The start of a new year is a great time to help your children focus on forming good habits. Making New Year’s resolutions can be a fun way to do this!
As a pediatrician and mom of three kids, I know how important it is to set healthy goals with kids – and to be realistic about those goals. Kids also love having something to work toward. They can have fun keeping track on sticker charts or getting praise or rewards as they reach these goals, depending on their age.
Making resolutions together
I encourage you to sit down with your kids and, together, pick maybe one or two goals they want to set as their New Year’s resolutions. If it’s too overwhelming to think of them as resolutions, then just talk about them as goals and make it fun.
Keep it fun
If your 8-year-old meets that goal of reading every day for a week, maybe they get to pick the family movie during the weekend. Maybe your preschooler can eat more vegetables by drinking them in smoothies that the whole family enjoys. Involving kids in the decision-making and making these fun for the entire family can help turn these resolutions into long-lasting habits.
Here are some healthy and positive goal-setting resolution ideas you can suggest to your children, depending on their age:
New Year’s resolution ideas for preschoolers
I will try hard to clean up my toys by putting them where they belong.
I will let my parents help me brush my teeth twice a day.
I will wash my hands after going to the bathroom and before eating.
I will try new foods when I can, especially all different colors of vegetables.
I will learn how to help clear the table when I am done eating.
I will be friendly to all animals. I will learn how to ask the owners if I can pet their animal first.
I will always hold a grown-up’s hand whenever I cross the street.
I will talk with my parent or another adult I trust when I need help or am scared.
New Year’s resolution ideas for kids (5 to 12 years old)
I will drink water every day and healthy beverages like milk with meals. I will keep soda and fruit drinks only for special times.
I will wear my seat belt every time I get in a car. I’ll sit in the back seat and use a booster seat until I am tall enough to use a lap/shoulder seat belt.
I will try to find a physical activity (like playing tag, jumping rope, dancing or riding my bike) or a sport I like and do it at least three times a week!
I will take care of my skin by putting on sunscreen and wearing a hat and sunglasses when possible.
I will always wear a helmet when riding a bike, scooter or skateboard.
I’ll try to be friendly to kids who may have a hard time making friends by talking with them and inviting them to join activities.
I will tell an adult about bullying that I see or hear about to do what I can to help keep school safe for everyone.
I will keep my personal info safe and not share my name, home address, school name or telephone number online. Also, I’ll never send a picture of myself to someone I chat with on the computer or phone without asking my parent if it is okay.
I will try to talk with my parent or a trusted adult when I have a problem or feel stressed.
I promise that I’ll do my best to follow our household rules for videogames and internet use.
New Year’s resolution ideas for teens (13 years old and older)
I will try to eat two servings of fruit and two servings of vegetables every day. I will drink sodas or fruit drinks only at special times.
I will do my best to take care of my body through fun physical activity and eating the right types and amounts of foods.
When I have some down time for media, I will try to choose educational, high-quality non-violent TV shows and video games that I enjoy. I will spend only one to two hours each day—at the most—on these activities. I promise to respect out household rules for videogames and internet use.
I will try to get 8 to 10 hours of sleep that my body needs each night.
I will do what I can to help out in my community. I will give some of my time to help others, working with community groups or others that help people in need. These activities will make me feel better about myself and my community.
When I feel angry stressed out, I will take a break and find helpful ways to deal with the stress, such as exercising, reading, writing in a journal or talking about my problem with a parent or friend.
When faced with a difficult decision, I will talk about my choices with an adult I can trust.
When I notice my friends are struggling, being bullied or making risky choices, I will look for a trusted adult so that we can attempt to find a way to help.
I will be careful about whom I choose to date. I will treat the other person with respect and not force them to do something they do not want to do. I will not use violence. I will expect to be treated the same way in return.
If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains:
“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”
Unfortunately, when information in the media isn’t clear, it can generate a lot of fear and uncertainty in the market. As Jason Lewris, Cofounder and Chief Data Officer at Parcl, says:
“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt.”
But it doesn’t have to be that way. Buying or selling a home is a big decision, and it should be one you feel confident making. To help you separate fact from fiction and get the answers you need, lean on a local real estate advisor.
A trusted expert is your best resource to understand what’s happening at the national and local levels. They’ll be able to debunk the headlines using data you can trust. And using their in-depth knowledge of the industry, they’ll provide context so you know how current trends compare to the normal ebbs and flows in the industry, historical data and more.
Then, to make sure you have the full picture, they’ll tell you if your local area is following the national trend or if they’re seeing something different in your market. Together, you’ll use all of that information to make the best possible decision for you.
After all, making a move is a potentially life-changing milestone. It should be something you feel ready for and excited about. And that’s where an agent comes in.
Bottom Line
If you have questions about the headlines or what’s happening in the housing market today, let’s connect so you have expert insights and advice on your side.
From family-friendly to couples-focused, there are so many options this year! Whether you want to get dressed up or just have a low key night with the kids, we’ve got you covered. This list includes all of our favorite spots and what they’re doing on December 31st. Happy New Year!
Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home.
Build Your Credit
Your credit is one element that helps determine which home loan you’ll qualify for. It also impacts your mortgage interest rate. While there are many factors that go into your mortgage application, a higher credit score could lead to a lower monthly payment in the long run.
So how do you make sure your credit is in the best shape possible when it’s time to buy? A recent article from NerdWallet lists a few tips you can use as you work to build and strengthen your credit. They include:
Tracking your credit and disputing any errors that show up on your reports.
Paying your bills on time. This includes making loan payments and paying down any open lines of credit.
Keeping your credit card balances low. Paying more than your minimum monthly balance when you’re able can help.
Automate Your Savings for Your House Fund
You might also be wondering how you can achieve your down payment savings goals. Bankrate provides buyers with a number of tips to help you save, including searching for down payment assistance programs and ways you can save more, faster. As the article says:
“One of the best ways to save for anything — including a down payment —is to set it and forget it. If you receive a regular paycheck, ask your employer to direct a portion of that payment into a savings account. If you’re a freelance worker or independent contractor, set up a recurring transfer from a checking account to a savings account to establish the routine.”
Get Pre-Approved
As you prepare for your purchase, you’ll also need to have a good grasp on your budget and how much you’ll be able to borrow for your home loan. That’s where the pre-approval process comes in.
Pre-approval from a lender lets you know how much money you can borrow for your home loan. And having that knowledge, plus an understanding of your savings, can help you decide on your target price range for a house.
From there, you can start browsing for houses online and see what’s available in your area in that general price point. This can help you really understand your options so you can start to picture your future home.
For Customized Advice, Build a Team of Professionals
Finally, the best way to make you’re prepared for your purchase is to connect with trusted real estate professionals. Having expert advisors in the industry will help you make strong decisions throughout the homebuying process based on your specific goals, finances, and situation. They know the market and can guide you toward the home of your dreams.
Bottom Line
If you’re ready to get the homebuying process started, connect with CA Real Estate Group to begin building your team of professionals today.
This trivia game is a great mixer for holiday parties of all ages and generations!Play as teams or individually.Make sure you prepare fun prizes for the winners!(Do a Google search for the answers.)
Listing your property with a real estate professional will save you time, money and frustration. As you discuss the asking price, be aware of these common pitfalls.
Overpricing
By following recent home sales in your area, you can avoid unrealistic expectations stemming from runaway price growth over the past few years. Each day an overpriced house sits on the market is another day the sellers miss the opportunity to attract the right buyers. Price your property close to what you’d actually accept.
Underpricing
On the other hand, some sellers underprice their homes in hopes of starting a bidding war or making a quick sale. When your listing price is too low, you risk turning off prospective buyers who might suspect there’s something wrong with the house. You could also be leaving money on the table when would-be buyers present a lowball offer on your underpriced property.
Glossing Over the Comps
Your agent will find the best comparable sales of homes similar to yours in features, location and size. Their comparative market analysis can help you nail the asking price. You may not agree with everything in the comps, but try to be open to the information presented.
Overvaluing Upgrades and Improvements
As frustrating as it is, you’re not likely to get back 100% of what you paid for upgrades to your property. Check the comps to see what impact various improvements have made on the selling price of other homes.
Emotional Attachment
Getting too emotional when selling your house can complicate what is essentially a business transaction. Try to think of your property as a large asset you can put toward the purchase of your new home.
Checklist for Choosing a Mortgage Lender
A mortgage is a financial commitment that can affect your lifestyle for many years. Take your time selecting a mortgage banker or lender that best fits your needs and financial situation.
Whether you work with a traditional bank, credit union or specialized lender, follow these tips to find your best match.
Don’t assume you’ll be eligible for the advertised lending rates. Get a personalized quote from each lender.
Find someone you connect with. It helps if you agree on the best mode of communication, whether that’s email, texts or phone calls.
Make sure the lender offers the specific services you need, such as pre-approval. Ask about prepayment penalties or online-payment fees.
Check reviews for feedback about customer service and ease of making monthly payments.
Contact each lender and review your questions. Follow your instincts about whether this is a company you can trust.
Texture Enhances All the Senses
Texture is trending in home decor. Your artful attention to the often-overlooked sense of touch can make a huge difference in your home’s first impression. This is especially important whether you’re hosting a party or staging your home for an open house.
Let your imagination run wild when creating a cozy, inviting home. Multi-textured surroundings can dramatically warm a room, making you and your guests want to linger longer.
Pillows and accessories are great, but don’t stop there. You can add dimension and interest in many other ways.
Enhance walls with brick or stone veneer, textured wallpaper or decorative wood trim and molding. Look for affordable solutions such as removable stick-on wood panels or peel-and-stick wallpaper.
Add a woven rug to define your floor space. Shag carpet is an option for the truly daring.
Make your staging pop with cane or rattan furniture, tufted sofas or boucle-upholstered chairs. Balance colors and textures with neutrals and smooth fabrics. Pair a fuzzy throw with a leather loveseat. Draw subtle attention to unexpected spots with a vase, basket or small lamp.
Security Systems Offer Financial Savings
A home security system can provide peace of mind for you and your family and may help you save money. Consider these three benefits, according to industry analysts.
Increase Your Property Value
Buyers want a safe place to live and will likely pay more for a secure home. Reinforced exterior doors, strong locks and outdoor motion sensors also enhance the appeal of your property.
Decrease Your Insurance Costs
Some insurance companies offer a discount of up to 20% off your monthly premium if you have a professionally monitored security system.
Prevent Costly Burglaries
The average loss due to a home break-in is close to $3,000.
Why You Need an Agent With New Construction
New construction can be a challenging situation in home buying. While you get to select your favorite colors and finishes, the path from slick brochure to move-in day can be tricky. Here are some ways an experienced real estate agent can smooth that path, according to Realtor.com®.
Most agents are familiar with the construction process and can negotiate extras.
Agents have long-term, solid relationships with trusted lenders. Include (but don’t limit yourself to) their recommended lenders in your comparison shopping. The same goes for the builder’s preferred lender.
A real estate professional can oversee home inspections, following up on any remaining punch list items.
Pro Tip: Ask your agent to join you on your first site visit so the builder is aware you won’t be using their representative.
Here’s everything you need to know about what’s happening in the Real Estate Market.
Real Estate News in Brief
The NAR’s Pending Sales Index for October fell 4.6% in a month and 37% compared to October 2021. Pending sales in the West region were down 46%. [Source: NAR] Keep in mind that 30-yr mortgage rates were >7% for the entire month of October. They’re now around 6.3%.
The Case-Shiller Home Price Index for September fell 1% in a month. From their peak in June, national home prices have slid ~2.5%, while prices in SFO & SEA are now down more than 10%. [Source: CoreLogic]
Fed Chair Jerome Powell said that “the time for moderating the pace of rate increases may come as soon as the December meeting” during a speech at the Brookings Institution. In other words, no more +75 bps.
The day after Powell’s comments, the PCE inflation figure for October came in at an annualized rate of 6%, better (that is to say, lower) than expectations and a further deceleration from 6.3% in September and the peak of 7% in June. [Source: BEA]
Companies added only 127k jobs in November, vs. +239k in October. This was well below Street expectations. Job losses in manufacturing & biz services dragged the total lower. [Source: ADP]
The NAHB’s Chief Economist expects a mild recession from 4Q 2022–2Q 2023, but sees mortgage rates at or below 6% by end-2023/early 2024, either because the Fed has ‘beaten’ inflation, or because the recession turns out to be bigger than expected. [Source: NAHB]
Pending Sales for October
With 30-year mortgage rates above 7% for the entire month, we knew that October pending sales would be bad — and they were. The NAR’s Pending Home Sales Index (PHSI) dropped 4.6% in a month. That’s the 5th-straight monthly decline in the PHSI. Compared to October 2021, the PHSI was down 37% YoY.
The contraction was significantly worse in the West, with October pending sales dropping 11% MoM and down 46.2% YoY. That’s right, pending sales nearly halved in the West.
Pending sales are a forward indicator of existing home sales (leading by 1–2 months). So prepare yourself for some nasty November and December existing home sales figures.
But there’s a silver lining: mortgage rates are already 90–100bps (a full percentage point) lower. As NAR’s Chief Economist Lawrence Yun wrote, “October was a difficult month for buyers as they faced 20-year-high mortgage rates…[but] The upcoming months should see a return of buyers as mortgage rates appear to have already peaked and have been coming down since mid-November.”
In fact, there are signs that a recovery in activity (thanks to lower rates) is already happening. The MBA (Mortgage Bankers Association) tracks new purchase loan applications on a weekly basis. This is the fourth week in a row that applications have risen week-on-week.
Case-Shiller for September
For the third consecutive month, home prices declined on a month-over-month basis. The national index was down 1.0% MoM, but the 20-city index was down 1.5% MoM. Don’t be fooled by the small numbers; these are big decreases. If this happened every month, prices would be down 12–18% in a year.
As in August, prices declined in each of the 20 big cities. However, for the cities experiencing the sharpest price drops (San Francisco, Seattle, Las Vegas etc.), the magnitude of price declines actually slowed a bit in September.
Source: S&P CoreLogic Case-Shiller Index
NAHB Webinar
Here’s how the National Association of Homebuilders’ Chief Economist, Robert Dietz, sees things:
2020–2021: Unsustainable, above-trend growth in home sales
2022–2023: Compensating below-trend growth in home sales
2024+: A return to trend growth in home sales (with >1 million in new home sales annually)
He expects a mild recession for the next three quarters, unemployment rates rising to near 6% (from 3% today) in 2024 and national home prices falling ~10%. At the same time, his message was essentially optimistic — lower inflation, interest rates and home prices will bring buyers (and builders) back relatively quickly.
A few anecdotes I found interesting:
~50% of the webinar attendees (most of whom were builders) said that they were responding to slowing demand with either price cuts OR enhanced incentives
The construction industry needs ~750,000 new workers every year to keep pace with demand and replace retirees
Right now, two cities in Texas (Houston and Dallas) are adding more new homes than the entire state of California
Note: In any given year, existing home sales are 7–15 times higher than new home sales. This isn’t because builders are lazy. It’s because there are around 145 million existing housing units. Even if builders were able to construct 2 million homes a year (something they’ve never achieved before), that would only raise the total housing stock by 1.3%.
Mortgage Market
After months of extreme volatility, 30-yr mortgage rates had flatlined at 6.6% for several weeks. But with another good (well, improving) inflation figure, and Powell sounding a bit less hawkish, the bond market was in party mode yesterday, rising 70–80 basis points.
Higher mortgage bond prices = lower mortgage bond yields = lower mortgage rates. Yesterday, the 30-yr mortgage rates moved sharply lower to 6.3% — that’s a full percentage point lower than the peak of 7.37% on October 20!
They Said It
“When home prices decline, it’s pretty rare for there to not be a recession.” — NAHB Chief Economist Robert Dietz
“To anyone with a sense of history, the home boom must be a source of wonder. Housing usually leads the economy into a recession. Mortgage rates rise, then housing construction and home sales fall.” — Robert J. Samuelson in a 2002 Newsweek article
Inspiration
There are many different approaches to measure ‘affordability.’ But they all depend on three factors: 1) household income, 2) home prices, and 3) mortgage rates.
Right now, all three factors are moving in buyers’ favor:
Workers are getting paid more
Home prices are starting to slide
Mortgage rates have peaked
Plus, there are more homes available, and less competition than last year, and sellers are more willing to negotiate on things like repairs, covering some closing costs, paying for points etc.
The key is to stay in regular contact with CA Real Estate Group. Your agent will let you know about price cuts, point out stale listings, and will keep you informed about mortgage rates. Also, waiting for the ‘perfect’ moment could be counterproductive. When (if!) conditions look perfect, they’ll look perfect to everybody else too.
The famous Christmas carol tell us that this is “the most wonderful time of the year!” However, a lot can go wrong over the holidays.
This infographic from Iron Security advises us what to be aware of. There are safety hazards, such as frayed electrical cords, holiday theft, and fire hazards, such as when frying turkeys or burning holiday candles. Establish these practical safety measures (even throughout the year) and make this holiday season the most wonderful time of year!
More people are upgrading their current property rather than moving. If you’re one of them and looking for guidance on resale value, project priorities and reputable professionals to work with to get it done, look no further! CA Real Estate Group is at your service!!
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