Stay up-to-date with real estate news and trends through reading our blog! No matter where you are in the house buying or selling process, our blog is a hub where you can access information about industry trends, company updates and general information about the south shore!
Thank you to our friends at Gustave White Sotheby's International Realty for hosting our team at the New England Sotheby's International Realty® Affiliates Networking Event and giving us a tour of your spectacular properties for sale in Newport, Rhode Island!
Sotheby’s International Realty recently partnered with New Story, a non-profit organization committed to changing lives and providing solutions for families and local workers in developing countries. Founded in 2015, New Story puts 100% of all donations toward building new homes at $6,000 a home. Every dollar donated is put toward hiring local labor and domestic materials. New Story is providing jobs and economic stability for the communities they service. Individuals and companies from all over the world are getting involved and being connected to families whose lives are being transformed thanks to New Story. Donors will receive a photo of the family they are helping and receive a move-in video once their home is completed. Being able to share in the excitement and adding this personal touch is incredibly unique and very special to everyone involved. This impactful organization was recently named one of the “Most Innovative Companies” for 2017.
To learn more, visit New Story’s website: http://www.newstorycharity.org/
To make a donation, please visit: http://www.sothebysrealty.com/eng/newstory.
For those of you who are still unsure what the definition of a “millennial” is, it’s anyone born between the early 1980s and early 2000s. Known as the “Me Me Me Generation”, Millennials are the largest generation in American history with almost 80 million people. What may come as a surprise is the number of Millennials who are choosing to stay living at home with their parents – a whopping 36% to be exact. What is keeping them from going off on their own? Lower incomes, student debts, unemployment, qualifying for a mortgage, high rent, and difficulty finding affordable housing.
So what effect does this have on our economy, more specifically the real estate market? For starters, there will be more first-time buyers throughout the country with equal interest in single family homes and townhomes. Millennials tend to follow the path of their parents which means buying home in the suburbs, but also maintaining access to cities and amenities. They are also more inclined to make smarter investments by having more social and economic responsibilities than ever before. They also love technology and short cuts to answers. The more accessible and personable a real estate professional is the more likely they are to start a relationship with an agent. It’s all about establishing trust, providing instant gratification and paying attention to their needs. With the help of social media, real estate professionals across the country are able to connect faster with this powerful generation.
Millennials are expected to represent over 50% of buyers in 2017. The question if this generation will revolutionize the real estate market will be answered very soon!
Massachusetts has always had an excellent reputation for its world-renowned hospitals, top-rated colleges and universities, and booming economy, but the Bay State just hit the ball out of the park compared to the rest of the nation. U.S. News & World Report recently named Massachusetts as the Best State in America. With almost 7 million residents spread across cities and suburbs, it’s obvious that Massachusetts is the place to be!
Even better, Boston Magazine just rated Hanover and Hingham as two of the Best Places to Live South of Boston! Hingham is a vibrant community that draws buyers for its location, but it’s the affordable taxes that has this town listed as a “hot spot” on the south shore. Hanover is a lovely town that has become more modernized over the years with new construction, but it’s long-time residents and affordable homes sets Hanover apart from its neighboring coastal towns.
If you are looking for a quiet neighborhood, excellent schools, rich history and culture, and beautiful beaches – all within minutes of some of the best doctor’s in the world – then south shore is the perfect place to call home!
The election has been over for three days now, and most people have had a chance to sit back and look forward. Election night was full of firsts. Naturally, it will be followed by several questions. One of the most common my clients have is, "what does this mean for the real estate market moving forward?"
As a member of the National Association of Realtors (NAR), I had access to a post election discussion hosted by NAR’s Senior Vice President of Government Affairs Jerry Giovaniello and Political Consultant Doug Sosnik. The Realtor Political Action Committee (RPAC) has had a very busy year lobbying on issues including tax on real estate services, rent control, affordable housing, and much more.
At the NAR event, Realtors from all over the US had an opportunity to ask questions. The biggest question at hand was, "what will Trump do to the Real Estate market?”
We all know that reducing regulation was a big platform for Trump. What does this mean for home buying? Over regulation adds to the cost of an affordable home, and it might be time to take a deeper look at this. For example, Banks will most likely see regulatory changes when it comes to lending. The Dodd-Frank Wall Street Reform and Consumer Protection Act was a big topic of conversation. This act was initiated in 2010 in response to the financial crisis of 2008. It protects borrowers from abusive lending and mortgage practices by bankers. It also required banks to increase reserve requirements. Smaller banks may experience a relaxation on regulations, and lending may get a little easier. On the other hand, the artificially low rates we have enjoyed for the past few years will almost certainly go up.
There was a lot of talk about flood insurance. The current flood insurance program is running a 24 billion dollar deficit, and it seems that flood insurance is an extremely difficult topic to agree on nationwide. Nevada, Florida, and Louisiana have very different views about flood insurance. This is why the issue pops up yearly and doesn’t look to be resolved any time soon.
Another significant thing to think about moving forward is the 2018 Governor elections. This will be a large and impactful class of new Governors, and it will be important for the RPAC to stand behind and support the governors that align with the RPAC initiatives. It is important to stay in a healthy lending market that protects buyers from overextending, but it is also important to keep regulations on home buying reasonable so that affordable housing can continue to be an option.
It does make me hopeful to think about all of the Realtors nationwide using a grassroots approach, through the NAR and RPAC, to act on the real issues that keep home ownership a possibility for all. Members of Congress do look to NAR for guidance. There are so many Realtors nationwide that can truly communicate real issues to Government officials.
Real estate is an important part of your investment portfolio, Not only is it likely your single biggest investment, it is something you can use and enjoy everyday. I always tell my clients that you can’t sleep in your 401K, and you can’t host Thanksgiving dinner in your kids' 529. The real estate market is robust and doing well. Despite your views on the outcome of this historic election - and there are certainly many - the future of real estate looks bright.
Cheers! - Regan
This past week, Vogue presented a lovely article on our own historic town of Duxbury. The article touches on some of our most beloved stops around town. The author, Todd Plummer, revealed delicious pizza at The Winsor House, local oysters of Island Creek, the oldest ship building locations at The King Cesar House, and more! But there are hidden treasures still in our acclaimed location that Vogue has not yet revealed.
One of the remaining hideaways? A traditional colonial sanctuary set on 10 rolling acres in the heart of it all. 1 Harden Hill sits moments from nearly every location mentioned by Plummer. Wake up to views of Duxbury Bay tossing softly, a golden summer sunrise in a quiet neighborhood, birds chirping in the stately trees that privatize your home. This location offers everything and more, and morphs this vacation oasis into your permanent residence. Take a look at our listing and wake up every morning in Vogue.
-Macdonald & Wood Sotheby's International Realty
Join us this Saturday, November 21st for the first annual Snug Harbor Day! Celebrate the upcoming holiday season on the patio outside of the Sweetser’s Building from 2-6 p.m. This event is free and will feature seasonal tastings and fun for the whole family. Macdonald & Wood Sotheby’s International Realty, French Memories Bakery, Snug Harbor Fish Co. & Snug Harbor Wine look forward to seeing you and celebrating. And don’t forget to shop locally and place your holiday orders!
This Saturday, September 19th, beginning at 10 a.m. is the first 5k run/3.5k walk, A Cure in the Nick of Time, in honor of young Duxbury resident Nick Curran. Nick is fighting Batten Disease and 100% of the proceeds for the race are going to the Beyond Batten Disease Foundation (BBDF) for research.
Nick, now 23 years old, was one of the most loved students at DHS during my time there. He is the youngest of three children- he has twin older sisters, Jess and Steph, who also attended DHS.
Nick was diagnosed with Batten Disease at the age of nine. Batten Disease is a lysosomal storage disease (LSD). Anyone from our high school who took biology remembers the rhyme that reminds us lysosomes are the garbage men of our cells. If the garbage men, or lysosomes, are functioning properly there is a buildup of intracellular waste in the brain and central nervous system. Overtime, the affected cells begin to die causing progressive neurological impairment including seizures, visual impairment or blindness, personality changes, dementia, and loss of motor skills including the ability to walk, talk and communicate. Eventually, after becoming completely incapacitated, sufferers of this horrible disease pass away, usually in their early twenties.
As of yet, there is no treatment for Batten Disease. Symptoms can be managed, but nothing can reverse or even stop the disease from taking hold.
Let's all rally around Nick Curran and his amazing family this weekend and raise some money for research! 100% of the proceeds will go to the Beyond Batten Disease Foundation (BBDF) for research.
Registration begins promptly at 9 a.m. at Duxbury High School. The course is the scenic Powder Point Loop beginning and ending at the high school. Runners and walkers of all ages and abilities are welcome and awards will be presented to top finishers. A raffle will be held in the high school cafeteria following the event.
Youth (Under 13 years old): $15
Pre-Registration will close Saturday, September 12th
If you can't make the run/walk, please click here to donate to the cause!
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