We are watching close to see where the real estate market is headed. Anecdotally we can tell you that the vast majority of transactions that are under contract are still closing. We have seen very few transactions cancel because of employment issues or the wild swings of the stock market.
An interesting leading indicator was announced this week that sheds some light as to where the market is headed. Each week the Mortgage Bankers Association releases their index which tracks new mortgage applications.
They track both purchase applications and refinance applications. To no one’s surprise, the index was down this week but not as much as you may have guessed.
New purchase applications were down 11% compared to the same week this last year. Refinance activity fell more sharply, down 34%.
This is a statistic we will watch closely as time goes on.
With some creative thinking and a few do-it-yourself projects, you too can transform an everyday bathroom into a spa-like experience:
High-end shower head
There are a plethora of shower head options available today that can make even a simple shower space feel like a luxuriating experience.
Heated towel rack
Once out of the tub/shower, heated towels help you comfortably maintain your body temperature while the pampering continues.
Adjust the bathroom lights to match your moods and activities: brighter for primping, and dimmed to create a calming effect.
Not everything that’s meant for the bathroom needs to be stored in the bathroom. Look for things that can be moved elsewhere to make the space feel a bit bigger and more organized.
Essential oils, luxury soaps, and scented candles are an easy way to create an aromatic atmosphere of luxuriousness.