George L. Duarte

Mortgage Loans Fremont California Horizon Financial Associates

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Check Out This Great Next Gen Kitchen Technology

July 25, 2018 by George Duarte

Check Out This Great Next Gen Kitchen TechnologyThere’s perhaps no better indicator that we are living in the technology age than Smart gadgets infiltrating the kitchen. Whether they are little conveniences or big-ticket items, the chef in every home can benefit from the devices that help improve cooking, storage and food preparation. These are some of the next generation kitchen items that are making life a little easier and homes a tad more valuable.

Samsung Family Hub Smart Fridge Provides Constant Contact

This big-ticket Samsung line has definitely taken refrigeration to the next level. It features a touchscreen that you can connect to with handheld devices to connect with your unit. One of the key features is that it enjoys an embedded camera and you can literally look at what is on your shelves while shopping for the evening meal. The days of being one ingredient short are over.

But beyond the shopping aid, the Family Hub lets you know when food is expiring, provides recipe suggestions, plays music and can utilize an Internet of Things method of ordering items for you. The Smart fridge has all the bells and whistles that can help improve your quality of life.

Smart Ovens Are Trending

Star Trek: Next Generation fans may recall Capt. Jean-Luc Picard ordering tea by simply saying “Earl Grey, hot.” The days of voice-activated meals may be closer than you think.

The latest lines of Smart ovens are integrating WiFi and connecting to recipe apps as well as that friendly home bot Alexa. Amazon reported that Alexa will be integrated into the kitchen and laundry room going forward. Several lines of Smart ovens on the market are already set up for tech-oriented homes. This Smart kitchen trend is likely to be popular with Millennial homebuyers who are flooding the real estate market.

Tech-Savvy Toaster Ovens Rule

The sometimes-forgotten toaster oven could be making a comeback in a huge way. Some of the new lines, such as Breville’s Smart Oven and Smart Oven Pro could double for a full-sized unit. Reviews on the brand tout the device’s ability to cook a 13-inch pizza or 14-pound turkey.

But the next generation aspect of these Smart ovens are things such as the “air fry” capabilities. It also features 13 pre-programmable cooking options including dehydrate. Those college dorm room days of crumb-filled toaster ovens heating up pre-cooked frozen foods are last generation.

Futuristic PancakeBot Amazes

Tech buffs often see 3-D printers as the device that could make the largest difference in terms of machinery and even ending hunger. The 3-D technology has been put to use making amazing and artistic pancakes of all shapes and sizes. You simply program it with a computer image to create the pancake design you desire, pour in the batter and serve.

The next generation of Smart kitchens are shifting the way home cooks function. In terms of property values, integrating Smart technologies appear to be highly sought after and can be a difference-maker in home sales.

If high-tech kitchen gadgets are on your list of must-haves, contact your trusted mortgage professional to discuss financing options.

Filed Under: Real Estate Tagged With: High Tech, Kitchen, Real Estate

3 Generations Top Housing Market Trends

July 24, 2018 by George Duarte

3 Generations Top Housing Market TrendsHistorians like to say that those who do not learn the lessons of the past are doomed to repeat them. In the real estate industry, the chances of that happening are slim because agents and other professionals follow market trends closely.

That being said, a careful examination of 2017 market trends and other factors can help highlight where the housing market is headed. Consider these top trends when deciding about whether to buy or sell a property.

Millennials Scooping Up Homes

According to resources such as Zillow, the low inventory and emergence of Millennials in the home-buying market helped break records last year. Millennials comprised upwards of 34 percent of the market and about two-thirds of them were reportedly first-time home buyers.

Given the shortage of entry-level homes for this demographic, 2018 and 2019 should have them in the driver’s seat in terms of buying trends. Although home prices are expected to rise in the single digits during the foreseeable future, the second wave of Millennial home buyers are likely to take a big bite of listed properties.

As this group moves into their mid-30s, expectations are that last year’s 34 percent turns into about 43 percent of homes purchased. Millennials appear to be setting the pace.

Gen Z Home Buyers Expect Smarter Homes

Consider those born between 1995 and 2001 are adults or on the cusp of becoming adults. The front end of Generation Z is graduating college and looking for starter homes. This group is bound and determined to be different and they were basically weaned on technology.

Tech-friendly kitchens, lights and home-integrated devices have been trending and this demographic is likely to make them a priority when buying a home. Homeowners who are considering updating to a so-called “Smart Home” could be rewarded with resale value once Gen Z enters their collective mid-30s. Smart homes are trending and could go vertical with Gen Z buyers.

Generation X Returns From Great Recession

The housing crisis of 2007-09 put upwards of 10 million Americans out of their homes. Forced into foreclosure and bankruptcy, the financial aftermath of that catastrophe is coming to an end.

Those that filed for bankruptcy during the crash are in position to put their rebuilt credit to work. According to reports, approximately 1.5 million people could become eligible to re-enter the housing market in 2019.

A large portion of these potential returning homebuyers fall into the Gen X age group. They are likely to be savvier than the first time out. Many of these 50-somethings are expected to be frugal and cautious value buyers that could target properties that are traditionally considered starter homes. Regardless of how the trend plays out, Gen X is coming to a housing market near you.

If these emerging trends indicate anything, it’s that the shortage of homes on the market will only get tighter. Several large emerging demographics and returning buyers are going to speed an already fast-selling market. The trending idea may be to buy a home in today’s market and save money.

Contact your trusted mortgage professional for a pre-approval and get started looking for the house of your dreams!

Filed Under: Real Estate Tagged With: Home Sales, Market Trends, Real Estate

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George L. Duarte

MBA, CMC, CMHS
Call 510.377.9059
Fremont, CA

California DRE Corp Lic no. 01032295
DRE Personal Brokers Lic. No. 00943635
NMLS Corporate Lic. No. 302358
Personal Lic. No. 302219

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