Your Real Estate Market Snapshot for December 2016 from SFAR

Most of 2016 offered the same monthly housing market highlights. The number One-Year Change in of homes for sale was drastically down in year-over-year comparisons, along with days on market and months of supply. Meanwhile, sales and prices were up in most markets. Unemployment rates were low, wages improved and, as the year waned, we completed a contentious presidential election and saw mortgage rates increase, neither of which are expected to have a negative impact on real estate in 2017.snip20170118_3

New Listings were down 26.9 percent for single family homes and 40.5 percent for Condo/TIC/Coop properties. Pending Sales decreased 11.5 percent for single family homes and 2.9 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 8.9 percent to $1,309,011 for single family homes but decreased 8.3 percent to $1,007,000 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 16.7 percent for single family units and 20.0 percent for Condo/TIC/Coop units.

The overwhelming feeling about prospects in residential real estate for the immediate future is optimism. Real estate professionals across the nation are expressing that they are as busy as ever. There are certainly challenges in this market, like continued low inventory and higher competition for those fewer properties, but opportunities abound for hardworking agents and diligent consumers.

For the full report, click here: sfar_marketfocus_2016-dec

The Future

A dear friend of mine forwarded this bit of startling information!  Our world is indeed changing faster than we notice while we are going through our daily activities, “just riding the bus” so to speak.
Best wishes for a Happy and Prosperous New Year!

 

The FUTURE is approaching faster than one can handle….!  ?????

In 1998, Kodak had 170,000 employees and sold 85% of all photo paper worldwide.

Within just a few years, their business model disappeared and they went bankrupt.

What happened to Kodak will happen in a lot of industries in the next 10 years and, most people won’t see it coming. Did you think in 1998 that 3 years later you would never take pictures on film again?

Yet digital cameras were invented in 1975.  The first ones only had 10,000 pixels, but followed Moore’s law.  So as with all exponential technologies, it was a disappointment for a time, before it became way superior and became mainstream in only a few short years.  It will now happen  again with Artificial Intelligence, health, autonomous and  electric cars, education, 3Dprinting, agriculture and  jobs.   Welcome to the 4th Industrial Revolution.  Welcome to the Exponential Age.      

Software will disrupt most traditional industries in the next 5-10 years.

Uber is just a software tool, they don’t own any cars, and are now the biggest taxi company in the  world.

 

Airbnb is now the biggest hotel company in the world, although they don’t own any properties.

Artificial Intelligence:  Computers become exponentially better in understanding the world. This year, a computer beat the best Go-player in the world, 10 years earlier than expected.

In the U.S., young lawyers already don’t get jobs. Because of IBM’s Watson, you can get legal advice  (so far for more or less basic stuff) within seconds, with 90% accuracy compared with 70% accuracy when done by humans.

So if you study law, stop immediately.  There will be 90% less lawyers in the future, only specialists will remain.

Watson already helps nurses diagnosing cancer, it’s times more accurate than human nurses.

Facebook now has a pattern recognition software that can recognize faces better than humans.  In 2030, computers will become more intelligent than humans. (NEVER!/Albert)

Autonomous  cars: In 2018 the first self driving cars  will appear for the public. Around 2020, the complete industry will start to be disrupted. You don’t want to own a car anymore. You will call a car with your phone, it will show up at your location and drive you to your destination. You will not need to park it, you only pay for the driven distance and can be productive while driving.

Our kids will never get a driver’s license and will never own a car.

It will change the cities, because we will need 90-95% less cars for that.  We can transform former parking spaces into parks.

1.2 million people die each year in car accidents worldwide. We now have one accident every 60,000 miles  (100,000 km), with autonomous driving that will drop to accident in 6 million miles  (10 million km). That will save a million lives each year.

Most car companies will probably become bankrupt. Traditional car companies try the evolutionary approach and just build a better car, while tech companies (Tesla, Apple, Google) will do the revolutionary approach and build a computer on wheels.

Many engineers from Volkswagen and Audi are completely terrified of Tesla.

Insurance companies will have massive trouble because without accidents, the insurance will become 100x cheaper. Their car insurance business model will disappear.

Real estate will change.  Because if you can work while you commute, people will move further away to live in a more beautiful neighbourhood.

Electric cars will become mainstream about 2020.  Cities will be less noisy because all new cars will run on electricity.

Electricity will become incredibly cheap and clean:  Solar production has been on an exponential curve for 30 years, but you can now see the burgeoning impact.

Last year, more solar energy was installed worldwide than fossil.  Energy companies are desperately trying to limit  access to the grid to prevent competition from home solar  installations, but that can’t last.  Technology will take care of that strategy.

With cheap electricity comes cheap and abundant water. Desalination of salt water now only needs 2kWh per cubic meter (@ 0.25 cents). We don’t have scarce water in most places, we only have scarce drinking water.   Imagine what will be possible if anyone can have as much clean water as he wants, for nearly no cost.

Health: The Tricorder X price  will be announced this year.  There are companies who will build a medical device (called the “Tricorder” from Star Trek) that works with your phone, which takes your retina scan, your blood sample  and you breath into it.

It then analyses 54 bio-markers that will identify nearly any disease.  It will be cheap, so in a few years everyone on this planet will have access to world class medical analysis, nearly for free Goodbye, medical  establishment.

3D printing: The price of the cheapest 3D printer came down from  $18,000 to $400 within 10 years. In the same time, it became 100 times faster. All major shoe companies have already started 3D printing  shoes.

Some spare airplane parts are already 3D printed in remote airports.  The space station now has a printer that eliminates the need for the large amount of spare parts they used to have in the past.

At the end of this year, new smart phones will have 3D scanning possibilities.  You can then 3D scan your feet and print your perfect shoe at home.

In China, they already  3D printed and built a  complete 6-storey office building.  By  202710% of everything that’s being   produced will be 3D printed.

Business  opportunities: If you think of a niche  you want to go in, first ask yourself: “In the future, do I think we will have that?” and if the answer is yes, how can you make that happen sooner?

If it doesn’t work with your phone, forget the idea.  And any idea designed for success in the 20th century is doomed to failure in the 21st century.

Work70-80% of jobs will disappear in  the next 20 years. There will be a lot of new jobs, but it is not clear if there will be enough new jobs in such a short time.  This will require a rethink on wealth distribution.              

Agriculture: There will be a  $100 agricultural robot in the future.  Farmers in 3rd world countries can then  become managers of their field instead of working all day on their  fields.

Aeroponics will need much less water.  The first Petri dish produced veal, is now available and will be cheaper than cow produced veal in 2018. Right now, 30% of all agricultural surfaces are used for cows. Imagine if we don’t need that space anymore.

There are several start-ups who will bring insect protein to the market shortly.  It contains more protein than meat. It will be labeled as “alternative protein source”  (because most people still reject the idea of eating insects).

There is an app called “moodies” which can already tell in which mood youre in. By 2020 there will be apps that can tell by your facial expressions, if you are lying.  Imagine a political debate where it’s being displayed when theyre telling the truth and when theyre not.

Your Real Estate Market Snapshot for November 2016 from SFAR

NOVEMBER 2016

The story has remained consistent as concerns residential real estate. In year-over- year comparisons, the number of homes for sale has been fewer in most communities. Meanwhile, homes are selling in fewer days and for higher prices.

This hasn’t always been the case, but it has occurred with enough regularity and for enough time to make it a trend for the entirety of 2016.

snip20161220_1New Listings were down 21.7 percent for single family homes and 31.3 percent for Condo/TIC/Coop properties. Pending Sales increased 17.7 percent for single family homes and 10.9 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 8.1 percent to $1,365,000 for single family homes but decreased 7.2 percent to $1,044,500 for Condo/TIC/Coop properties. Months Supply of Inventory decreased 10.5 percent for single family units and 4.5 percent for Condo/TIC/Coop units.

Financial markets were volatile in the days surrounding the presidential election, but they self-corrected and reached new heights soon after. Long-term indicators of what it will be like to have a real estate developer for a president remain fuzzy, but the outcome is not likely to be dull. Prior to the election, trend shift was hard to come by, and unemployment rates have not budged since August 2015. Post-election, mortgage rates are up and so are opinions that a trend shift is likely in the near future.

For the full report click here: sfar_marketfocus_2016-nov

Your Real Estate Market Snapshot for October 2016 from SFAR

As we enter the final quarter of 2016, not much has changed since the year began. Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory decline. There is little to indicate that the low inventory situation will resolve anytime soon.

snip20161116_6New Listings were down 22.4 percent for single family homes and 15.8 percent for Condo/TIC/Coop properties. Pending Sales decreased 15.4 percent for single family homes and 14.1 percent for Condo/TIC/Coop properties.

The Median Sales Price was up 11.0 percent to $1,407,500 for single family homes and 4.5 percent to $1,150,000 for Condo/TIC/Coop properties. Months Supply of Inventory increased 9.1 percent for single family units and 14.8 percent for Condo/TIC/Coop units.

Builder confidence is as high as it has been in more than a decade, yet the pace of economic growth has been slow enough to cause pause. A low number of first-time buyer purchases and a looming demographic shift also seem to be curbing the desire to start new single-family construction projects. As older Americans retire and downsize, single-family listings are expected to rise. The waiting is the hardest part.

For full report, click here: sfar_marketfocus_2016-oct

How to really drain the Washington swamp!

The BUFFETT Rule

Let’s see if these idiots understand what people pressure is all about.

Salary of retired US Presidents .. . . . .. . . . . $180,000 FOR LIFE.

Salary of House/Senate members .. . . . .. . .$174,000 FOR LIFE. This is stupid

Salary of Speaker of the House .. . . . .. . . . . $223,500 FOR LIFE. This is really stupid

Salary of Majority / Minority Leaders . . .. . .$193,400 FOR LIFE. Stupid

Average Salary of a teacher . . .. . . . .. . . . . ..$40,065

Average Salary of a deployed Soldier . . .. . . $38,000

Here’s where the cuts should be made!

Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:

“I could end the deficit in five minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election”.

The 26th Amendment ( granting the right to vote for 18 year-olds ) took only three months and eight days to be ratified! Why? Simple! The people demanded it. That was in 1971 – before computers, e-mail, cell phones, etc.

Of the 27 amendments to the Constitution, seven (7) took one (1) year or less to become the law of the land – all because of public pressure.

Warren Buffett is asking each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.

In three days, most people in The United States of America will have the message. This is one idea that really should be passed around.

Congressional Reform Act of 2017

  1. No Tenure / No Pension. A Congressman / woman collects a salary while in office and receives no pay when they’re out of office.
  2. Congress (past, present, & future) participates in Social Security.

All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.

  1. Congress can purchase their own retirement plan, just as all Americans do.
  2. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
  3. Congress loses their current health care system and participates in the same health care system as the American people.
  4. Congress must equally abide by all laws they impose on the American people.
  5. All contracts with past and present Congressmen/women are void effective 3/1/17. The American people did not make this contract with Congressmen/women.

Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and go back to work.

If each person contacts a minimum of twenty people, then it will only take three days for most people in the U.S. to receive the message. It’s time!

THIS IS HOW YOU FIX CONGRESS!