“Everybody needs a passion. That’s what keeps life interesting. If you live without passion, you can go through life without leaving any footprints.” — Betty White: From her book, If You Ask Me (And Of Course You Won’t)
Happy 2022 Friends! Tom and I were able to corral our 3 teenagers to hang out with us at home this New Years' Eve with the offerings of fabulous food and an invitation to a couple of friends to join the traditions and fun. I am cherishing these moments more than ever as the realization of having all 3 of my children in high school means we will soon be empty nesters.
On a professional note, the luxury real estate market continues to be exceptionally strong, and Bloomberg recently reported that sales of super-luxury homes in 2021 increased by an incredible 35% year over year. More than 40 residential properties closed above $50 million in the United States, and plenty of those homes traded hands in California.
"We've never seen this kind of growth. It's a national phenomenon," said data appraiser Miller Samuel's president. "One big takeaway in housing is: The lower the rates, the higher the prices. And this is that phenomenon on steroids." Record-low interest rates, a vigorous stock market, and the pandemic-inspired focus on home as a sanctuary have been the perfect ingredients to this rise in the market. With some notable changes on the horizon for 2022 and the announcement of possible increased interest rates from the Feds, we are keeping a sharp eye on market trends and the housing forecasts ahead. At the beginning of each new year, I feel invigorated at the possibilities ahead. We are excited for the fabulous new inventory my team will be rolling out soon and a fresh vision for 2022!