Marilyn Dashe Newsletter | December 2016
Welcome To My December 2016 Newsletter
The holidays are upon us, and we all know what that means. Whether we are traveling, or friends and family are coming, it’s hard to concentrate on much else. My MN family and friends are enduring -22F temps and 10 inches of snow, while we here in San Diego complain if the temp goes into “the high 40’s” at night. Here, the skies are sunny, and with a sweatshirt or sweater at night, you can do anything outside that you want.
For Thanksgiving, we took the train to Santa Monica and spent three relaxing days with friends at an Airbnb rental. We shopped, ate, walked on the beach, and visited the Getty Villa. Then early in December, RE/MAX At The Coast had a fabulous holiday party. Heather Nelson graciously offered her home as the venue for the party, and 25 of us enjoyed paella made on site, flan, sangria, and a beautiful sunset and evening by the ocean. It was a party truly to be remembered. And now, I’m looking forward to the arrival of my family and three grandchildren on the 22nd. Alex, my oldest son, will be here for 8 days with his wife and kids. Our special treat will be going to the Holiday Bowl game where the Minnesota Gophers will play Washington State. We will be tailgating and going to the game with the Minnesota crowd.
RE/MAX At The Coast is enjoying such a strong end of the year. We started the month by closing two escrows: Heather Nelson closed a property on Dora in Cardiff which will now be totally renovated. And I closed an escrow for a first-time VA buyer; he bought a wonderful detached house in South Carlsbad close to the highway for commuting and close to the beach. And it even has a great yard for Knox, his German shepherd. I can’t wait to see how he transforms the house. Heather Cole, our newest agent, listed a 2-unit property in Ocean Beach; in 6 days, she had 13 offers, many of them cash offers, and it’s now in escrow. Amazing! Finally, we are spending much time this month on business planning: marketing planning, new website development, goal planning, and of course, financial planning. It’s exciting; we’re ready to launch a huge growth year!
Fed Votes to Raise Rates: What’s Next for Housing: In an article this week. RIS Media explained that the key interest rate is rising the first and only time this year, with the Federal Reserve on Wednesday voting to raise it by one-quarter percentage point. The decision comes with the intent to raise rates three times in 2017. The hike is likely to have minimal effect on the average homeowner, whose monthly mortgage payment would only increase by $25, according to a recent Zillow analysis. Jonathan Smoke, the Chief Economist for Realtor.com stated that “the Fed announcement is going to have the greatest impact on first-time homebuyers as they consider their monthly payment budgets.” Mortgage rates will likely stay the same until about March so buyers considering a purchase in 2017 may want to consider getting into the market now.” If you are that buyer who is considering buying next year, buying sooner rather than later may be your best course of action. We are anticipating that inventory will start to increase right after the first of the year so it will be time to act.
We at RE/MAX At The Coast wish all of you a happy, healthy holiday and a prosperous New Year ahead! We are so excited about our plans for the New Year and hope you will visit us and be part of our success in this coming year. We value all of you and appreciate your referrals!
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