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Did You Know?
Our fantastic military uses a wetsuit underwater that does not release bubbles so our divers can remain undetected…..Thank you Drager.
Did You Know?
Global annual water consumption of AI could reach between 4.2 - 6.6 billion cubic meters by 2027, which is roughly equivalent to the annual water usage of Denmark. Is there an AI center in your area that could impact water supply for homes? Worth checking.....
Did You Know?
According to the U.S. Census Bureau, over a quarter of all households in the U.S. now house only a single person—the amount having tripled from 1940 to 2020. (US CENSUS)
Did You Know?
A January WalletHub report compared the 50 U.S. states to determine which one is the best place to raise a family evaluated across five key dimensions:
- Family Fun
- Healthy and Safety
- Education and Child Care
- Affordability
- Socio-economics
....and the top five were: Massachusetts (third year in a row!) followed by Minnesota, North Dakota, Nebraska, New Hampshire, New York, Illinois, Wisconsin, Maine and Connecticut. (CNBC) And Emerald Bay, of course!
Did You Know?
Between 2019 and 2024 in the luxury goods sector price increases accounted for more than 80% of growth, while volume gains were more moderate. This applies to many real estate markets too.....when the VOLUME market returns - combined with elevated prices - brace yourself!
Did You Know?
The luxury sector’s rapid expansion over the past 5 years has led to overexposure and has weakened the industry’s promise of exclusivity, creativity, and craftsmanship. Brands increased prices, though some failed to sufficiently adapt their creative strategies and supply chains to meet new scale requirements, thereby weakening their core value proposition and ultimately failing to keep their promise to clients. Even the brands that have evolved over the past several years are subject to increased pressure, as consumers are questioning the luxury promise—one of uncompromising product quality and personalized, white glove experiences—and demanding more innovation. (McKinsey)
Did You Know?
The SILVER TSUNAMI Market.... one where lots of aging boomers live that will soon be selling their homes.....thereby growing potential inventory? This could be an outstanding opportunity zone for renovators: identifying these properties to sell to a renovator client allows new buyers to finance the entire purchase AND move in instantly without doing any renovation work they may not have the time, knowledge, will or connections to do themselves. Many are willing to pay a premium for this luxury. Over the next 15 years, over a quarter of the US’s currently owner-occupied homes are likely to hit the market. Currently, 33.9% of owner-occupied U.S. homes are owned by residents aged 60 or older, and 55.2% by residents aged 50 or older. The 32 million homes owned by boomers will drop to 23 million by 2035.....that's 9 million worth of housing inventory and lots of it needs renovation or replacement. (Business Insider).
Did You Know?
In 1982 when Forbes started the FORBES 400 richest people, the entry level net worth was $75 million....today you need at least $3,2 billion! That equates to about 9.15% annual Forbes-400-flation? (FT)
“If what you’re hoping or wishing for is an interest rate at 4%, or housing prices to drop 20%, I personally don’t think either one of those things is remotely likely in the near term,”
– Lee Baker (CNBC)
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