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Knock names Jacksonville, FL one of the top 10 places for Baby Boomers to live!

24 Monday Jan 2022

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Top 10 Housing Markets For Every Generation in 2022

Alexandria Quintana January 20, 2022

2021 was an unprecedented year for the housing market, leaving many buyers still actively looking for their dream home. We at Knock wanted to provide our outlook on the top 10 housing markets in 2022 for each generation that will provide affordability and availability of homes for buyers in the metros best suited for their stage of life.


Our analysis found that out of the top 100 MSA’s, the metros selected for the millennial, Gen X, and baby boomer generations shared distinct commonalities across that age group that highlights their unique preferences:

Millennials

Considering that 82% of younger millennials and 48% of older millennials are first-time homebuyers, more affordable and less competitive metros position this generation with higher odds at landing a home.1 Our data shows that top millennial metros boasted affordability and availability of homes, above-average employment levels in the tech, finance, and healthcare industries, as well as high population shares of millennials, and strong year over year population growth of the generation.2

Gen X

Statistically, at the height of their career and most likely to have school-aged children, top Gen X metros tend to lean on the pricier side, where there are strong levels of management positions across industries, top-rated school systems, and larger homes on average.

Baby Boomers

A generation that is most likely approaching or enjoying retirement, their top metros have move-down appeal from costlier locales, as well as lower tax rates, ample access to primary care, largely moderate climates, and low crime surroundings.

A National Look at 2022

Overall, in the next year as interest rates rise, we anticipate median sale price growth to moderate significantly across the country at less than half of the growth rate experienced in 2021. However, due to pent-up demand, we will continue to see constrained supply resulting in lower days on market and months of supply.

2022 National Forecast

MetricsAverage 2021Average 2022YOY Change
Median Sales Price$369,413$399,4848%
Sales Price YOY18%8%-10%
Median Days on Market2220-9%
Months of Supply2.382.14-11%

Furthermore, our data shows that housing prices will fluctuate at varying levels across the country. In 2022, we anticipate the Northeast to have the lowest levels of median sale price increases as more Midwest and Southern markets provide higher levels of affordability, and lower cost of living for all generations, while secondary markets in the West continue to attract transplants from higher-cost metros in the region:

2022 Regional Forecast

RegionMedian Sales PriceSales Price YOYMedian Days on MarketMonths of Supply
Northeast$335,4067%272.60
Midwest$282,8359%222.28
West$668,12311%201.80
South$341,18013%292.23

Our analysis denotes 10 top markets for each generation that boast affordability and availability of homes in areas best suited for each generation:

Knock’s 2022 Top 10 Housing Markets for Millennials

The largest contingent of homebuyers, the millennial generation, spans 15 years, with the youngest 25 years old and the oldest having celebrated their 40th birthday in 2021. Migrational trends show that as millennials grapple with affordability amidst soaring home prices, many have spread their wings to smaller metros for a shot at homeownership. When compared to the 100 largest metros, the 2022 top millennial markets are 11% more affordable and offer 19% more homes for sale on average. In these metros, millennials make up 20-25% of the population on average. They also attract an average of 90% more inbound millennials year over year than the largest 100 metros and have 1.17 times the national average concentration of jobs in the tech, finance, and health industries.See Millennial housing markets

Knock’s 2022 Top 10 Housing Markets for Gen X 

Aged 41 to 56, Gen Xers are statistically at the top of their careers and most likely to have school-aged children. The best markets for Generation X tend to skew pricier, but still offer relative affordability, available inventory, space without sacrificing career opportunities, good schools, an abundance of green space and family-friendly activities. In 2021, the median home in the best Gen X markets was 17% more expensive than the U.S. median-priced home, but offered relative affordability compared to New York, San Francisco and Seattle. Homes in these markets provide 150 more square feet than the national average. These markets also have strong job markets with a diverse employer base, 1.2 times more managerial positions than the national average and a larger than average number of highly ranked school systems.See Gen X housing markets

Knock’s 2022 Top 10 Housing Markets for Baby Boomers

Baby boomers, the generation born between 1946 and 1964, have handed in their resignations in record numbers since the start of the pandemic, providing the freedom to cash in on the equity they’ve amassed in their homes. The markets on this year’s list offer retirees affordability and tax-friendly advantages that allow them to stretch their dollar further as well as access to good healthcare, strong diverse economies with part-time employment opportunities, culture and recreational activities. Nine of the 10 metros are college towns, affording the opportunity for boomers to continue their education. On average, residents pay 75% less in sales, property and inheritance taxes than the national average. They also have access to 35% more primary care physicians per 100,000 residents than the nation’s 100 largest metros and thousands of active adult communities.See Baby Boomer housing markets

Knock’s 2022 Top 10 Housing Markets for Millennials

1. Austin, Texas

Forecasted 2022 Median Sale Price: $519,005

Forecasted 2022 Median Sale Price Change: 15%

Forecasted 2022 Months of Supply: 2.6

It’s no surprise that Austin ranks as the No.1 metro on this year’s list of top millennial markets. The market boasts 40 times more inbound millennials on average than the other 100 largest metros. Austin increasingly has been noted for its growing tech industry, with over double the national average of tech jobs. Although home prices grew more than 30% in 2021, it continues to be more affordable than Silicon Valley and other major tech hubs. Home to the University of Texas, Austin offers a vibrant downtown with live music, bars, restaurants, festivals, and outdoor activities, making it a great place to both work and live.

2. Des Moines, Iowa

Forecasted 2022 Median Sale Price: $267,060

Forecasted 2022 Median Sale Price Change: 8%

Forecasted 2022 Months of Supply: 2.3

Iowa’s capital city and home to a number of financial services companies, including Wells Fargo, Principal and Nationwide, and a growing tech industry, Des Moines is drawing nearly 15% more millennials on average each year than the 100 largest metros. It also is growing in popularity as a potential innovation hub. In 2021, the median-priced home in Des Moines was $249,059, $120,000 below the U.S. median home price. Des Moines was named a Top 10 Best Place for Business and Careers by Forbes in 2019, the No. 5 Best Place to Live in the U.S. by U.S. News & World Report in 2020 and the No. 1 Best Place to Live in the Midwest for High Salaries and Low Cost of Living by The Ascent in 2021.

3. Charleston, South Carolina

Forecasted 2022 Median Sale Price: $368,613

Forecasted 2022 Median Sale Price Change: 6%

Forecasted 2022 Months of Supply: 2.6

Offering the charm of a harborside city with cobblestone streets, warm sandy beaches, parks and a quaint downtown area with bars, restaurants and coffee shops, Charleston is a popular tourist destination. It also is routinely included on lists of the “next Silicon Valleys” and has emerged as a desirable location for a wide range of technology-based companies, making it a millennial magnet. Charleston’s low cost of living also makes it a great place for those who have the flexibility to work remotely. With the second-highest number of homes for sale out of all of the top 10 millennial metros, Charleston not only offers affordability but a better chance to find a home.

4. San Antonio, Texas

Forecasted 2022 Median Sale Price: $326,994

Forecasted 2022 Median Sale Price Change: 15%

Forecasted 2022 Months of Supply: 2.2

Home to the Riverwalk and the Alamo, San Antonio has an active downtown area with boat rides and many bars and restaurants lining its miles of pedestrian-friendly streets. It also has an above-average concentration of tech and healthcare jobs and boasts a top 5 tech salary out of the 100 metros at $101,540, surpassing Austin. With the typical San Antonio home selling for nearly $200,000 less than a comparable home in Austin and a strong job market, San Antonio is becoming a more affordable alternative, attracting over 7,000 movers from the Austin area to San Antonio in 2019. 

5. Atlanta, Georgia

Forecasted 2022 Median Sale Price: $372,457

Forecasted 2022 Median Sale Price Change: 16%

Forecasted 2022 Months of Supply: 1.9

The capital of Georgia and the nation’s ninth-largest housing market, Atlanta has a diverse job market, including a higher than an average number of tech, finance and healthcare employers, and is home to big companies such as Coca-Cola, The Home Depot, and UPS. The area has been noted as one with the best value, offering its residents a median sale price that is 25% lower than the nation’s top 10 metros and homes that are nearly 400 square feet larger on average. With its affordability, nightlife, entertainment, major league sports as well as outdoor activities, it is no wonder the metro is attracting over 4,000 millennial transplants year over year.

6. Providence, Rhode Island

Forecasted 2022 Median Sale Price: $408,190

Forecasted 2022 Median Sale Price Change: 13%

Forecasted 2022 Months of Supply: 2.6

Just one hour from Boston, the median home price in Providence is nearly $250,000 less than a similar home in the nearby metro and also has more available homes for sale. Providence has a thriving economy of its own, averaging more tech and healthcare jobs than the 100 largest metros and commensurate salaries to those found in Boston. It also is home to a number of universities, including Brown University, University of Rhode Island, and the Rhode Island School of Design. Downtown Providence has a quaint boutique-style array of bars, restaurants, and shopping.

7. St. Louis, Missouri

Forecasted 2022 Median Sale Price: $236,620

Forecasted 2022 Median Sale Price Change: 7%

Forecasted 2022 Months of Supply: 1.5

With a 2021 median home price of $221,315, St. Louis is the most affordable of Knock’s best markets for millennials. It offers a strong job market with an above-average concentration of finance, tech, and healthcare employers. Major employers include Edward Jones, Centene, Square, and Anheuser-Busch. Rated one of the top 10 walkable metros in the country, St. Louis is home to the iconic Gateway Arch, a large blues music scene, major universities, and several major league sports teams.

8. Winston-Salem, North Carolina

Forecasted 2022 Median Sale Price: $249,840

Forecasted 2022 Median Sale Price Change: 11%

Forecasted 2022 Months of Supply: 2.1

Winston-Salem is a Southern city with international appeal. It is part of the research hub triad that also includes Greensboro and High Point, home to a collective of innovations in research, testing, and medical laboratories. With a 2021 median home price of $225,968, Winston-Salem is the second most affordable metro for millennials at 43% below the national median sale price. Residents often refer to the area as a blend of hip and historic, where you can enjoy restaurants, brew pubs, wineries, international film festivals, heirloom gardens, and outdoor activities, including hiking trails.

9. Charlotte, North Carolina

Forecasted 2022 Median Sale Price: $378,330

Forecasted 2022 Median Sale Price Change: 11%

Forecasted 2022 Months of Supply: 1.8

Charlotte has seen a steady influx of millennials, with the most recent year-over-year increase attracting six times the inbound rate compared to the 100 metro average. A business and financial hub, as well as a university town, the state’s largest city, offers a strong job market overall, higher than average employment opportunities in the tech and finance industries, good weather, and quality of life. Charlotte is home to big companies like Bank of America, Lowe’s, and Honeywell as well as the NFL’s Carolina Panthers, the NBA’s Charlotte Hornets, and the NASCAR Hall of Fame. It also has a dynamic culinary scene, historical architecture, parks, and museums. 

10. Spokane, Washington

Forecasted 2022 Median Sale Price: $426,584

Forecasted 2022 Median Sale Price Change: 13%

Forecasted 2022 Months of Supply: 1.8

The only top millennial market located in the West, Spokane provides more affordability and inventory than nearby Seattle and Portland, making it an attractive option for those looking to escape large urban metros. Spokane offers a small-town atmosphere with the advantage of a vibrant downtown featuring big-city amenities, including a wide variety of restaurants, entertainment, breweries, and wineries. With the Spokane River running through downtown and easy access to numerous lakes, ski resorts, mountains, and bike paths, Spokane lives up to its motto: “Near Nature, Near Perfect.” 

Knock’s 2022 Top 10 Housing Markets for Gen X 

1. Miami, Florida

Forecasted 2022 Median Sale Price: $441,093

Forecasted 2022 Median Sale Price Change: 11%

Forecasted 2022 Months of Supply: 4.3

Miami’s status as an international business hub, with family-friendly attributes and availability of homes for sale, pushes it to the top of Knock’s list of best Gen X markets. Miami offers warm weather year-round, top-notch schools, world-class beaches, an abundance of culture, more than 800 parks and no state income tax. Ranked as the 10th best metro for managerial positions in the U.S., Royal Caribbean Cruises, Ryder Systems and Office Depot are among the U.S. companies headquartered in Miami. Due to its proximity, it also serves as the Latin American headquarters for more than 1,100 multinational corporations, including Disney, Sony, Visa International and Wal-Mart.

2. Austin, Texas

Forecasted 2022 Median Sale Price: $519,005

Forecasted 2022 Median Sale Price Change: 15%

Forecasted 2022 Months of Supply: 2.6

Knock’s top pick for millennials comes in at the No. 2 spot for Gen X. Offering more managerial positions than the national average, Austin is more than a millennial town. While many are attracted to the city during the early stage of their careers, it’s also a great place to raise a family and progress professionally. With more than a quarter of the state’s top-rated school districts, a world-class zoo, outdoor activities and museums, there’s much to do outside of the bars and restaurants in the downtown area. In addition to its large base of tech companies, Austin serves as the corporate or regional headquarters for Indeed, Whole Foods, Charles Schwab and General Motors.

3. Knoxville, Tennessee

Forecasted 2022 Median Sale Price: $317,953

Forecasted 2022 Median Sale Price Change: 16%

Forecasted 2022 Months of Supply: 2.5

Knoxville offers the best of both worlds for professionals looking for career opportunities and quality of life for their families. Situated on the Tennessee River, Knoxville boasts many big-city amenities, including bars, breweries, live music venues, and museums. Although its managerial salaries fall below the national average, it ranks as one of the top 100 cities for the lowest cost of living. The metro is a prime location for outdoor enthusiasts with five state parks and a 500,000-acre national park all nearby, offering lakes, hiking trails, fishing, and caverns for exploring. It’s also home to the SEC-affiliated University of Tennessee. Knoxville has been ranked as one of the best cities for jobs and the suburban school districts are among the best in the state.

4. Portland, Oregon

Forecasted 2022 Median Sale Price: $540,878

Forecasted 2022 Median Sale Price Change: 9%

Forecasted 2022 Months of Supply: 1.6

Set along the Columbia River at the base of Mount Hood, Portland is a haven for outdoor enthusiasts offering four seasons of activities, including camping, hiking, biking, surfing, and skiing. Portland has become a destination for those looking to escape the high cost of living in California and Seattle. Its schools rank in the top 25% in the state and there are a number of family-friendly activities, including the zoo, local parks, and children’s theater companies. Major employers include Intel, Nike, and U.S. Bank.

5. Boise, Idaho

Forecasted 2022 Median Sale Price: $521,259

Forecasted 2022 Median Sale Price Change: 14%

Forecasted 2022 Months of Supply: 2.4

A popular pre-pandemic relocation destination for Californians looking for quality of life and affordability, Boise has seen its popularity rise in the age of remote work. However, it is still relatively affordable compared to Silicon Valley and the costly coastal cities. A college town and the capital of Idaho, the Boise River dissects the city, which is surrounded by the Greenbelt, a 25-mile trail with paths for runners and cyclists as well as 850 acres of parks and a golf course. It also offers a bustling downtown and easy access to hiking, rafting, and skiing. Major employers include Albertsons, Hewlett-Packard Co./HP Inc., Boise Cascade, and Micron Technology, Inc.

6. Omaha, Nebraska

Forecasted 2022 Median Sale Price: $267,767

Forecasted 2022 Median Sale Price Change: 7%

Forecasted 2022 Months of Supply: 1.6

Omaha is the most affordable of Knock’s best markets for Gen X. The metro ranks as one of the top places to raise a family in the U.S. due to its great schools, ease of commute, low crime rate, and attractions like the Omaha Children’s Museum and Henry Doorly Zoo & Aquarium. Famous for its steaks and burgers, the metro has developed a foodie scene with chefs from Los Angeles and New York opening their doors. The city Warren Buffett calls home is considered one of the most recession-proof in the U.S. In addition to Buffett’s Berkshire Hathaway, Omaha has four other Fortune 500 companies – ConAgra Brands, Union Pacific, Kiewit, and Mutual of Omaha.

7. Raleigh, North Carolina

Forecasted 2022 Median Sale Price: $424,684

Forecasted 2022 Median Sale Price Change: 18%

Forecasted 2022 Months of Supply: 1.8

Although home prices have risen in recent years, Raleigh remains affordable compared to other large metros. A large city with small-town charm, it offers good schools and low crime levels. Raleigh is also home to three elite universities – North Carolina State University, the University of North Carolina at Chapel Hill, and Duke – and the largest research park in the U.S. It’s ranked as one of the best tech and medical cities in the world. This, along with an abundance of cultural and outdoor activities, such as the Neuse River Greenway Trail and close proximity to the mountains and beaches, makes Raleigh a desirable location to raise a family.

8. Phoenix, Arizona

Forecasted 2022 Median Sale Price: $469,542

Forecasted 2022 Median Sale Price Change: 19%

Forecasted 2022 Months of Supply: 1.9

Known as a haven for snowbirds, Phoenix also ranks as one of the best markets for those in the prime of their career. Although home prices have risen in recent years, it remains an affordable alternative to high-cost California metros. Phoenix sees more sunshine than any other metro in the country and is home to more than 200 golf courses. It’s also ranked as the nation’s best hiking city. In addition to the great outdoors, residents can enjoy Spring Training, all four major professional sports leagues, and numerous cultural events, such as the ballet, symphony, and theater. Phoenix is headquarters to five Fortune 500 companies: Freeport McMoRan, PetSmart, Avnet, Republic Services, and Insight Enterprises.

9. Salt Lake City, Utah

Forecasted 2022 Median Sale Price: $526,447

Forecasted 2022 Median Sale Price Change: 16%

Forecasted 2022 Months of Supply: 0.8

The capital of Utah, Salt Lake City’s relatively low cost of living and good schools have made it an attractive alternative for those looking to escape higher-priced urban metros, especially during the pandemic. It is close to some of the best skiing, hiking, and fishing in the country with miles of hiking trails within the city limits,11 nearby ski resorts, and five national parks within a four-hour drive. Salt Lake City offers 1.4 times more managerial positions than the rest of the country, and a growing tech hub nicknamed Silicon Slopes, where Adobe, eBay, Microsoft, and Oracle all have a presence. Major non-tech employers include Zions Bancorporation, Overstock, and Resource Management. 

10. Boston, Massachusetts

Forecasted 2022 Median Sale Price: $637,344

Forecasted 2022 Median Sale Price Change: 6%

Forecasted 2022 Months of Supply: 2.3

The most costly of the best Gen X markets, Boston offers professional opportunities that come from being a financial services, healthcare, and tech hub, the quaintness of a small town, and all of the amenities of a big city. The metro ranks No. 1 when it comes to managerial opportunities with an average salary near $150,000. Bain Capital, BBN Technologies, Bose, Samuel Adams, and Fidelity Investments are several of the companies with headquarters in Boston. It is home to a number of world-class universities, including MIT, Harvard, and Boston University. Its surrounding suburbs with highly ranked school districts provide families with green space and close proximity to the city’s rich culture, history, and beloved major league sports teams.

Knock’s 2022 Top 10 Housing Markets for Baby Boomers

1. Pittsburgh, Pennsylvania

Forecasted 2022 Median Sale Price: $222,491

Forecasted 2022 Median Sale Price Change: 5%

Forecasted 2022 Months of Supply: 3.8

Pittsburgh does not fit the stereotypical retirement destination. However, the former industrial town with bitterly cold winters tops Knock’s list for baby boomers for good reason, including its number of active retirement communities. Pittsburgh offers ample, inexpensive housing options and a lower cost of living than other major metros, one of the best healthcare systems in the country, and tax advantages. It also blends the best of small-town friendliness with the benefits of big-city living, including lush botanic gardens, 400 miles of trails, a vibrant cultural scene with renowned theater and museums, and a burgeoning food landscape. The metro is home to 34 colleges and universities, including Carnegie Mellon University and the University of Pittsburgh.

2. Lansing, Michigan

Forecasted 2022 Median Sale Price: $187,095

Forecasted 2022 Median Sale Price Change: 7%

Forecasted 2022 Months of Supply: 2.4

Lansing is Michigan’s capital and home to Michigan State University. The metro’s cost of living is 57% lower than the national average and its cost of housing is 53% lower. It also ranks among the best cities in the country for healthcare. Outdoor enthusiasts have a number of options – the Lansing River Trail with more than 20 miles of pathways for bicycling and walking, Mt. Brighton for skiing, and Crego Park for fishing, kayaking, and canoeing. Summers are packed with festivals and art fairs. Michigan State offers jazz concerts, classical music recitals, dance, and theater performances throughout the school year, and the vibrant downtown is filled with unique boutiques, galleries, restaurants, and breweries.

3. Knoxville, Tennessee

Forecasted 2022 Median Sale Price: $317,953

Forecasted 2022 Median Sale Price Change: 16%

Forecasted 2022 Months of Supply: 2.5

Knoxville is not only a great place to raise a family, it’s also a good location to retire. In addition to its low cost of living, Knoxville affords all of the amenities of a big city along with no state or local income tax, access to quality healthcare, cultural and outdoor activities. Residents can cheer on the University of Tennessee Volunteers or the city’s minor league baseball and hockey teams, take in the symphony, or browse the many shops in downtown Knoxville. There are 25 golf courses within 20 minutes of the city, while Cumberland Gap National Historical Park and the Great Smoky Mountains National Park are both within a 90-minute drive for those who enjoy hiking.

4. New Orleans, Louisiana

Forecasted 2022 Median Sale Price: $276,931

Forecasted 2022 Median Sale Price Change: 3%

Forecasted 2022 Months of Supply: 2.5

One of the most vibrant cities in the South and home to Tulane University, New Orleans ranks high for baby boomers based on its lower cost of living, quality healthcare, and tax-friendly policies. In addition to its amazing architecture, historic homes, galleries, and shops in the French Quarter and Bourbon Street bars, locals enjoy the city’s walkability, professional sports teams, museums, live music, and many festivals, including the annual Jazz & Heritage Festival and Wine & Food Experience, museums and pro sports. Seniors can also take advantage of the highly-rated programs and services offered by the New Orleans Council on Aging.

5. Birmingham, Alabama

Forecasted 2022 Median Sale Price: $273,281

Forecasted 2022 Median Sale Price Change: 7%

Forecasted 2022 Months of Supply: 2.4

Locals have long considered Birmingham the best-kept secret in the South, and recently it’s become one of the hottest markets for people of all ages looking for affordability and quality of life. In fact, Alabama ranked No. 6 for inbound movers in 2021, with nearly half of its transplants aged 55 and above, most likely due to its low taxes, especially for retirees. The city’s strong job market has fueled an increase in dining options, entertainment, sports, and cultural activities. Its mild winters and Red Mountain Park, a 1,200-acre public space that’s larger than New York’s Central Park, make it easy to spend time outside. Nearby Ruffner Mountain and Oak Mountain State Park offer beautiful views, hiking trails, and lakes for swimming, fishing, or canoeing.

6. Augusta, Georgia

Forecasted 2022 Median Sale Price: $256,533

Forecasted 2022 Median Sale Price Change: 7%

Forecasted 2022 Months of Supply: 2.4

Home to the Masters golf tournament, Georgia’s second-largest metropolitan area offers retirees warm weather, a low cost of living, and the state’s tax-friendly policies, including no tax on retirement benefits. Its residents also have access to a thriving culinary scene, a revitalized downtown, and a wide range of outdoor activities. The Augusta Riverwalk runs along the Savannah River where the farmers market and jazz concerts take place during the warmer months. Phinizy Swamp Wildlife Management Area offers hunting and fishing and Clarks Hill Lake boasts 1,000 miles of shoreline for boating, water skiing, swimming, and hiking. Augusta University provides free classes for residents aged 62 or older, and its healthcare network includes doctors who focus on geriatrics and senior health.

7. Greenville, South Carolina

Forecasted 2022 Median Sale Price: $301,455

Forecasted 2022 Median Sale Price Change: 14%

Forecasted 2022 Months of Supply: 2.7

Greenville’s mild winters, low cost of living, access to low-cost healthcare along with a thriving cultural and food scene makes the metro an excellent choice for retirees. Seniors can take advantage of the state’s free tuition program at the University of South Carolina and also benefit from friendly social security, retirement, and property tax policies. The Greenville metro offers a wide variety of housing choices, including many options in the city’s redeveloped downtown, which includes Main Street, a 10-block stretch that features many boutiques, restaurants, and year-round festivals. There are also miles of bike paths that run through the heart of downtown and Falls Park on the Reedy with gardens and waterfalls and a performing arts center that includes a 2,100-seat concert hall and smaller theater.

8. Palm Bay, Florida

Forecasted 2022 Median Sale Price: $336,754

Forecasted 2022 Median Sale Price Change: 16%

Forecasted 2022 Months of Supply: 3.0

Known as the Bass Fishing Capital of the World, Palm Bay is located on Florida’s Atlantic coast about an hour southeast of Orlando. Its median home price is 9% below the national median and its cost of living is 29% below the national average. Like the rest of the state, Palm Bay offers its residents the advantage of no state, estate, and inheritance taxes. A short drive to the beaches in Melbourne and Kennedy Space Center, Palm Bay residents have access to several golf courses and 29 parks for hiking, biking, boating, fishing, and paddle boarding. World-class bass fishing takes place at Stick Marsh, and Turkey Creek Sanctuary offers 130-acres of trails and bird-watching.

9. Jacksonville, Florida

Forecasted 2022 Median Sale Price: $351,900

Forecasted 2022 Median Sale Price Change: 18%

Forecasted 2022 Months of Supply: 2.1

For seniors looking for the tax advantages Florida offers its residents along with affordability and safety, Jacksonville is a prime location. It is full of restaurants, cultural and outdoor activities and its cost of living is 5% lower than the Florida average. Fort Caroline National Memorial Park provides a breathtaking view of St. John’s River and trails for hiking. The city has a number of parks for hiking and biking. It also is home to four main beaches, which offer everything from a place to relax to surfing and fishing. In addition to a number of events throughout the year, there’s high-end shopping, restaurants, and a thriving art scene along with live theater and professional sports, including the NFL’s Jacksonville Jaguars and minor league baseball and hockey teams.

10. Tuscon, Arizona

Forecasted 2022 Median Sale Price: $350,503

Forecasted 2022 Median Sale Price Change: 17%

Forecasted 2022 Months of Supply: 2.6

A mid-size city with the feel of a small town and big-city amenities, Tucson offers sunshine and warmth, affordability, and no tax on Social Security benefits, making it a prime retirement location. In addition to its more than 400 golf courses and other outdoor activities, the nearby mountain ranges provide great views, especially at sunset. Tucson is a melting pot of cultures, which is reflected in its dining options. There’s also a number of malls, movie theaters, and art galleries to escape the extreme summer temperatures. Tucson is home to the University of Arizona and 10 active adult communities.


Methodology

Analysis was conducted on 100 of the United States’ top MSA areas by population size. In comparing affordability and supply metrics via Knock’s forecasting model by Joe Hutchings, and combining this data with each generation’s unique factors specific to their age group, selections were made for MSA’s best suited for each population:

  • When conducting analysis, the unique factor metrics were used to eliminate metros that fell below the 50th percentile for quantifiable factors:
    • Millennial metros were selected based on the millennial share of the population (US Census Bureau), the year over year influx of the population 25 – 40 (American Community Survey), and the average distribution of employment in the tech, finance and health industry compared to the national average (Burea of Labor Statistics).
    • Gen X metros were selected based on the Gen X share of the population (US Census Bureau), the average management employment distribution across all industries compared to the national average (Burea of Labor Statistics), the % of schools in the metro area that ranked in the state’s top 10% ( Public School Review), and the median home size (Realtor Data Center).
    • Baby boomer metros were selected based on the baby boomer share of the population (US Census Bureau), Primary care physicians per 100k residents (County Health Rankings via U of Wisconsin Population Health Institute), States that offer tax-friendly benefits for retirees (Smart Asset), diversified selection of climates with emphasis on warmer temperatures, and safety rankings (Niche.com crime ranking).

Top 10 Markets for Millennials Supporting Data

MSA2022 Forecasted Sale Price2022 Months of SupplyYOY Sale Price ChangeTech, Finance and Health Employment DistributionYear over Year Millennial InfluxMillennial Population Share
Austin, TX$519,0052.615%1.6410,87826%
Des Moines, IA$267,0602.38%1.163,13622%
Charleston, SC$368,6132.66%1.062,23323%
San Antonio, TX$326,9942.215%1.082,25823%
Atlanta, GA$372,4571.916%1.354,22422%
Providence, RI$408,1902.613%1.202,67520%
St. Louis, MO$236,6201.57%1.102,45520%
Winston, NC$249,8402.111%1.051,24329%
Charlotte, NC$378,3301.811%1.111,49221%
Spokane, WA$426,5841.813%1.021,69521%

Top 10 Markets for Gen X Supporting Data

MSA2022 Forecasted Median Sale Price2022 Months of SupplyYOY Sale Price ChangeManagement Distribution% of Top Ranked SchoolsGen X Population Share
Miami, FL$441,0934.311%1.0417%21%
Austin, TX$519,0052.615%1.2119%20%
Knoxville, TN$317,9532.516%1.1514%19%
Portland, OR$540,8781.69%1.2223%20%
Boise, ID$521,2592.414%1.1311%19%
Omaha, NE$267,7671.67%1.0315%18%
Raleigh, NC$424,6841.818%1.0113%22%
Phoenix, AZ$469,5421.919%1.0312%19%
Salt Lake City, UT$526,4470.816%1.4116%18%
Boston, MA$637,3442.36%1.7357%19%

Top 10 Markets for Baby Boomers Supporting Data

MSA2022 Forecasted Median Sale Price2022 Months of SupplyYOY Sale Price ChangePrimary Care Physicians
Ratio
Retirement Tax PoliciesSafetyBaby Boomer Population Share
Pittsburgh, PA$222,4913.85%890Tax FriendlyC27%
Lansing, MI$187,0952.47%960Tax FriendlyC23%
Knoxville, TN$317,9532.516%890Tax FriendlyC25%
New Orleans, LA$276,9312.53%980Tax FriendlyC-24%
Birmingham, AL$273,2812.47%920Tax FriendlyC-23%
Augusta, GA$256,5332.47%980Most Tax FriendlyB-23%
Greenville, SC$301,4552.714%940Tax FriendlyC23%
Palm Bay, FL$336,7543.016%1260Most Tax FriendlyC30%
Jacksonville, FL$351,9092.118%1170Most Tax FriendlyC-23%
Tucson, AZ$350,5032.617%1170Moderately Tax FriendlyC24%

 ‌ ‌ ‌ ‌ ‌ ‌

Sources

  1. National Association of Realtors. “2021 Home Buyers and Sellers Generational Trends Report.” National Association of REALTORS®, 16 March 2021, https://www.nar.realtor/sites/default/files/documents/2021-home-buyers-and-sellers-generational-trends-03-16-2021.pdf. Accessed 19 January 2022.
  2. Lewis, Chris. “Industries That are Attracting Millennials in 2020.” Relevance, 14 August 2020, https://www.relevance.com/industries-that-are-attracting-millennials-in-2020/. Accessed 19 January 2022.

You can find the full press release here.

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9 Open House No-No’s

04 Thursday Feb 2021

Posted by The Hanley Home Team in Uncategorized

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When buying a home, there may be no single event as important as the open house. Attending an open house gives you the opportunity to see, feel, and experience the home for yourself, far beyond what’s possible from looking at photos, taking digital tours, or driving by on a sunny afternoon. The open house is when you really get to find out whether you can see yourself living in the home or not. 

But if you want to get the most from an open house, there are some things to keep in mind (and some costly mistakes you’ll want to avoid). Not only is it possible to cost yourself money at an open house, but in some (rare) instances, a seller might not even entertain an offer based on somebody’s behavior at the open house. 

So if you want things to go smoothly, and want the best opportunity to buy your dream house, here are nine things you should never do at an open house: 

1. Keep your shoes on when you’ve been asked to take them off

No one likes to walk around without shoes on, especially in somebody else’s home. But as an open house guest, you need to respect the seller’s instructions. If you refuse, you might be asked to leave, and blow your chance at landing an accepted offer. 

2. Let your children roam around unattended 

Parenting is difficult, and bringing your kids along with you to an open house is understandable—after all, they’ll be living there too. But when touring an open house, make sure to keep an eye on your children, because, as we all know, they tend to get into things, and a packed home is full of all sorts of interesting items. A good rule of thumb is to just pretend that you’re at a museum. 

3. Loudly make negative comments about the house

We all have opinions, especially when it comes to a house that we’re considering paying hundreds of thousands of dollars for. But keep your negative opinions between you, your partner, and your agent, because if the seller’s agent overhears you, they might not only feel insulted, they’re likely to relay the comments to the seller, who might not take them too kindly if you put in an offer. 

4. Pry into the seller’s personal belongings 

Being allowed into someone’s home for an open house does not give you carte blanche to go through their personal stuff, no matter how intriguing it might be. Opening dresser drawers, touching clothing, pulling back bedding, and rifling through bookcases is a no-no, and violators are likely to be asked to leave. You’re there to see a property, not personal property. 

5. Overshare 

Unless you’re a trained spy, you probably don’t think too much about tempering your speech when chatting with strangers. But an open house is an exception, and you might want to consider what you’re revealing during conversations with (and around) seller’s agents. Even though talking about how much you’re pre-approved for, where your kids go to school, how desperately you need a new home, or that your lease is ending soon might seem harmless, it can put you in a poor position when you begin negotiations, so act accordingly. 

6. Make an offer

Even if you absolutely love the house and would be willing to give up a kidney for the chance to live there, you don’t want to make an offer during the open house. Not only would this be out of the norm, but it would also reveal your eagerness and put you in a position of weakness during negotiations. So even if you’re absolutely obsessed, take a deep breath, step outside, and regroup with your agent and your loved ones before making a decision. 

7. Spend too little time there (if you’re interested) 

There’s no need to spend hours at an open house, but if you walk in and walk right out, you might be doing yourself a disservice. To be sure, sometimes you know that it’s not a fit right away, but if you dolike it, there’s nothing wrong with spending some time looking around and taking in the details. At the very least, it might help you remember the little things that you’ll be thinking about once you start planning to move

8. Lie about your intentions 

Some people like to play games, but there’s really no upside to being disingenuous about your intentions during an open house (or after). Whether you’re just there to look, or are truly serious about making an offer, don’t present yourself otherwise. Not only is it bad form, but word can travel a lot quicker than you might think, and the next time you want to be taken seriously, you might not be. 

9. Show too much enthusiasm 

When we love a property, it can be difficult to contain our excitement, especially if we’re not used to playing our cards close to the chest. The open house, however, is one occasion when you’ll want to put on your poker face and play it cool. If you show too much enthusiasm, the seller’s agent (and therefore the seller) will know that you’ll do just about anything to get the house—and that’s not the position you want to be in. 

We are happy to attend an open house with you! Just reach out – Kevin and Jennifer Hanley, REALTORS 904-515-2479 HanleyHomeTeam.com The Hanley Home Team of Keller Williams Realty Atlantic Partners Southside

New Federally Backed Loan Limits May Help Homebuyers In 2021

07 Monday Dec 2020

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Home prices have been steadily increasing in 2020—and as home prices increased, many buyers found they needed larger mortgages in order to purchase homes. But because there’s a limit on conforming loans, many buyers either had to explore alternative loan options (which often carry a higher interest rate) or look for homes in a lower price range (which, with inventory low in markets across the country, proved extremely difficult).

Luckily, access to larger conforming loans is on the horizon.

On November 24, the Federal Housing Finance Agency announced they would officially be increasing the conforming loan limits for Fannie Mae and Freddie Mac-backed mortgages in 2021. Currently, the limit for conforming loans for single-family units for most areas of the United States is $510,400. That limit will increase to $548,250 in 2021—an increase of 7.4 percent.

In higher cost markets (like areas of California and New York), the limit for conforming loans will be higher at $822,375—which is 150 percent of the baseline conforming loan limit of $548,250.

The Takeaway:

What does that mean for you? Increasing the limit for conforming loans will allow buyers to increase their purchasing power and keep up with rising prices—so if you’ve been thinking about buying a home, 2021 is looking like a great time to make a move. Let’s get started! Kevin and Jennifer Hanley, REALTORS The Hanley Home Team of Keller Williams Realty Atlantic Partners Southside 904-515-2479 HanleyHomeTeam.com

Should You Apply for an Online Mortgage?

30 Wednesday Sep 2020

Posted by The Hanley Home Team in #HanleyHomeTeam, #HomeBuyer, #HomeBuyingTips, #HomeOwner, #HomeSeller, #housegoals, #househunting, #Jacksonville, #JacksonvilleFL, #KellerWilliams, #RealEstate, #Refinance, #sellingyourhome

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A mortgage is a big financial responsibility. Yet, if you’re like half of all home buyers, chances are you won’t shop around for the best mortgage. The result could be the loss of thousands of dollars…both in up front costs and in monthly payments. It pays (a lot) to shop around.

As a home buyer, you have three options for getting a mortgage: a traditional bank, a mortgage broker, and an online mortgage lender. Here’s a quick breakdown of the differences. 

  1. The Traditional Bank

A traditional bank offers in-house loans. You may get better rates and closing costs from your own bank if you’ve banked there a long time. On the other hand, you will only get the rates and terms they dictate, which might be limited. You probably won’t have a lot of choices. It pays to check at other institutions to compare the rates and terms of your bank’s offer. 

  1. A Mortgage Broker

A mortgage broker’s job is to act as your guide to helping you find a mortgage that fits your needs. The broker can shop around to find banks and other sources of funds that are the best rates and terms, based on your credit and income. 

Brokers are usually experienced loan specialists. Unlike big-bank loan officers, brokers will work with you to answer your questions and look for options. If you bring your big bank’s offer to a broker, he or she can compare for you. 

Brokers promote loan products that provide them with a finders’ fee. Since those fees are already built into the loan products (whether to benefit a broker or a bank’s own loan officer costs), you likely won’t see much of those fees passed on to you. 

  1. An Online Mortgage Lender

The great advantage to using an online mortgage lender is that you may get great rates and fees. Online lenders don’t have to cover a lot of overhead, so they can offer discounts to their borrowers through lower rates or closing costs. Even a quarter of a percent lower interest rate can potentially save you thousands of dollars over the life of your loan.

Another advantage is that you don’t need to talk to anyone. How convenient to have a burger, watch TV, and fill out a loan application all at once! Of course, convenience is also a big drawback. 

If you have a question, no matter how small, you won’t be able to get a quick answer, if at all. With online lenders, they will assign someone to work with you (a loan officer). That person has a huge work load and is often fairly inexperienced with nuanced questions. And in my experience, the questions are always nuanced. 

For example, take the question of assets and liabilities. Do you include your child’s college savings account? Is that going to risk you using that account if needed to pay for tuition next month? Should you include the fact that you’re on your nephew’s car loan, even though he’s paid it on his own for years and it’s almost paid off? Is your secret PayPal account going to show up on your assets, even if you don’t want it to?  

So Which Should You Use?

Use at least two sources. Make sure one of them is a mortgage broker. 

The Online Lender: If your situation is relatively straight forward…you have a regular job, a regular pay check, no weird debts or assets, then an online lender can be a great option. Make sure you read about warnings in the section below.

Big Bank or Credit Union: If you have a great relationship already, see if they have special rates and terms for long-time customers. In my experience, you’ll often end up in a situation similar to working with an online lender, because the bank is going to assign a loan officer, who may or may not be able to answer your questions. 

The Mortgage Broker: I highly recommend that one of your comparison points be a mortgage broker. Brokers are usually very experienced and can answer a lot of your questions. They’ll be able to shop around to find loans that might have comparable rates and terms to the ones offered by your bank or online lender. And they’ll let you know if your bank or online lender is a better deal. 

The biggest problem with applying to multiple sources is the fees. You’ll have to fill out the loan application multiple times, and your credit will be pulled multiple times, and you’ll have to pay multiple application and credit report fees. This is the reason most people don’t apply to multiple sources. However, you may be able to do a preliminary application, especially at the online sources.  Find out before completing the application if there are fees.

Warnings about Online Lenders

Most of them are not lenders at all. They might be brokers, they might “non-bank investment companies,” or they might simply be third-party comparison sites. There’s nothing wrong with any of these, but you should know what you’re getting. 

Lendingtree or Bankrate are examples of third-party comparison sites. They won’t give you a loan and can’t tell you which loans are best for you. They’ll simply show you funding sources that they have affiliate agreements with. You may find this useful for comparing different lender rates. Google “Mortgage Comparison Websites”.

Most online lenders are non-bank investment outlets. Quicken Loans or Meridian are examples. They’ll process your application and fund the loan using large institutional investor funds. They’ll likely sell your mortgage as part of a package of loans to other investors. There’s nothing wrong with this. It’s very common in the mortgage world. Before filling out any online mortgage application, check on the site’s credentials. You don’t want to start giving financial information online without vetting them first. Google “Non-Bank Mortgage Lenders”.

A few of the online lenders are in fact mortgage brokers, such as Intellimortgage. You’re simply filling out a loan application in advance, and they’ll consult with you to find you the best mortgage. I’d personally rather meet with a mortgage broker in person or talk by phone, rather than using an online mortgage broker. It’s just easier to get answers from a live person. Google “local mortgage brokers in (your location)”. Find a live person to talk to.

And of course, big banks like HBSC and Chase are online, too, so when you get a list of options from LendingTree or you Google “online mortgage,” there’s a very good chance you’ll simply be getting a bank. Double check whether the name of the company you’re shown in any online search or list is a bank, a non-bank, or a broker. 

Will Applying Ruin My Credit? 

It’s true that applying for credit can lower your credit score. However, when applying for mortgage loans for comparison purposes 2-3 times, your credit score will likely not be affected. Even if it is, it’ll usually only drop a little and only after you’ve already applied. If your score drops, a simple explanation that you were comparing lenders will suffice and your original rate at the time of application will stand.

Ask us for some recommendations for mortgage brokers in our area! Kevin and Jennifer Hanley, REALTORS http://www.HanleyHomeTeam.com 904-515-2479 Team@HanleyHomeTeam.com

7 Reasons to Work With a REALTOR®

11 Friday Oct 2019

Posted by The Hanley Home Team in #HomeBuyer, #HomeBuyingTips, #HomeOwner, #HomeSeller, #housegoals, #househunting, #Jacksonville, #JacksonvilleFL, #KellerWilliams, #RealEstate, #Refinance, #sellingyourhome

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REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference for home buyers:

  1. Ethical treatment.
    Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a REALTOR®’s client, you can expect honest and ethical treatment in all transaction-related matters. The first obligation is to you, the client.
  2. An expert guide.
    Buying a home usually requires dozens of forms, reports, disclosures, and other technical documents. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.
  3. Objective information and opinions.
    REALTORS® can provide local information on utilities, zoning, schools, and more. They also have objective information about each property. REALTORs® can use that data to help you determine if the property has what you need. By understanding both your needs and search area, they can also point out neighborhoods you don’t know much about but that might suit your needs better than you’d thought.
  4. Expanded search power.
    Sometimes properties are available but not actively advertised. A REALTOR® can help you find opportunities not listed on home search sites and can help you avoid out-of-date listings that might be showing up as available online but are no longer on the market.
  5. Negotiation knowledge.
    There are many factors up for discussion in a deal. A REALTOR® will look at every angle from your perspective, including crafting a purchase agreement that allows enough time for you to complete inspections and investigations of the property before you are bound to complete the purchase.
  6. Up-to-date experience.
    Most people buy only a few homes in their lifetime, usually with quite a few years in between each purchase. Even if you’ve done it before, laws and regulations change. REALTORS® handle hundreds of transactions over the course of their career.
  7. Your rock during emotional moments.
    A home is so much more than four walls and a roof. And for most people, property represents the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on the issues most important to you.

The Hanley Home Team would love to work with you!! Have any questions? Give us a call today!  Kevin and Jennifer Hanley, REALTORS Keller Williams Realty Atlantic Partners Southside 904-515-2479 http://www.HanleyHomeTeam.com

 

Upsizing your home

30 Monday Sep 2019

Posted by The Hanley Home Team in #HanleyHomeTeam, #HomeBuyer, #HomeBuyingTips, #HomeOwner, #housegoals, #househunting, #JacksonvilleFL, #KellerWilliams, #Movingday, #RealEstate

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Buying a home, Jacksonville FL real estate agents, Jacksonville Real Estate, moving, real estate, real estate advice, Upsizing; upgrading your home; dream home; right home choice; is your home a hassle; up

family of four walking at the street

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Unfortunately, our homes don’t always grow with us. What may have initially worked fine for a single person, a young couple’s starter home, or a family with a newborn can quickly become too small as families expand and multiple generations live under one roof.

Remodeling and adding to your home is one option for creating more space, but it can be costly, and the size of your property may be prohibitive. That’s when moving to a bigger home becomes the best solution.

WHERE DO YOU NEED MORE SPACE?

The first thought when upsizing your home is to simply consider square footage, bedrooms, and bathrooms. But it’s important to take a more critical approach to how your space will actually be used. If you have younger children (or possibly more on the way), then focusing on bedrooms and bathrooms makes sense. But if your children are closer to heading off to college or starting their own families, it may be better to prioritize group spaces like the kitchen, dining room, living room, and outdoor space—it’ll pay off during the holidays or summer vacations, when everyone is coming to visit for big gatherings.

MOVING OUTWARD

If you need more space, but don’t necessarily want a more expensive home, you can probably get a lot more house for your money if you move a little further from a city center. While the walkability and short commutes of a dense neighborhood or condo are hard to leave beyond, your lifestyle—and preferences for hosting Thanksgiving, barbecues, and birthdays—might mean that a spacious home in the suburbs makes the most sense. It’s your best option for upsizing while avoiding a heftier price tag.


Have any questions or are you ready to start your new home search in 2019? Give us a call today!  Kevin and Jennifer Hanley, REALTORS Keller Williams Realty Atlantic Partners Southside 904-515-2479 http://www.HanleyHomeTeam.com

Having the Talk with Your Aging Parents

21 Wednesday Aug 2019

Posted by The Hanley Home Team in Uncategorized

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Having The Talk

By BusinessWest Staff August 6, 2019 1020

A Challenging First Step

By Joe Gilmore, Landmark Senior Living

Talking about long-term care needs with an elderly parent or other loved one can be a difficult thing. You may not know exactly how to approach it without coming off as rude or disingenuous. However, when it comes to a loved one’s health, it is important to cast aside how you feel to ensure that they can live safely and happily later in life. It is especially important to have this conversation before a problem occurs, not after.

An American Assoc. of Retired Persons survey found that two-thirds of adult children have never had this conversation. This is most likely due to the fact that a lot of adult children don’t know how to engage in this type of talk, or how to begin it. To begin, you have to decide who is going to be there during the talk and what the discussion is going to center around.

Keeping your loved one or parent safe later in their life is a priority, and talking to them about living situations, such as assisted living or even enlisting the help of a caregiver, is the first step. This is especially true if your parent or loved one has experienced a traumatic event in the recent past, such as a fall or the loss of a spouse.

Tips for the Talk

• Decide how you are going to do it and who’s going to be there. Sometimes a one-on-one talk is best; however, if you need someone to back up your points or provide another point of view, it may be a good idea to get other family members involved.

• Go over which talking points you will speak on before approaching your loved one, and set up a time and place to talk.

• Express each idea as an opinion of yours rather than a need for them. For example, choosing phrases like “I think” or “I need” rather than “you should” or “you need” are good ways to avoid conflict.

• Remind your loved one that everyone is there because they care and want to help keep them safe.

• Stay calm. Don’t raise your voice, speak over your loved one, or encourage any hostility during this discussion, as it will only make the situation worse.

• If your loved one immediately dismisses the idea of leaving their home, it may be best to drop the issue for the moment and bring it back up at another time.

The first step in beginning the talk is setting up how you are going to do it and who’s going to be there. Sometimes it is best for the talk to be a one-on-one; however, if you need someone to back up your points or provide another point of view, it may be a good idea to get other family members or loved ones involved. Every family is different, and it may be a good idea to disregard some family members when deciding who is invited to speak.

It is best to go over which talking points that you will speak on before approaching your parent or loved one. Meeting beforehand to talk about these things is recommended. Create a plan on how you wish to talk about this.

Understanding Your Loves Ones’ Goals for the Future

Your conversation about the future doesn’t have to focus only on a caregiving plan. You may also consider talking generally with your loved ones about what is important to them as they grow older. This checklist can be used as a starting point to better understand their priorities. Start by asking then to check all those that apply and then spend some time talking about each one in a little more detail:
__ To remain as independent as possible for as long as possible

__ To remain healthy and active

__ To remain in my home as long as possible

__ To focus on a hobby

__ To work for as long as possible

__ To become involved in the community

__ To remain as financially independent as possible

__ To take classes

__ To create a safety net in the event of an emergency or crisis situation

__ To start my own business

__ To buy a second home

__ To move closer to my family

__ To relocate to a smaller home

__ To retire in a different place

__ To travel

__ To be able to help my children and grandchildren

After going over the points you will make, the first thing you’ll want to do is set up a time and place to talk with your parent or loved one. This may require the use of some type of web communications like Skype or just over the phone if someone can’t be there or lives in a different area.

Depending on how you are hoping to help your parent, there are a few ways to go about this. For example, if you are just hoping to enlist the help of a caregiver, or become the caregiver yourself, it will take less convincing than, say, getting them to agree to be admitted to an assisted-living or residential care facility.

When speaking with a parent or a loved one about what you feel they should do, it is best to phrase it in a way that expresses that it is an opinion of yours rather than a need for them. For example, choosing phrases like “I think” or “I need” rather than “you should” or “you need” are good ways to avoid conflict.

Be sure to remind your parent or loved one that everyone is there because they care and want to help keep them safe. It may even be beneficial to bring up times when your parent may have had their health put at risk — maybe a fall or another incident.

This is also true for other major events like the loss of a spouse. There is evidence that the social isolation that stems from living alone and independently can lead to problems like loneliness and depression.

It is also important not to raise your voice or encourage any hostility during this discussion, as it will only make the situation worse. You should also be aware of when your parent is trying to talk. Do not try to speak over them, as it will likely lead to an argument. Keep your cool and remain calm during the discussion, even if others don’t.

Some parents will dismiss the idea of moving to an assisted-living facility immediately or adamantly. If this is the case, it may be best to drop the issue for the moment and bring it back up at another time down the road.

At the end of the meeting, make sure everyone has a clear understanding of the issues, concerns, and considerations presented.

**Jennifer Hanley is an SRES designated agent (Senior Real Estate Specialist).  Get in touch today for advice and help. The Hanley Home Team of Keller Williams Realty 904-515-2479 http://www.HanleyHomeTeam.com

Unusual Self-Staging Secrets that work, Whether You’re Selling or Not

25 Saturday May 2019

Posted by The Hanley Home Team in real estate

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e1d05431-dc14-481e-980a-e0ff9da6c25eStaging means more than simply adding new fashions and furnishings to your home. Staging means understanding the psychology of living in a home, and using those underlying secrets to your own advantage, rather than to sell.
Staging is a word that has gained popularity in the real estate world in recent years. In case you haven’t heard the term, it means setting up the interior and exterior of your home with nice furnishings and decor so that home buyers can imagine themselves living in a clean, clutter-free, stylish home. You know…the kind of designer home no one actually lives in. In fact, there’s probably not a home seller in the world who hasn’t spun around in their newly staged living rooms just before selling and said, “Gee, I wish I had done this before selling it so I could have lived in it like this.”
But wait! Rather than staging to sell, how about staging for life—so you can live in it? By taking a fresh look at your home and making a few bold changes, you can impart much of the feeling that comes from a completely staged home, even if you have no interior design experience at all. This two-part report will show you how. First you’ll learn the secrets of minimizing distractions, which is the real reason that staging works—not the furnishings. And then you’ll learn a few style basics to help enhance the environment.

Part 1: Distractions and Tolerations
Part 2: Interior Design Basics

Part 1: Distractions and Tolerations
Wallowing in Distraction

In every era of mankind it can be said that somebody turned to somebody else and said, “Things are a lot more hectic today than they used to be.”

And in every case, they were right. Every era of mankind has grown more complex and hectic. That doesn’t mean life is harder from one era to the next. But it is hard in a different way. In our world today, for example, we’ve taken the expectation of personal productivity to new heights. It’s barely acceptable any more to not be available by phone, and people will complain about not being able to get hold of a person in minutes. Vast numbers of people are in charge of us, from our friends and family who demand our attention by phone and Facebook, to our kids and partners to want to be entertained, to a plethora of unskilled bosses in an increasingly stratified corporate world. It’s a recipe for stress.

Perhaps one of the most important survival skills in this current world view is our ability to manage distractions. Distractions are things that take our attention away from what we’re trying to focus on. Think “texting and driving,” or “walking and chewing gum.” These are things that aren’t supposed to go together, but we do them together, just as we eat and drive, program the gps and drive, do our makeup, read, and talk while we drive. And while doing one of those things, our coordination for doing the other slips.

Beyond technology, we’re also distracted by our own thoughts. With competing demands on our attention and time, we’re always thinking about several tasks at once—multitasking mentally as well as physically. And our world has become intensely mental. While our grandmother might have multitasked by getting all the parts of a good meal on the table at the same time, we have to be evaluating different ideas, planning multiple programs, writing several different reports, and thinking about how to keep everyone happy.

Thich Nhat Hanh is a Vietnamese Buddhist monk who tells us in his book called Happiness, that we should do things mindfully. His meaning is to be aware in the moment you are in of all that you are doing. When you are walking, think about walking. When you are sitting, think about sitting. When you are driving, think about driving. He says, “The present moment is the only moment that is real. Your most important task is to be here and now and enjoy the present.”

What’s the point in that, right? If you can multitask and you need to get a lot done, what is the point in slowing down and focusing on one task at a time? Well, for one, if we’re talking about driving, it’s safer. But more to the point, Thich Nhat Hanh is not talking about being able to do something better because you’re focused. He’s talking about calming the mind, something that has measurable benefits in relieving stress.

(Stay with me…this all goes back to staging in just a moment.)

tray on coffee table

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A calm, still mind is more able to detach from complexities and feel at peace. A peaceful mind is better able to connect to abundance and win-win thinking. It is said by the Buddhists that a person will have become enlightened when he does not have a single thought for one whole minute.
The person who can effectively manage distractions is likely to be more attractive to others. For instance, networking events are wonderful places to view distracted minds. You walk into the room and the first thing you do is walk up to someone and catch their eye to see if you can get into conversation with them. You can tell instantly if they’re “with you” or not. Sometimes it’s subtle, a frozen smile, a flick of the eyes. Other times it’s more overt with them turning and talking to other people in the middle of your conversation. And then other times you feel like you’re the only person in that other person’s world right then. Ah, that feels nice.
The practical application of this discussion is that the act of reducing distractions in our home space instantly puts our minds into a more receptive state, calming our stress, and improving our health and relationships. Wow, that’s a lot of goodies from just reducing distractions and simplifying where our attention goes.
By decluttering our space, arranging furniture to appeal to the eye, reducing messes, harmonizing colors, and simplifying your décor, we gain a huge amount of peace in our home space.

Reducing distractions is one of the biggest secrets to successful staging. Removing clutter and putting thing in order, as well as using a few well-placed large pieces of art or furniture in place of a bunch of scattered pieces make a room feel more peaceful—and that sense of peace is one of the reasons that staged homes sell faster than unstaged homes.

Tolerations

Then there’s the evil cousin of distractions—tolerations. Tolerations are a kind of distraction that we don’t acknowledge. Tolerations are usually tiny distractions we ignore, but that are in our peripheral vision and at the edge of our consciousness. I remember a neighbor coming to visit for the first time. I wanted to make her feel welcome, so I started to show her around the house. It was only then that I noticed the cobwebs hanging from the ceiling, the hole in the door screen, and the streak of dirt by the front door where the dog jumped up. And when she asked to use the restroom, I suddenly remembered the moldy tile in the bath surround. I was distracted during her brief visit, and probably looked and acted apologetic.

I mentioned all this to a friend later, and we talked about how the cumulative effect of tolerations can become a drag on our spirit, awareness, and energy. I wanted to enjoy my neighbor, and all I could think about was little crap that I should have taken care of. I’m sure the neighbor felt some of my embarrassment, even if she didn’t know why.
The experience made me look around my house and realize how many of these little details I had been tolerating without really noticing.

wrecked home furnitures interior

Photo by Wendelin Jacober on Pexels.com

Tolerations can consist of a multitude of small, petty details—like a dirty car, the torn curtain, a spot on the floor, the annoying piece of tape stuck to our computer, the door in the bathroom that sticks. Or they can be large projects—like the house needs painting, the filing system is in disarray, the car is too small for a growing family, etc.

One reason staged homes appeal to us is that they have eliminated the tolerations. Buyers feel good without even knowing why, because there’s nothing to take care of…no tolerations have built up to dampen their energy. They don’t see any cobwebs or curled linoleum, because those things have been taken care of in a well-staged home.

Exercise: Eliminating Tolerations
Step 1: Petty tolerations
Look around in your immediate environment from where you’re sitting right now. Make a list of everything you see that is out of place, broken or torn, too small or large, crooked, cluttered, a dissatisfying color, etc. Do this for every room in your house. Do the same in your office workspace and car.

Place these lists where you can see them prominently. They are your visual existence system to help you remember what needs to be done.

Make a commitment to fixing just one item from this list each day. Cross off each item as it is done. Fix it mindfully.

Step 2: Major tolerations
Look around your house, yard, car, and work environment. Make a list of projects that need to be done, including painting, cleaning, organizing, repairing, replacing, etc.
Prioritize the list. Then put the first project onto a schedule. Identify the intermediate steps that need to be done to make that project a reality, such as getting bids, tracking down service providers, saving money, etc.

Part 2: Interior Design Basics
In addition to looking at tolerations in your physical space, consider the following more traditional suggestions for staging your home, while eliminating tolerations:

Start with a Blank Slate
Consider emptying an entire room before you start any DIY staging efforts. By creating a blank slate, you’ll be more creative. Then consider these three things elements: paint and flooring colors, window coverings, and finally art pieces. Identify a color scheme for all of these elements. If you already have flooring and don’t plan to replace it, that may be the start of your color scheme.

person taking photo of gray pendant lamp over brown wooden dining table indoor

Photo by Carlos Diaz on Pexels.com

Choose new paint colors to complement the flooring. If you can’t afford new furnishings to match the color scheme, consider new pillows or a slip cover. Consider installing crown molding and new baseboards at this time, or building a new fireplace surround or mantle. Finally, choose window coverings that tie the paint, flooring, and furniture together. When moving furniture back into the space, look for ways to leave some things out of the room altogether. The most valuable feature of staged homes is the absence of clutter.
When replacing furniture in the room, position it in different ways. Try configurations you think can’t possibly work, such as setting the couch at an angle and adding a sofa table behind it. Also consider adding plants to your space. As you replace furnishings, also remember the ideas of absence of distractions and elimination of tolerations.

Find a Way to Match Pieces
If you have mis-matched shelving or other furniture for the room, consider replacing some of it, or refinishing it all to have a similar finish. For instance, if you have one rattan chair, a wooden IKEA shelf unit, and a 1960’s coffee table, you may be creating dissonance in your space. Consider ridding yourself of one of these elements, then replacing it with something that matches one of the other elements. Perhaps removing the 1960’s table and replacing it with an IKEA table will draw the room together. Perhaps replacing the rattan chair with a 1960’s era arm chair might draw the room together in a retro way. The more your furniture looks as though it is from the same style or era, the more together your room will look.

Another idea for matching pieces is to choose one finish and alter other pieces to have similar finishes. For instance, if you have a blonde wood coffee table, a golden oak shelving unit, and a black lacquered TV cabinet, you have mismatched finishes. If you want to keep the black TV cabinet, consider sanding and using black lacquer paint to refinish the coffee table and shelf unit. If you don’t want to keep the black TV cabinet, but like your blonde wood coffee table, consider replacing the TV cabinet and sanding and lightening the stain of your shelf unit. For some wood furniture, you might consider distressing it and using a white-wash finish.

Remove Clutter with Storage
It’s been said many times. A well-staged home is a clutter-free space. If you struggle to manage clutter, the best thing you can do for yourself is to first throw everything away that you almost never use. If it has sentimental value, or you use it rarely but need it when you do, then you will find a home for it in the garage, attic, or storage area. You can also take photos of some older cherished items that you don’t really need to hang onto any longer.
Speaking of storage areas, if clutter controls you, one of the first things you need to do is purchase cabinets with closing doors. Many people get clutter around the phone area in or near the kitchen. If that’s you, purchase a cabinet that can rest in this area and hold a lot of that clutter. One friend of mine bought an extra upper kitchen cabinet to match the rest of her kitchen, then placed it on the floor under the bar countertop next to the bar stools. That is the place where the kids shove all of their art supplies that they use while sitting at the counter.
Clutter goes beyond counter tops. Clutter can include too many pieces of furniture and too much art on the walls, but that may be a matter of taste. I know people who love knick-knacks and every square inch of their homes is covered with these treasures. They are clean, well-organized homes for the most part, thought one is just junky, with stuff crammed into shelves so tightly that it can’t even be seen.
If clutter is a problem for you, focus intensively on creating cabinets and spaces for your stuff. As my mother always said—a place for everything and everything in its place.

Final Word
Staging is not just about renting expensive furniture and creating a designer interior to sell your home. Staging is also about staging for life—creating a space you enjoy living in, one that contributes to your sense of well-being. By eliminating distractions and removing tolerations, you open up your mind to focus on other, more important things in life. And by matching colors, matching furniture styles, and creating significant extra storage for all your “must-keep” small items, you create a relaxing environment that soothes you, much like a great piece of art or a perfect place in nature. Your home will make you feel good, not just be a place to get out of the rain.

Why You Need to Make Home Buying Your New Year’s Resolution

18 Tuesday Dec 2018

Posted by The Hanley Home Team in Uncategorized

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Buying a home, Goals, Home buying strategy, home ownership, Jacksonville FL real estate agents, Jacksonville Real Estate, New Years Resolution

happy new year decorative plate

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Losing weight, starting an exercise plan, or giving up on smoking are some of the most common New Year’s resolutions for a vast majority of individuals. But have you ever thought that buying a home should be in your New Year’s plan? Let’s face it, you have been dreaming about moving into your own home for such a long time. You even have plans for the kitchen cabinets and a backyard where your kids can play with your dog. But somehow you have not been able to convert your dreams into reality. It is finally the time to stop postponing your decision and start the home buying process….welcome to 2019!

 

Buying a home is a great New Year’s resolution

If you have been living in a rented place for a long time, isn’t it the right time to stop making the bank account of your landlord happy? It’s time to treat your family to a place that it can truly call its own!

 

Benefits of home ownership should spur you into action

There are so many benefits of buying a home that it would take a full article to describe each one of them. But just the fact that you can have your own home with the same (or less) monthly payment that you are now paying as rent should be reason enough to spur you into action. You would need money to put forward in the form of down payment but this money helps in building equity into your home.

 

Mortgage rates are going up and so are the prices of properties. Waiting any longer will only make it that much more difficult for you to buy a home. If you make home buying as a New Year’s resolution, the first step is to contact The Hanley Home Team to help you create an achievable action plan. Give us a call and let’s make it a GREAT 2019 together – www.HanleyHomeTeam.com 904-515-2479 Kevin and Jennifer Hanley, REALTORS The Hanley Home Team of Keller Williams Realty

10 Tip for Protecting your Home During Vacations

14 Thursday Dec 2017

Posted by The Hanley Home Team in Uncategorized

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Tags

home safety, Home security, Jacksonville FL real estate agents, Jacksonville Real Estate, protect your home, real estate, real estate tips

imagesWe hope you all have a safe and relaxing time during your vacation this summer. It’s crucial that we all have time to recharge and recognize what’s important in life. We only go around once, so it’s important to savor what we have.

Before you leave town, we thought you might be interested in a few precautionary safety tips to keep your home and your possessions safe while you’re gone. Often in the run-up to a vacation, people neglect to take simple steps to protect themselves from becoming a victim of theft or vandalism.

You’ve probably covered your bases, but just in case, here are 10 basic precautions you can take:

1. Have someone collect your mail and newspaper daily.

2. Leave shades and blinds in normal positions.

3. Put at least two lights and a radio on automatic timers.

4. Have someone leave trash at your curb on garbage collection day.

5. Have someone park a car in your driveway occasionally. If you leave your car outside, arrange to have it moved every so often.

6. Leave a key with a trusted neighbor in case of an emergency. Let the neighbor know where you are going and when you are expect to return, also leave them a way to get in contact with you in case of an emergency.

7. Lock all windows and doors before you go. Do not forget to double-check basement and garage doors.

8. On extended trips have someone to maintain your landscaping, (grass mowed, leaves raked, etc.)

9. Consider turning off your home’s water main to prevent damage from a burst pipe.

10. Be careful how much you check-in on social media while on vacation. If your privacy settings are incorrect you might reveal to strangers your home is vacant!

Be safe and have a blast…

Is buying or selling your home a priority in 2018?  Give us a call and let’s make your New Year’s resolution a reality – Kevin and Jennifer Hanley, REALTORS The Hanley Home Team of Keller Williams Realty Atlantic Partners Southside 904-515-2479 http://www.HanleyHomeTeam.com

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