First Time Buyers – Millennials Could Fuel Starter Home Market
First Time Buyers – Millenials All those Millennials who moved in with their parents after college may finally be ready to move out and buy their own homes, say researchers at Harvard’s Joint Center for Housing Studies.
Over the next decade, the number of households headed by people in their 30s should increase by 2.7 million. This will provide a strong lift to the starter home market.
“Ultimately, the large millennial generation will make their presence felt in the owner-occupied market,” said Daniel McCue, research manager of the Joint Center, “just as they already have in the rental market, where demand is strong, rents are rising, construction is robust, and property values increased by double digits for the fourth consecutive year in 2013.”
A BMO Harris Bank survey confirmed what Harvard predicts. It found 32% of 18- to 34-year-olds plan to become homeowners over the next year. A whopping 74% of millennials said they expected to be homeowners within five years. First Time Buyers – Millenials.
Celebrate 4th of July in Candlewood Lake Danbury CT
There is an unwritten law that if you own a Candlewood Lake home, you must have a 4th of July party topped off with fireworks. The perfect time to do that is on June 28th, with a rain date on June 29th, when fireworks will light up the sky of Candlewood Lake Danbury CT at dusk.
The city of Danbury will also hold their annual Fireworks Celebration on July 3rd (rain date on July 5th). Bands and entertainment will start at 6PM with local favorites Fast Ricky and The Zoo playing during the fireworks display. Bring your kids and let them enjoy the fun inflatables and much more!
You can also celebrate the 4th of July in Fairfield where fireworks will light up the sky just before dark around 9:15PM from a barge off Long Island Sound, making the show easily seen from either Jennings or Penfield Beaches.
Independence Day celebrations will be held in New Milford on July 5th (rain date July 6th). The fireworks display will start at dusk on July 5 and launched from the Fort Hill area. Come see the giant cake which will be made and served by The Woman’s Club.
The Lion’s Club Carnival will run from July 3 to 4 at Young’s Field from 6-10PM, and July 5 from 5-10PM
Celebrating the 4th of July couldn’t get any better than enjoying fun, food, and fireworks with your family and friends in Candlewood Lake Danbury CT. So make sure your next 4th of July celebration will be in your very own Candlewood Lake home.
Call me, Deborah Laemmerhirt now at 203-994-4297 and let her assist you with everything you need to know about selling Candlewood Lake properties. Her years of experience as a preeminent real estate professional in Ridgefield, Redding, Wilton, New Fairfield, Brookfield, Bridgewater, Roxbury, Washington, Weston, Westport, Southbury, Kent, Sherman, Easton, and Bethel, CT, combined with her dedication to providing the finest service will make it easier for you to find your dream home in Connecticut.
Hardwood Floors are still the trend
Hardwood Floors are still the trend; now how to use rugs to get the best effects in each room and space. Follow these five tips from Kimberly Leach, a designer with FLOR in the trendy Washington, D.C. neighborhood of Georgetown, to get the most bang for your rug bucks:
Measure Your Space
Use painter’s tape to mark the boundaries of the rug size you’re envisioning. This will give you a great visual reference that will help you select the perfect size.
Adjust With Color
A rug’s color palette can influence the perceived amount of light and space in a room. Decorating a dark room? Go with a warm-colored rug, yellows, oranges or reds, to enhance the space. Lighter-colored rugs will make the space feel more open while darker rugs will provide a more intimate setting.
Keep Mood In Mind
Think about what kind of role you want the rug to play in your space and what mood you want to convey. If you want to make a statement, select your rug first and design around it. But, if you’d like the rug to be an accent, make sure it compliments other design elements in the room such as color.
Don’t Let Patterns Scare You
There’s a trick to using patterns. Pick a color theme and use big swatches of color to anchor the spaces. Keep oversized patterns in check by limiting them to well-defined spaces and balancing with solid walls, furnishings or rugs.
See-Throughs Open Up The Space
Try incorporating Lucite or open-weave materials into the room, they’ll help keep a light and airy feeling. If the area doubles as an entry, keep the two separated and well-defined with rugs for each space in a unifying color theme so both spaces coexist in harmony.
Market Stats for Brookfield CT.
Market Stats for Brookfield CT. How is the market doing in Brookfield CT?
Let's check it out!
Based on the median price sold graph above it appears sale price is decreasing in 2014, however median price can get thrown off by one or two homes in the totals. So let's look at the following graph which starts in 2004, showing the slope downward of the bars layered by price and then the start of the rebound. The last two columns compare starting months for 2013 and 2014. Stronger start last year but too soon to tell. It appears that Brookfield CT home prices are increasing:
Interested in getting more information on Brookfield Schools? Click on the image below. Use the tabs across the top to change information to search. Change zip code to switch towns.
Market Stats for Brookfield CT
Your flood insurance premiums won't rise more than 18 percent a year under a flood insurance bill passed by Congress and on its way to President Obama. Premiums for homes located in one of the nine flood risk categories insured by the National Flood Insurance Program can rise no more than 15 percent in a year.
The new law sets aside big changes Congress made in the flood insurance program back in 2012. Those changes caused premiums to rise for homeowners, in some cases by tens of thousands of dollars a year.
The NFIP, run by the Federal Emergency Management Agency, should also “strive” to limit premiums to 1 percent of the policy amount. For a homeowner taking out the maximum $250,000 in building and $100,000 in contents coverage in the highest risk area, that would be a $2,500 premium.
The bill also reinstated a prior FEMA policy that let homeowners who pay lower “grandfathered” flood insurance rates pass those rates along when they sold their homes.
Flood insurance rates can rise because FEMA adjusts flood maps and building regulations change.
The 2012 flood insurance bill limited the grandfathered rate to the current home owners. YOUR Flood Insurance Premiums. That meant new buyers had to pay flood insurance premiums so high that it was making it hard to sell homes in some areas.
Now, homeowners who had to pay the increased premiums after the 2012 bill will get refunds. And homeowners who faced higher premiums because of flood map changes will have their premiums limited to 18 percent annual increases.
Going forward, all primary home owners will pay a $25 annual surcharge. Owners of second homes and investors will pay a $250 per year surcharge. YOUR Flood Insurance Premiums.
Is Home Ownership A Good Investment? It's often said that the American dream is to own a home with a yard and a white picket fence. In fact, it's become a bit of a stereotype. But like many stereotypes, it is grounded in truth. Besides the sense of security, what makes owning a home so attractive is that, for most Americans, this is their entry into the world of investing.
Why is homeownership such a good investment? Over time, as your mortgage balance decreases, your equity increases — even if the value of the home fails to follow. And equity means money you can quite literally take out of your home to use as needs arise.
No matter how much rent you pay over the course of your lifetime, you never establish equity. However, keep in mind that if the value of your home decreases, you could end up owing more than your house is worth.
In addition to equity, you can benefit financially from home ownership because of the tax breaks. Homeowners can claim federal mortgage interest deductions that aren't available to renters. Is Home Ownership A Good Investment?
In addition, the profit you get from selling your home may be exempt from the capital gains tax you would pay on profits earned from an ordinary investment.
Under the current tax code, a married couple filing jointly can pocket up to $500,000 of gain without owing any federal income taxes from a home sale if they have owned and used the home as a principal residence for two out the previous five years. Unmarried or married taxpayers filing separately can pocket a gain of up to $250,000 without owing any federal income tax.
Homeowners can also leverage their real estate investments by using borrowed money to their financial advantage. When you buy a home, you generally make a cash down payment up to a specified percentage, depending on the lender's requirements. The balance is financed through a mortgage. Over the next few years, assuming the value of your home increases, it is now worth more than you originally paid. When you later decide to sell, after you pay off your original mortgage, you will realize a profit equal to the percent of increase in the value of the home. That's what is known as leveraging debt to make a profit. Is Home Ownership A Good Investment?
Candlewood Lake Club Home For Sale in Brookfield CT – 23 Indian Trail
Enjoy the many benefits of living in the community of Candlewood Lake Club in this gorgeous Brookfield CT home. Comfort and convenience in this neighborhood with a private golf course, a golf club house, access to the beach, tennis courts with cabana, a marina, and so much more. With 4 spacious bedrooms and 2.5 baths, a gorgeous living room with a cathedral ceiling, a stone fireplace and a mesmerizing view of the lake, a large kitchen equipped with stainless steel appliances, granite counters and decorator cabinets, this home has it all! Spend lovely afternoons in the huge porch with spectacular lake views, the oversized stone patio off the kitchen and the back foyer. You get all these and more in this stunning Brookfield NJ home!
This stunning Brookfield CT home for sale is presented by Deborah Laemmerhirt of Keller Williams Realty, Call 203 994 4297.
For more information visit: https://homesinconnecticutforsale.com/
CT Candlewood Lake Club
Are you looking to find a residential community to move to? CT Candlewood Lake Club is unique in it's offerings. You will find a variety of homes from cabins to upscale lake homes in a wide price range. Life in Candlewood Lake Club is truly a lifestyle.
The elegant Club House is the setting for a variety of activities including holiday and summer events, luncheons and a variety of additional gathering. You'll also find a library, regular open bridge games and members can rent the facility as well. The Club House is located on Candlewood Lake overviewing the beach and marina. You can enjoy dynamic views from the sweeping front veranda.
Enjoy the beach or relaxing on your boat at the marina. Each member has a boat slip and winter boat storage as needed. During the summer there are children's camps and other activities.
The golf pro shop and nine hole course is for members only and requires no additional fees if used. Can you imagine driving your golf cart from home to play golf, essentially in your own back yard? What a great way to start your day.
Take a look at the homes currently available in the CT Candlewood Lake Club Community:
Candlewood Lake Club is located in the Connecticut towns of Brookfield and New Milford directly on the shores of Candlewood Lake. All facilities and services are private and covered by the association fees. There are no additional charges for use of any of the offerings. Each owner is a member of this private club. Come live in a resort all year round. Conveniently located for area amenities and down county or New York State commuting.
Want more information on Candlewood Lake homes available? Call the CT Lake specialist – Deborah @ 203-994-4297. Plan now for the upcoming season.