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      Blog :: 12-2018

      Where is the Housing Market Headed in 2019?

      Where is the Housing Market Headed in 2019? [INFOGRAPHIC] | MyKCM

      Some Highlights:

      • ­Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes!
      • Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic.
      • All four major reporting agencies believe that home sales will outpace 2018!

      Compass Contemplations for Monday

      DID YOU KNOW? Bigger state and local tax collections, propelled in part by an acceleration in sales-tax receipts from consumer spending, is boosting capital projects and driving a municipal borrowing boom. Spending on transportation infrastructure in October was up 15% from a year earlier. State tax revenues grew 6.3% in the second quarter of 2018 compared with an average second-quarter growth rate of 2.5% for the previous eight years Local infrastructure spending may accelerate. (WSJ)

      DID YOU KNOW? Apple is also expanding its presence in San Diego as part of its plan to expand its operations across the country. While its $1 billion campus in Austin, Texas made headlines this week, it will also "establish new sites" in San Diego, Seattle, and Culver City, California. The San Diego, Seattle and Culver City sites would each have more than 1,000 workers, Apple announced. Apple will add 20,000 jobs in the U.S. by 2023. (10news)

      DID YOU KNOW? Approximately 80% of all population growth since 2000 in Texas has been in the four large metropolitan areas: Dallas-Fort Worth, San Antonio, Austin and Houston. Between 2000 and 2016, according to the Bureau of Labor Statistics, or BLS, Austin expanded its employment by over 50%, while Houston, Dallas and San Antonio grew above 30%, more than twice the growth of New York and three time that of San Francisco and Los Angeles. Texas added 3 million people between 2010 and 2016 - including 940,000 migrants from other states. In comparison, California lost more than 500,000 domestic migrants to other states and New York lost nearly one million.  Since 2000, New York, Chicago, Los Angeles and Boston grew by under 10%. (Daily Beast)

      “We don’t have any of the early signs of recession. Yet, we have a market where despite 20% earnings growth, the price-earnings ratios have fallen 20%. This tells us the market is pricing in recession in 2019. We just don’t think that is going to happen.” - Steve Chiavarone, Federated

       DID YOU KNOW? New York, Connecticut, Louisiana, California, Florida, and Massachusetts ranked worst in income inequality. The fastest growing income inequality is in Montana, California, Maine, Rhode Island and Idaho. (CNBC)

      Compass Contemplations for Wednesday

      In George H. W. Bush's famous "thousand points of light" nomination acceptance speech on August 18, 1988, he called for a "kinder, gentler nation" specifically referring to volunteering and giving back. In his lifetime it is estimated he helped raise around $1 billion for various charities. As we all know, this past week President George H. W. Bush passed away. While you may or may not have agreed with his politics, one of his principals everyone can relate to - especially at Compass where Robert made this a cornerstone of his future vision for the company - is the concept of working together and giving back.

       

      DID YOU KNOW? Airbnb will soon announce that it will begin selling multi-unit buildings and houses next year, according to Fast Company. Called Backyard, is "an endeavor to design and prototype new ways of building and sharing homes," extending and bolstering their services to architecture and urban planning. Backyard could start offering small existing dwellings, according to the report, and could also sell energy-efficient building materials, stand-alone homes and multi-unit complexes. Airbnb has more than 5 million rental listings on its platform, across nearly 200 countries.


      DID YOU KNOW?  Microsoft regained its stature as the world's most valuable company after losing the title for 16 years, beating out APPLE whose stock price has dropped badly over the past few weeks. Apple lost the top spot after 6 years. GE used to have this title....(CNBC)

      DID YOU KNOW? Home price appreciation continues to moderate following a half-decade of strong growth. Market fundamentals, however, are vastly different than the pre-crisis period in the mid-2000s. US equities delivered a strong week despite the sharp oil price decrease with the S&P 500 jumping nearly 4%: lower-than-expected PCE inflation data and signs that the Fed may be easing their rate hike plan....which would be good for real estate. (Seeking Alpha)

      Hallways in Your Home

      Hallways

      Often I am amazed at how overlooked some hallways are. These are the hallways within homes and as well as those that lead up to apartments. Too often a hallway is treated like a neglected cousin, and in doing so a tremendous opportunity may be overlooked.

       

      Yesterday while approaching an apartment I noticed the hallway from the elevator to the apartment was simply bland at best. Maybe this was part of the architect's 'vision', and maybe this may read well in a publication, but from a human perspective I found the experience somewhat depressing..... and a lost opportunity. That 'lead-up' that a hallway provides to an entry or the transition to another room or set of rooms has the ability to set a tone or build up excitement of what is to come. Hallways should be viewed as (mostly) narrower rooms, not wasted space.

       

      So what can be done to enhance a hallway? Smaller art pieces are perfectly suited to this setting, the kind that you'd like to view close-up. A collection of family/friend photos works well too, especially artfully displayed. Take note of the flooring, the lighting, maybe a wall covering that sets a more intimate and inviting message? Maybe a wider internal hallway has the capacity to house a small home office? Hallways are decorating opportunities, not unusable annoyances. They can be decorated beautifully and also engineered to accommodate specific uses.

       

      Look closely at all hallways, especially those that lead up to a home: they often set the tone for a showing as the rooms are revealed. First impressions matter. Pauses between rooms matter too.

       

      Have a terrific Tuesday!

      Compass Contemplation for Monday

       

      Just a few more days left in 2018 - but not that few:  go out and enjoy them and know there are amazing opportunities lurking. EVERY day matters.....make today count!

      DID YOU KNOW?  "They" say inflation is around 2%, yet in a big city like New York, I suspect it may be much higher: Beginning New Year’s Day, New York City cab riders south of 96th Street will pay a $2.50 fee 24/7 on the most traffic-clogged streets in Manhattan, bringing the starting rate for a ride to $5.80. Those hailing an Uber or Lyft will have a $2.75 surcharge. This is supposed to "curb congestion", yet anyone with half a brain knows its purely a disguised tax to pay for the MTA. (WSJ)

      DID YOU KNOW?  It's a crazy world out there.... who would have expected:  Paintings created by Artificial Intelligence at Art Basel Miami? Riots and mayhem in Paris before Christmas? Tornadoes in December in the Midwest? Qatar quits OPEC? 

      DID YOU KNOW? Apple plans to wait till at least 2020 to release a 5G i-phone. (Bloomberg)

      DID YOU KNOW?  Is a "Santa Rally" in the works? With a truce in the China-US trade war, you never know.....

       

      I spent most of this past Thanksgiving away with my partner's 89-year old mother who was in a rehab facility recovering from a fall. One of the magnificent nurses told me the thing she enjoys most about her job is hearing all the stories of her 'guests' and learning from those who are near the end of their lives who have lived full, rich experiences that only a full lifetime can deliver. So as we bid farewell to the US's 41st president, here are some positive life lessons I'll take away from George H. W. Bush's life that are worth repeating:

      1.   It's all about 'we' not 'me'. Give credit to those around you for your successes. One human is not capable of great things without many others.

      2.   Develop and nurture deep relationships and friendships.

      3.   Family matters. Keep close bonds with your family.

      4.   Be nice, but not weak.

      5.   Don't forget to say 'thank you'.

      6.   Do your best, try your hardest. Pay your dues.

      7.   Don't let 'losing' stop you. You cannot 'win' everything. Recover quickly. (Bounce back with passion?)

      8.   Life does not stop at 80: you can remain very relevant till the day you die.

      9.   Do that which is best for the greater good, not just you and your career.

      10. Collaborate with those who are your friends and those you compete with.

      11. Devote yourself to the betterment of others: be charitable and give back.

      12. Be humble.

      I strongly urge anyone wanting to learn through experience to spend some time with an elderly friend or relative (or stranger): you will be amazed by their stories of a full life, and it may help you put into perspective your own role here on earth.

      Have a MAGNANIMOUS Monday!

       

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