NAR released a summary of pending home sales data showing that July’s pending home sales pace increased 5.9% last month and rose 15.5% from a year ago. This would be the third consecutive month of gains as well as the second year-over-year incline since the virus’s impact on the housing market.
Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead Existing Home Sales data by 1 to 2 months.
All four regions showed double inclines from a year ago. The Northeast had the biggest gain in contract signings of 20.6% followed by the Midwest with an increase of 15.4%. The South had a gain of 14.9% followed by the West which the smallest incline of 13.2%.
From last month, all four regions showed gains in contract signings. The Northeast had the most significant increase of 25.2%. The West had an incline of 6.8% followed by the Midwest with an increase of 3.3%. The South had the smallest gain in contract signings of 0.9%.
The U.S. pending home sales index level for the month was 122.1.
July’s incline brings the pending index above the 100-level mark for the second consecutive month since February 2020. The 100 level is based on a 2001 benchmark and is consistent with a healthy market and existing-home sales above the 5 million mark.
With winter around the corner, you may be considering the pros and cons of replacing your home's traditional thermostat with a smart thermostat. We've taken a deeper into the highs and lows of a smart thermostat.
THE HIGHS Smartthermostats are convenient. A smart thermostat adjusts the heating and cooling temp setting of your home remotely from your smartphone. Your smart thermostat will provide a brand app that you download onto your mobile device. The app allows you to check your thermostat anywhere you have WiFi. You can change the temp setting on your thermostat while at the office, running errands, or even on vacation.
Smartthermostats are...well, smart! Many utilize sensors and algorithms to track your family's energy use. This function will help schedule the heating and cooling of your home, which saves you energy and money.
Smart thermostats are compatible with voice-command technology. Picture this: Your hands are covered in flour and oil, your kitchen is heating up, and your guests are arriving in half an hour. All you have to do is say: "Alexa, turn down the AC to 70 degrees."
Smart thermostats use Geofencing capabilities. This alerts the smart thermostat that you're heading home and will adjust the temperature according to your preferences.
Smart thermostats offer greater visibility. They are generally lighter, brighter, and use large, digital, easy-to-read numbers for the display.
Smart thermostats can provide reporting. Some smart thermostats can show you easy-to-read monthly reports that help you analyze your family's energy usage and change filters.
THE LOWS Smart thermostats can be pricey. A quality smart thermostat will run you about $200, with some systems listed at $400. A few systems will also require the additional cost of professional installation.
Smart thermostats may be unnecessary if you work from home. You won't be raising or lowering the temperature of your home during the day if your home is consistently occupied. You would likely not see a significant increase in savings.
A smart thermostat might not be compatible with your system. Depending upon its age, your current heating and cooling unit may not be compatible with a smart thermostat.
Programming a smart thermostat can get complicated. The setup of your smart thermostat system and interpretation of its display panel may not be something you're interested in investing your time and patience in.
Smart thermostats are subject to hacking and privacy concerns. Although you might think a hacker will not be interested in raising or lowering the temperature of your home, Travelers.com says, "smart thermostats can provide details about your daily comings and goings, which a thief could find insightful."
Being a good neighbor comes naturally to most of us. These days it's more important than ever to be a positive neighbor. Here are just a few ways to celebrate National Good Neighbor Day, and thank a neighbor you appreciate.
Get to know your neighbor. You can still maintain your privacy and theirs, but let them know you're there for them.
Keep the area around your home neat and attractive - take pride in your neighborhood.
Respect your neighbor’s privacy.
Be aware of the noise coming from your home - like a constantly barking dog, or loud music all hours of the day.
Be conscientious about ending your parties at a reasonable hour, or better yet, consider inviting your neighbor to come, too.
Be respectful about returning your neighbor's property, such as tools and appliances.
Bring your neighbor a sweet treat on occasion, or treat them to something from your garden, whether it's flowers or vegetables.
i have a great Century 21 app that you can easily search properties and contact me through. Unlike Zillow or other home searching sites, I won't sell your information.
MARKET STATISTICS - SOLD DATE 08/01/2020 TO 08/31/2020
Property Category = RESIDENTIAL County = Multnomah Status = SLD Sold Date = 08/01/2020...08/31/2020 City = Portland Property Type = CONDO, DETACHD
Contact me for a full and/or customized report for your area.
One tool that is very helpful is the Altos Report that I have access to. This shows a snapshot at any time for any of these areas and zip codes. Contact Me for a report in your area.
Would you like to know what your home could sell for right now? I am happy to look at market data and current trends to come up with a Comparative Market Analysis that is customized for your home.
APPLE PIE BAKED APPLES
3 Granny Smith apples, or whatever apples you prefer
1 tbsp. warm water
2 tsp. cornstarch
2 tbsp. butter Juice from 1/2 a lemon
1 tsp. cinnamon, plus more for sprinkling
1/3 c. granulated sugar, plus more for sprinkling
1 refrigerated pie crust (or make one from scratch!
1 egg beaten with 1 tbsp. milk (egg wash)
Caramel, for drizzling
Preheat oven to 375°.
Peel and dice one apples. Slice off tops and, using a melon baller, hollow out the remaining apples.
In a small bowl, whisk together water & cornstarch.
In a small saucepan over medium heat, melt butter. Add diced apples, lemon juice, cinnamon, and sugar. Bring to a simmer and cook until apples are tender, about 5 minutes. Add in cornstarch mixture and cook 5 minutes more.
Place hollowed out apples in a baking dish and fill with cooked apple mixture.
On a piece of wax paper, roll out pie dough and cut into 4 circles. Slice each circle into thin strips. Make a lattice top on each apple, trimming any excess.
Brush crust with egg wash and sprinkle with more cinnamon sugar.
Bake until apples are tender and crust is golden, 28 to 30 minutes.
This is not intended as a solicitation if your property is currently listed with another agent. These materials contain information and articles obtained from third parties. Century 21 - Cascade or it's agent's do not endorse the recommendations of any third party nor guarantee the information provided is complete or correct.