The dining in trend may be fueling the rise of the dining room in homes. Over the past 2 years, home delivery of meals has soared. While many love cooking, a quality meal fully prepared and delivered is very well received in so many more households now. The kitchenette/butlers pantry or area for warming food could be the next growing home amenity trend.
Per CoreLogic, $1.21 trillion worth of property sold in the U.S. in 2021, dwarfing the $1.17 trillion recorded in 2006 and $1 trillion in 2007 - the two years leading up to the Great Recession. In 2021, existing-home sales totaled 6.12 million – an increase of 8.5% from the prior year and the highest annual level since 2006.
A little sugar left from Valentines Day - Sweethearts, the conversation heart candy, was missing from shelves in 2019. Necco, the candy’s original producer, went out of business in 2018. The candy’s new owner, Spangler Candy Company, re-introduced the conversation hearts with modest changes in 2020. After production changes the candy is back in its previous form.
Over the past 54 years, long-term U.S. annual home price appreciation has remained around 4%. We’ve been well above the 4% trend line since 2012. Over the past 3 years, annual home price appreciation has reached 17% and more in some areas.
Neither New York nor Palm Beach, nor Los Angeles just had a massive home sale - Paris, France did! $227 million for a 43,000 square foot historic mansion close to Notre Dame, the Hotel Lambert!
Alameda, CA in the San Francisco Bay area has its own power company (the oldest west of the Mississippi) and it is 100% green and is less expensive and more reliable than the big power company (PG&E) in the bay area. Going local seems to be a growing trend in all things.