Fears of being shut out of housing

Rising home prices set off fears that real estate will become even more expensive, making it impossible ever to buy a home in a given city.

It’s easy to understand how such worries spread, but the historical record suggests that these fears are generally exaggerated. Cities with steep price increases today will probably have much smaller upticks in the future. And for the most part, differences in price increases among cities are well explained by short-term variations in employment growth.

Consider some recent trends. In the year ended in March, cities like Denver, Seattle and Portland, Ore., had employment growth of more than 3 percent, according to the Bureau of Labor Statistics, along with double-digit home price increases, according to the S.&P./Case-Shiller indexes. At the same time, employment growth has been relatively tepid in cities like Boston, Cleveland and New York, and so have home price increases.

…Given these facts, why do people still worry that home prices are getting out of reach? The answer can’t be found in the housing data. Instead, these fears may reflect anxieties about other issues — like income inequality, globalization and the threat of job losses because of robots and artificial intelligence. In prosperous cities, rising prices may connote economic exclusion.

read more at: http://www.nytimes.com/2016/06/12/upshot/the-overinflated-fear-of-being-priced-out-of-housing.html?_r=0

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6 things to do to get your home ready for sale

declutter

Declutter.  You need someone to walk into your home and be able to imagine themselves living there, says stylist Andrea Jones of O’Meara Jones. And they won’t be able to do that if there are personal ornaments crowding every surface inside, and the garden full of gnomes.

“Clutter looks messy and makes people feel it might be dirty underneath,” she says.

“So just get rid of all those bitty ornaments you’ve collected over the years and anything frilly or busy. Replace it all with a couple of colourful vases artfully placed to the side.”

Deep clean.  Morton Real Estate agent Etienne West advises all his vendors to hire professionals for a deep clean. “You need your property to look absolutely spotless,” he says.

“That means the kitchen, cooker, bathroom tiles, floors, windows, doors, walls … everything.  They’ll remove all the marks on walls, wipe inside the cupboards and drawers – you often see buyers opening them to check – and make sure it looks as fresh as possible.”

Fix the small stuff.  Give it a fresh coat of light, neutral-coloured paint which will immediately make a house look brighter, lighter and cleaner, says Jones. “Also, people can imagine their furniture against those blank walls much more easily than if they’re a wild colour or dark. You can always introduce colour with a lovely rug or cushions.”

West also likes to recommend a handyman comes in to do small jobs like regrouting, fixing dripping taps, or laying new carpet in rooms where it’s needed.

read more at: http://www.domain.com.au/news/six-ways-to-get-the-best-price-when-selling-your-home-20160609-gpctba/

Futuristic home gadets now available

Behold! Take a look at the home of the future … Or is it the home of today? These innovative, Jetsonesque appliances are here to make your life easier, taking much of the struggle out of our menial daily chores. Out with the old and in with the extremely new!

oven

1. June Oven

Clueless in the kitchen? This smart oven doesn’t leave anything to chance. June has been marketed as the biggest kitchen game-changer since the microwave oven. Just pop in the raw meal – and stand back as it does its work. With its built-in camera and processor, June recognizes what dish you’re cooking, sets the appropriate temperature, and turns itself off when your food is ready. Think of it as an easy-bake oven for grown-ups!

See more at: http://www.domain.com.au/advice/10-futuristic-home-gadgets-to-make-your-life-easier-20160622-gpow4w/