Real Estate Market Trends for Summer 2016

Real Estate Market Trends For Summer 2016

by MATTY BYLOOSJUNE 20, 2016

Real Estate Market Trends for Summer 2016

Another spring is over, another summer just begun. As we head into the warmest months of the year, the real estate market typically tends to cool a bit, following the hottest buying season of the year. But with everything that’s happened in the housing market over the last few years, 2016 may be anything by typical. So let’s take a look at what may be in store for this summer.
real estate market trends 2016

Lack of Available Homes to Purchase Likely to Remain an Issue

As the rental market has continued to heat up over the last few years, a general lack of inventory has slowed sales in many markets nationwide. This has been a primary driver of prices post-crisis, but with prices likely to “normalize” or at least slow their steady climb over the course of the summer, lack of inventory may be less of an issue than it has been recently.

Trouble With Financing for Younger Buyers Likely to Remain an Issue

Millennials, the second largest generation in the history of the United States and the largest living generation, are still having a difficult time making it into the market. Despite their expressed desire to own their own homes, many younger buyers are having trouble getting the funds together to meet the current down payment requirements for financing a home.

This is primarily due to a combination of massive student loan debt, rising rents, and stagnant wages. The federal government may ease some financing restrictions put in place following the recession, but announcements have not been forthcoming.

real estate trends 2016

Rising Rents, Lack of Rental Inventory, and Stabilizing Home Prices

The rental market will most likely continue to heat up through the summer, making rental inventory an even greater issue as home prices continue to stabilize, following a period of significant growth. This will likely provide incentive for a great many buyers who may not otherwise have entered the market this summer.

However, mortgage rates are also expected to continue to climb. This will drive up debt-to-income ratios, especially in areas with the highest home prices, keeping some out of the market for credit issues mentioned above while driving others into the market looking to capitalize on lower rates than they will be able to get for what may be a very long time.

The Bigger Picture

So, what does it all mean? Despite, the challenges to many hoping to enter the market as buyers this year, rising rental rates coupled with moderate growth in home prices and rising mortgage rates should drive a busier than typical summer buying season. However, lack of available homes in some areas will present an issue to many buyers.

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Visit www.boldmovesrealestate.com for more information on the real estate market and  great properties for sale.

This blog was posted on www.boldmovesrealestate.com on June 30, 2016.

 

 

Walls Up at Fieldstone Farm Market in Marion

Construction  of Fieldstone Farm Market is well underway.  The walls are going up as planned in preparation for a fall opening.  Fieldstone Farm Market, owned and operated by Arnie Johnson of Rochester will offer fresh fruits and vegetables as well as an ice cream window.  Stay tuned to our website for more updates as construction continues.  Arnie is very excited to be bringing a new, customer friendly market to Marion with local and fresh produce.

Fieldstone Farm MarketFieldstone Farm Market

 

Visit www.fieldstonefarmmarket.com for more updates as construction continues for a fall opening.

This blog was posted on www.fieldstonefarmmarket.com on June 21, 2016.

Visit www.boldmovesrealestate.com for more local news in the neighborhoods we live and work in.

Six Landscaping Mistakes

 

landscaping6 Landscaping Mistakes That Will Destroy Your Yard
By
Jamie Wiebe

6:30 am ET
March 29, 2016

As warmer temps approach—quite slowly, depending on your part of the country—you might already be sweating your lawn. And with good reason: Good landscaping can add up to 28% to the overall value of a home.

But even for those blessed with the greenest of thumbs, landscaping offers plenty of potential for disaster: Do too little, and the effect won’t be noticeable. Too much, and everything might die. And introduce the wrong plant? Say goodbye to your entire yard. Scary!

Here are six big DIY landscaping pitfalls to avoid like a case of poison oak—straight from the pros!

1. Planting ‘mulch volcanoes’

Don’t stop there—flatten (loosely!) your mulch to avoid a volcano.
Don’t suffocate your newly planted trees with the dreaded “mulch volcanoes”—piles of the insulating organic matter that rise as high as a foot up the trunk, says central Virginia arborist Michael Rittenhouse Rigby.

Mulch is designed to control the soil temperature and keep it moisturized—but to do so properly, it must be applied loosely. Tight packing strangles the tree and softens the root collar, a nonwaterproof section of the tree’s trunk. The result: rot, invasive insects, and suffocated roots.

“Mulch mounds may look like the norm, but it’s a harmful practice,” Rigby says. Remember kids: Mulch mounds are not cool.

2. Choosing wrong or ‘dangerous’ plants

Feathery fountain grass can pose a fire hazard.
One of the biggest mistakes an amateur landscaper can make is choosing an invasive plant, which can quickly grow out of control.

The biggest offender? Bamboo—it’s almost impossible to control. Without your own giant panda to do the trimming, you’ll find your yard overrun with tall, tough stalks that take years to fully remove.

Other offenders? The plants often found in “drought-tolerant” sections of big-box nurseries, according to Cassy Aoyagi, the president of FormLA Landscaping in Tujunga, CA.

In particular, beware of Mexican feather grass, fountain grasses, and pampas grasses, which can be fire hazards due to their dry leaves and flowering stalks.

“Having this sort of foliage on slopes can be especially dangerous in an El Niño year,” Aoyagi says.

3. Poor planning

Just like your class photos, tall ones go to the back.
Before you even put your hands in the dirt, carefully work out a design on graph paper to understand your space requirements, advises landscaper John Crider of Crider Landscaping in Soddy Daisy, TN.

“Measurements are key,” Crider says. “Like a good carpenter, measure two times and cut once.”

For small areas, stick with flowering perennials and skip large shrubs. As a general rule, taller plants should go toward the back and smaller plants in front.

Once you know what size foliage can fit without overcrowding, research specific plants (Crider suggests using Pollinator Partnership) and sketch them into your design.

And even if it can fit, don’t plant too big—that’s a rookie mistake.

Large foliage might look impressive, but it has a hard time taking root. Small foliage grows nicely and has a better chance of survival.

4. Using too much gravel

This gravel’s too hot to handle.
With drought-tolerant landscaping, you can have too much of a good thing. Enter gravel, landscaping’s double-edged sword.

Gravel does save water. But it also reflects heat toward any plants nearby, damaging all but the hardiest plants. Any heat that gravel doesn’t reflect, it absorbs, essentially baking the roots of your plants.

And that’s to say nothing of future plantings: Gravel can get mixed into the underlying soil, making it too hard to absorb rainwater, Aoyagi says. And it’s nigh impossible to add more foliage to hard, dry soil—meaning you’ll be stuck with the plants you already have.

5. Installing artificial grass improperly

Fake grass can still give you some real problems.
Sometimes the grass really is greener on the other side. But only if you install it correctly.
There’s nothing wrong with choosing fake grass over the real stuff, especially if you live in a drought-ridden region. Today’s artificial turf is almost indistinguishable from a live, lush lawn, minus the upkeep.

They key is to make sure you’re installing it correctly—not just plopping it on top of your dirt. You’ll want to consult an expert, but generally, you should excavate 3 inches below the finished grade and install a sub-base, according to Chad Vander Veen, marketing and communications manager for Purchase Green Artificial Grass.

Because native soil expands and contracts depending on its water content, it can create “wrinkles, dimples, or soft spots, and a very uneven surface,” Vander Veen says. A sub-base “will ensure an artificial grass installation will continue to look good for the duration of its 15- to 20-year life.”

If you’re using multiple pieces of turf, you’ll want to make sure they’re properly seamed. Discuss the best way to lay your turf with your supplier, who can help you create a clean, unnoticeable line.

6. Building out near trees

Damage to tree roots could creep up on you. Get it?
Thinking of adding an in-law suite? Or perhaps you want to make your garage into a man cave. We’re all for it. But if your yard features large trees, you’ll need to protect them before embarking on any construction that might touch the roots.

You might not see the dire effects of damaged roots for quite a while—until a storm causes the rotting trunk to come crashing onto your roof. Or, if you put your home on the market, that giant dying limb hanging over your daughter’s bedroom could knock thousands off any offer, Rigby says.

Hire a tree care specialist if you’re planning any construction projects in your yard. Experts can ensure your work doesn’t touch the delicate root system, which causes irreparable—and expensive—damage.

www.realtor.com

Visit www.boldmovesrealestate.com for more tips for your real estate clients.  Find out how you can be a real estate agent with Agent Rising Real Estate School.

This blog was posted on www.agentrising.com on June 17, 2016.

 

LaSalle Beats Moses Brown

          D-I boys lacrosse: La Salle beats Moses Brown, takes home 5th straight state title

 La Salle captain Michael Dignan (3) is rushed by his teammates as he holds up the Rams' championship trophy.KRIS CRAIG / The Providence Journal |
 La Salle captain Michael Dignan (3) is rushed by his teammates as he holds up the Rams’ championship trophy.
    • By Bill Koch
      Journal Sports Writer

      Posted Jun. 6, 2016 at 9:27 PM

      PROVIDENCE — The unsettling proposition for the rest of the state’s boys lacrosse ranks?

      This could have been the season La Salle Academy was vulnerable.

      Starting just two seniors and graduating Duke-bound All-American Joe Manown, the Rams’ four-year R.I. Interscholastic League Division I title string seemed a difficult one to extend. Perennial powers like Moses Brown and Bishop Hendricken figured to provide the usual stiff opposition on the way to the season’s final weekend at Brown University.

      That’s what made La Salle’s performance throughout 2016 all the more impressive, including Monday’s title matchup at Stevenson-Pincince Field. The Rams took home the crown yet again thanks to a thorough 7-1 victory over the Quakers, as La Salle led wire-to-wire and pitched a shutout over the final 40 minutes.

      Drew Edwards claimed most valuable players honors thanks to his five goals and goalkeeper Nick DiMuccio was sharp when called upon, stopping seven of the eight shots he faced as the Rams cemented a top-30 national ranking with a perfect season.

      “I don’t like to call it dominance,” La Salle coach Steve O’Donnell said. “I just think it’s an intended consequence of working hard. That’s the best way to describe it.”

      Edwards needed just 17 seconds to put La Salle in front, and there was no late drama forthcoming like in last year’s 9-8 finals thriller against the Quakers. The Rams methodically added to their cushion with three more Edwards goals in the third quarter and possessed the ball enough in the fourth to prevent Moses Brown’s attackers from ever mounting a charge.

      “They were playing me with a (short pole) and I usually have a long pole on me,” Edwards said. “My teammates did a great job finding me and I was able to find the net.”

      La Salle (14-0) picked up right where it left off in a 20-2 semifinal win over Barrington, as Edwards raced down the middle and fired a shot past Moses Brown keeper Sam Alofsin just after the opening faceoff. The Quakers’ response after winning the ensuing faceoff was to go into a prolonged stall, holding the ball behind the Rams’ cage and earning some jeers from the capacity crowd that filled the bleachers.

      Moses Brown’s fears proved justified after an eventual turnover, as Matt Manown sped the other way and doubled La Salle’s lead almost immediately at 4:14. Evan McGreen’s lefthanded rip from out high made it 3-0 and goals exchanged by Quakers’ attack Brit DeFeo and Edwards ushered in a combined 13:13 scoring drought into halftime.

      “If they got ahead early and they just held the ball there was nothing we could do,” Edwards said. “Getting that lead made them go to the net and our (defense) is great, too.”

         Moses Brown (11-4) fell short against La Salle for the fourth time in five years despite a 17-9 semifinal rout of the Hawks. Eight underclassmen in the starting lineup should have the Quakers in strong position to reach the final again next season and take another crack at what is becoming the state’s lacrosse dynasty.

      Manown and Mike Dignan — both midfielders — served as co-captains and join their fellow seniors among just the second graduating class to exit with four championships at the state’s top level. O’Donnell expects La Salle to reach the same heights next season, with another group of leaders already willing and able to step in.

      “We have freshmen, sophomores and juniors now who will take the lead,” O’Donnell said. “We lose a lot of seniors, but we do every year. It’s just a program. It’s a great culture. I hope it stays this way forever.”

      LA SALLE (7): Drew Edwards 5, Matt Manown, Evan McGreen; assists — Connor Severino, McGreen, Manown. MOSES BROWN (1): Brit DeFeo. Halftime — LSA, 4-1. Saves — Sam Alofsin, MB, 7; Aren Olsen, MB, 0; Nick DiMuccio, LSA, 7; Travis Pereira, LSA, 0.

      — bkoch@providencejournal

      BOLDIES Laura Severino’s son Connor is a member of the La Salle Lacrosse Team.

      Visit www.boldmovesrealestate for more local news and great properties.

      This blog was posted on www.boldmovesrealestate.com on June 9, 2016.

    Fieldstone Farm Market in Marion Update

    Here is the latest update for Fieldstone Farm Market of Marion.  The foundation has been poured and Arne Johnson, owner, is hoping to see the walls start to go up next week.  There is lots of activity at the site of the former Frigate Restaurant on Rt. 6.

    The fruit and vegetable market will have fresh produce with an emphasis on fresh and local.  Having worked in the local produce field for many years, Arne has lots of experience in bringing the best possible fruits and vegetables to the community.

    There will also be an ice cream window with local flavors.  Look for the fall opening of Fieldstone Farm Market and more updates as construction continues.

    Visit www.boldmovesrealestate.com  and www.fieldstonefarmmarket.com for more updates as construction continues.

    This blog was posted on www.boldmovesrealestate.com on June 1, 2016.