Getting in the Holiday Spirit

December 11, 2021

Good morning,

27 Homes have sold in Emerald Bay in 2021 with prices ranging from $3.9M - $13.1M.

Real estate data is encouraging and supportive of a robust housing market being maintained well into the new year. Although rates have generally been trending up and competition has eased slightly as a result, mortgage applications and closed sales, particularly in our beach cities have remained strong.

I hope you're getting into the holiday spirit and are excited to celebrate the magic of the season. I certainly am!

If I can assist you in any way, please don't hesitate to reach out to me!

Information + Updates

Did You Know? In the last year, more homes have sold in Emerald Bay than any other year….. check these stats out…

Homes selling per year in Emerald Bay

2021 - 27

2020 - 21

2019 - 11

2018 - 18

2017 - 11

2016 - 16

2015 - 17

2014 - 19

2013 - 7

2012 - 11

2011 - 11

2010 - 3

2009 - 5

2008 - 2

2007 - 1🤔

2006 - 1🤔

2005 - 5

2004 - 2

2003 - 9

2002 - 6

2001 - 5

Did You Know? Total U.S. household net worth rose $2.4 trillion to $144.7 trillion in the third quarter (That's up almost 24% in ONE YEAR!). Inflation is expected to have surged to over 6.5% as the economy roars back to life with unprecedented speed. Household debt rose at a 6.2% annual rate in the 3rd quarter, down from a 7.8% rate in the prior quarter. Consumer credit rose at a 5.3% rate in the 3rd quarter, while mortgage debt grew at a 7.8% rate. Federal government debt fell at a 1.3% rate in the 3rd quarter after jumping 9.6% in the prior quarter. Government debt soared 62.5% in the 2nd quarter of 2020. (Marketwatch)

Did You Know? The world’s population is currently estimated to be at 7.8 billion people. According to some estimates, the global population should peak at around 9.7 billion in 2064. Imagine how many homes need to be built to house almost 2 BILLION extra people over 40 years! If 4 people share a home, that equates to about 12 million new homes per year! Then, population could fall to 8.79 billion in 2100.....maybe a good year to wait to buy a new home? 😉

Did You Know? The top wealthiest 0.01%, a club with some 520,000 members worldwide, saw their share of global wealth increase to 11% from about 10%. The world’s remaining billionaires saw their share grow to 3.5% of all wealth from about 2% before the pandemic. Since 1980 the bottom 50% of the world’s earners saw their incomes rise between 50% and 200%. Since 1995 the wealth of the poorest 50% globally has increased 3-4% a year. Warren Buffet had a net worth of around $350 million in 1980....today its around $100 billion.... (WSJ)

Did You Know? An estimated 329,717 new residents moved to Florida between April 2020 and April 2021, according to state figures. Florida is the 7th-fastest growing state in the U.S., with a growth percentage of 1.12%. Florida’s population is about 21,7 million people. Florida is the 3rd-largest state by population in the US. Idaho is the fastest growing state fueled by its surging Tech sector, followed by Arizona, Nevada, Utah, Texas and South Carolina.

"The economy is extremely strong. Almost every parameter you look at from employment to capital spending to small business, purchasing manager indicators, the economy is roaring ahead. I don't think a recession is imminent. If the economy maintains its momentum it can withstand several rate hikes." –Byron Wien, Blackstone