DID YOU KNOW? The average rate on the 30-year fixed mortgage hit 3.70% Friday, the lowest since November 2016, according to Mortgage News Daily. That rate will likely dip even lower this week, as bond yields continue to fall. The drop last week meant that 8.2 million 30-year mortgage holders could likely qualify for a refinance and save at least 0.75% off of their current interest rate by doing so. (WSJ)
DID YOU KNOW? Demand for single-family rental homes is surging, and homebuilders are now stepping in, redesigning and reimagining the sector — and becoming landlords themselves. In 2018, about 43,000 single-family homes were built for rent, the largest number in nearly 40 years according to National Association of Home Builders analysis of U.S. Census data. The built-for-rent share of housing starts is also rising, nearly double its recent historical average (from 1992-2012). (CNBC)
DID YOU KNOW? Of all the areas in a home that produce the most return on investment when it comes to renovation, the kitchen stands out. A complete gut is not essential. Options include new appliances, new counters/backsplashes, new cabinet fronts, updated lighting. Spending $10,000 on a kitchen may be as effective as a new $50,000 kitchen for re-sale purposes in some instances. COMPASS CONCIERGE works wonders in the kitchen! ASK ME ABOUT COMPASS CONCIERGE!
The Short's Kauai Adventure!
20 years ago, Steve proposed to me on the island of Kauai. This last week, we shared this magical place with our kids for the first time. During our exploration, we discovered (thanks to Rohn Boyd) a new neighborhood that is the closest thing to the magic of Emerald Bay. The name of our home away form home was Kukui’ula. The next time you are thinking about going to Hawaii, you should seriously check this place out. Call me for details.
My Highlights
Hiked to a private waterfall (Thank You Rohn Boyd)
Played Bocce ball
Hiked the Na Pali Coast
Played shuffle board
Ate the best Ramen I have ever had
Enjoyed the best lime shaved ice
Saw a double rainbow (as well as the entire rainbow)
Danced in the rain
Explored Queen's Bath
Paddle boarded down a river
Woke up to roosters cock-a-doodle-doo’ing
Picked vegetables from a garden
Enjoyed the magic of Emerald Bay of HawaiiKukui’ula
Local News
Plans for Developer’s Two Hotel Projects
in Laguna Beach
Laguna Beach residents recently got their first look at plans for the 118-room Museum Hotel and two alternatives for the proposed Cleo Hotel, after city staffers published concept drawings submitted by Laguna Beach Company last month.
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