|
|
|
|
Dear All, New Year, new beginning - I hope you had restful and healthy Holidays! The pandemic has changed everything, yet there has been particularly much talk about Inflation and the Economy. INFLATION always drives investors to bricks. Investing in real estate will always have four primary benefits - income, longterm capital gain, tax benefits and inflation hedge - which when combined make for a very attractive investment. Even when inflation is 2%, compounded over 10 years that escalation is around 22%. Maybe not a big wealth creator, but certainly a great wealth preserver....something many investors are seeking now when equities are at all time highs. |
|
ECONOMY put into perspective: * Health: U.S. companies are recording some of their best ever financial results. The liquidity crunch many feared in 2020 never materialized, leaving companies with sizable cash cushions. * Growth: The Conference Board forecasts that 2021 US Real GDP growth will come in at 5.6% (year-over-year). Looking further ahead, they forecast that the US economy will grow by 3.5% in 2022 and 2.9% in 2023. * Unemployment: 1.7 million Americans were collecting traditional unemployment aid the week that ended Dec. 18, lowest since March 2020 and down by 140,000 from the week before. * Equity markets: All US equity markets are at or close to record highs. * Wages/Net Worth: US Real Median US household income was $57,732/year in 2011.... 10 years later, in 2021, this was up to around $79,900......up about 38%. * US National debt: This is an area of concern: US debt has soared faster and further than GDP growth (then again, COVID was somewhat akin to a world war). * US budget deficit: 2021 $3 trillion, 13.2% debt-to-gdp ratio, high, yet half of what it was during WW2. |
|
Conclusion: The US economy is not a reflection of the handful of politicians, media types or loudmouths that steal headlines daily. No individual, media entity or political party drives the US economy. The practical, hard-working people of the US that help drive this economy daily - YOU! - are the drivers. You are in the driver seat in 2022! Warm regards, sue |
|
Real Estate in the News |
 |
|
I'm excited to share the Compass NYC Monthly Market Snapshots for December 2021. * And for the detailed quarterly |
|
|
|
|
Where the Housing Market Is Going in 2022 As Told by 7 Leading Forecast Models A perfect storm. That's the best way to describe the red-hot housing market we've seen from coast-to-coast during the pandemic. It was spurred by a combination of recession-induced low mortgage rates, remote work allowing buyers to sprawl further away from their workplace, and a wave of first-time millennial homebuyers entering into the market. Of course, years of under-building means there simply aren't enough homes available to meet this demand. Cue record price growth. But how much longer will this run last? |
|
NYC January Events |
|
THE JOYCE THEATRE at Chelsea Factory January 11-23, In partnership with the newly opened arts and community center, for their inaugural programming the Joyce has selected four dance artists and companies to perform Tickets click HERE |
|
Wavelengths Global Music Conference Presented by globalfest Online Event via Zoom January 27 Tickets click HERE |
|
|
2022 Winter Jazzfest Join the infamous music marathon event this winter in downtown Manhattan. Winter Jazzfest is comprised of over 600 artists on 20 stages over 10 nights. The festival features multiple artists and venues and has become one of New York's most exciting and unique nightlife offerings. Visit the website HERE to learn more. |
|
NYC Restaurant Week Back this winter is restaurant week, which for New Yorkers means enjoying cheap meals all over the city. Several tourists and locals look forward to this event every year because it’s a great opportunity to try new restaurants or simply enjoy top-notch meals at decent prices. Read more about restaurant week HERE. |
|
|
Coming up on February 2, 2022, 7:30pm: Eliane Amherd: La Dégustation Musical Album Release Concert at the City Vineyard, at Hudson River Park's Pier 26. In La Dégustation, her inspirations as a singer and guitarrist remain international, but as a songwriter, she turns her lens to her home soil: the complex and diverse terroirs of the canton Valais in Switzerland, where wine is business, culture, science, and (nearly) religion. |
|
Lifestyle Tips & Tricks |
|
|
|
Two Factors That May Impact the Real Estate Market in 2022 It's no secret that 2021 has been a hot year for the real estate market. Houses are selling at record prices, bidding wars are frequently taking place for the limited inventory available, and it's not unusual for buyers to pay for home purchases entirely in cash. Though the market appears to be normalizing somewhat as more listings become available, 2022 is poised to have some unique issues and challenges of its own when it comes to real estate sales. Two factors in particular are likely to impact the market in the year ahead. |
|
Home Appraisals: What You Need to Know A home appraisal may not be top of mind when you're looking to buy, sell or refinance a home. But maybe it should be. Appraisals are necessary when buying and selling a home because banks won’t lend money if the appraised value of the house is less than the loan amount. However, there are other times when an appraisal may be required or can help save you money. |
|
These Are the Biggest Color Trends To Keep An Eye On In 2022 The colors we surround ourselves with can directly impact our emotions. Choosing the right dining room paint or the best pop for living room paint colors can make all the difference in uplifting the mood of any space. And after two rather interesting years, more and more design enthusiasts are turning to color to liven up their homes and create spaces of inspiration. |
|
|
Organization Tips for Every Room in Your Home Organizing your home doesn't have to happen all at once. Go room by room with these practical storage solutions and decluttering ideas for kitchens, bathrooms, living areas, and more. |
|
|