S. stock market, many investors have rushed into money-market funds where cash assets have swelled to about $4.6 trillion, the highest level on record, going back to 1992. Imagine if this capital was deployed in the economy.....(WSJ)

       

      DID YOU KNOW? Nationwide, about 64% of home shoppers looked for suburban homes in April, compared with 66% in April 2019. New York metro area shoppers, those looking to move to a different metro area grew to 40%, from about 35% last year. About 70% of all shoppers in the New York metro area looked for suburban homes, down from 72% last year.(WSJ)

      DID YOU KNOW? A 2017 report by the European Foundation for the Improvement of Living and Working Conditions suggeste
      d that 41% of remote employees report higher levels of stress compared with just 25% of their counterparts who work in the office. According to a 2018 survey that Mental Health America conducted with FlexJobs, about 71% of people would like to work from home to reduce commute-related stress. Approximately 75% of survey respondents also said that working remotely could potentially help them limit stress related to distractions during the workday. (Healthline)

      DID YOU KNOW? People who work from home are at a greater risk of obesity and diabetes because there is a significant decrease in physical activity. (Dr A.J. Marsden of America’s Beacon College in Leesburg, Florida)

      DID YOU KNOW? The FBI reported a 50% surge in mobile banking since the beginning of 2020, likely due to stay-at-home orders. (Housingwire)

      DID YOU KNOW? Remote workers typically save about $4,000 a year by working from home, according to a study from FlexJobs. That comes from saving on commuting costs as well as paring spending on coffee, lunches and a professional wardrobe. Those cheering the concept of abandoning working in offices should factor the potential loss of $4,000 spending per person in the economy.....
      sign up RECEIVE THE LATEST LISTINGS & SAVE SEARCHES Already a member? Sign in here