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Home buying • Selling Your Home • September 2, 2025

RE MARKET PULSE

by Katrina Schneider

RE Market Pulse – August 25, 2025

Last week, existing home sales posted a modest rebound, while Fannie Mae slightly revised its 2025 outlook but maintained steady expectations. Federal Reserve Chair Jerome Powell signaled increasing concern over signs of labor market softening, and new housing starts edged higher, driven by strength in the multifamily sector. Here are the key developments that caught my attention. 

EXISTING HOME SALES SURPRISE WITH POSITIVE GROWTH IN JULY. According to the National Association of REALTORS®, existing-home sales in July increased 2.0% month-over-month and 0.8% year-over-year. Inventory levels remained steady, and price appreciation has moderated. However, broader context is essential: the existing-home market has remained largely stagnant since its contraction in 2022. Notably, the only meaningful increases (outside of seasonal increases) have occurred when mortgage rates temporarily fell below 6.5%. When rates rose again, demand softened. As a result, 2024 began with a low baseline for sales, and we anticipated that year-over-year comparisons would eventually turn positive. Full story from HOUSINGWIRE →

  • Why this matters: For homeowners contemplating a sale, this presents a strategically opportune moment to prepare. Buyer interest is resurging, with many prospective purchasers poised to re-enter the market as conditions improve. It’s also important to recognize the increasingly hyperlocal nature of today’s real estate environment. Unlike three years ago, when market dynamics were relatively consistent across regions, current conditions vary significantly by geography. As a result, localized insights and tailored strategies are more critical than ever — an area where your expertise can deliver meaningful value to clients.

FANNIE MAE: AUGUST 2025 ECONOMIC AND HOUSING OUTLOOK. The Fannie Mae Economic and Strategic Research Group forecasts total home sales to reach 4.74 million units in 2025, a slight adjustment from last month’s projection of 4.85 million units. Existing-home sales are expected to total 4.09 million units, up modestly from 4.06 million units in 2024. Mortgage rates are projected to end 2025 at 6.5%, declining to 6.1% by year-end 2026. Meanwhile, purchase and refinance originations are projected to reach $1.85 trillion and $2.26 trillion, respectively, reflecting a cautiously optimistic outlook for housing market activity. Full story from FANNIEMAE →

  • Why this matters: This represents a “steady, not splashy” market baseline. Encourage buyers to develop actionable plans that aren’t reliant on dramatic shifts in interest rates. Scenario planning is key — illustrate affordability at current rates and at modestly lower levels, while incorporating strategies such as buydowns and lender credits to mitigate potential rate increases.  For your long-term business planning, anticipate a stable-volume environment and focus on refining core competencies in pricing, negotiation, and financing to stay competitive and deliver value.

POWELL APPEARS TO SIGNAL RATE CUTS TO EVOLVING CIRCUMSTANCES. Federal Reserve Chair Jerome Powell noted last week that “the balance of risks appears to be shifting” in the market: inflation remains elevated while downside risks to the labor market are increasing. Given the Fed’s dual mandate of maintaining price stability and full employment, markets are interpreting these comments as a signal that a rate cut could be on the table as early as September, contingent on forthcoming economic data. 

Powell also reiterated that housing-related inflation continues to trend downward. The recent softening in housing market indicators, including deceleration in home prices, is likely to exert downward pressure on inflation metrics. This is a potentially dovish signal for future monetary policy, especially considering housing has been a primary driver of inflation over the past two years. Full story from EYEONHOUSING →

  • Why this matters: You don’t need to predict the Federal Reserve’s next move; you need to interpret it for your clients. When buyer clients ask “what does this mean for me?” keep the guidance clear and actionable: advise rate-sensitive buyers to be prepared with rate-lock strategies. For sellers, emphasize that market uncertainty can drive urgency. In this environment, strategic timing and pricing remain critical to maximizing visibility and outcomes. 

SINGLE-FAMILY STARTS EDGE HIGHER BUT AFFORDABILITY CHALLENGES PERSIST. In July, housing starts rose 5.2% to a seasonally-adjusted annual rate of 1.43 million units, according to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This growth was largely driven by a 9.9% increase in multifamily starts. Single-family starts posted a 2.8% gain for the month but remain down 4.2% year-to-date. The single-family construction pipeline continues to narrow: with 621,000 units currently under construction, down 1.0% month-over-month and 3.7% year-over-year, marking the lowest level since early 2021. Builders are navigating persistent affordability challenges and supply-side constraints, including labor shortages, elevated material costs, and regulatory inefficiencies, which continue to weigh on production capacity. Full story from EYEONHOUSING →

  • Why this matters: New supply relief remains uneven across markets. In some areas, increased multi-family development is helping to ease rental pressure and reduce competition for entry-level buyers. In others, limited single-family starts continue to constrain resale inventory. To navigate this dynamic landscape, take a localized approach. For active buyers, create side-by-side comparisons that evaluate new-build timelines, rate buydown incentives, and monthly cost versus comparable resale options. When the numbers align with their financial goals, act decisively.

THE BOTTOM LINE: Markets reward preparation, not perfection. Your value lies in helping clients navigate complexity with clarity. Focus on simplifying decision-making by emphasizing the fundamentals that drive outcomes: strategic pricing, compelling presentation, and proactive communication. In a fluid environment, calm and informed leadership is a distinct competitive advantage.

 

Home buying • July 1, 2025

Ready to Buy? See How Much Home You Can Afford in 7 Steps

by Katrina Schneider

June 23, 2025

To find out how much home you can afford, determine your budget, check your DTI, explore your loan options and work with a trusted real estate agent. Hey, I know someone you can talk to!  Me- Katrina!

Buying a home is exciting, emotional and yes – a little intimidating, especially when you start thinking about finances. If you’re concerned about how much house you can actually afford, you’re not alone. The good news is that by taking the right steps now, you can start your search with confidence and clarity – and an eye on the future.

Step 1: Know Your Budget

As you get ready to start swiping through listings, you should first figure out what fits comfortably in your monthly spending plan. A common rule of thumb? Keep your total housing costs — mortgage, property taxes, insurance and HOA fees — under 28% of your gross monthly income. For example, if you make $7,000 a month before taxes, you’ll want to keep your monthly housing expenses to $1,960 or less.

Step 2: Check Your Debt-to-Income Ratio (DTI)

Your DTI is very important to lenders, telling them how much debt you’re currently juggling and how the purchase of a home will increase your expenses. A lower DTI not only makes you a more attractive buyer – it can also unlock better loan terms and lower interest rates. Ideally, your total monthly obligations (car payments, student loans, credit cards, etc.) should stay below 36% of your income.

Step 3: Plan Your Down Payment

The more you put down, the less you have to borrow, which means lower monthly payments and possibly not having to get private mortgage insurance (PMI). A 20% down payment is great if you can manage it, but many buyers go with 3-10%, especially with FHA or first-time buyer programs. And don’t forget closing costs – usually around 2-5% of the purchase price.

Step 4: Explore Your Loan Options

All mortgages are not created equal. From 30-year fixed to adjustable-rate loans, the type you choose plays a big role in how much property you can take on (and how much you’ll pay over time). Before you talk with your lender, do some research, come prepared and ask plenty of questions. You’ll want to learn if you’re eligible for any governmental programs, if your monthly requirement could change and/or what will happen if you ever have unexpected financial difficulties.

Step 5: Think Beyond the Numbers

The bank might say you can afford that dream home – but whether or not you should actually purchase it is another question. Be honest about what matters most to you in terms of lifestyle. Do you want to travel, save more or splurge on concert tickets? Then you should leave room in your budget for these activities. Also remember that once you move in, you’ll most likely want to buy furniture and other household items as well as upgrade with new paint or cabinetry. The cost of personalizing your new residence can quickly add up.

Step 6: Use a Mortgage Calculator

Before you start seriously house shopping, try experimenting with an online mortgage calculator. It will show you how changes in interest rates, home prices and loan terms impact your monthly payment. Zillow and realtor.com® offer easy-to-use tools that take a lot of the guesswork out of the budgeting process, allowing you to see results in a matter of seconds.  Be aware there is a lot of click bait on their sites and they may direct you towards their listings primarily and not the full array of what is out there.  But still, it’s a great tool for mortgage calculations.

Step 7: Talk to the Pros

Every day, real estate professionals and mortgage lenders navigate their clients through their buying journey – so lean on their expertise. A good agent will tailor the search to your recommended price range and refer you to a lender who will explain your options and help you make the best decisions for your unique circumstances. You should also chat with friends and family who have recently bought a home and can give you some valuable firsthand advice.

Determining how much home you can afford isn’t just about cold hard numbers. It’s about finding a place where you can live well and sleep easy. With a clear plan, a trusted team and a little prep, you’ll be well on your way to finding a property you love without breaking the bank.

 

Carma Stahnke and Katrina Schneider

 

Home Decor & Design • July 1, 2025

Window Treatments That Elevate Your Décor With Style and Functionality

by Katrina Schneider

 

The latest trends in window treatments feature smart technology, eco-friendly materials, bold colors and patterns, and understated blinds, shades and drapes.

If you’re thinking about taking your home décor to the next level, modernizing your window treatments may be the perfect place to start. Today’s trends offer something for everyone, ranging from smart features and green materials to minimalist designs and vibrant patterns – so throw open the sash and let style and functionality shine through!

Technology Meets Efficiency
In the age of smart homes, it’s no surprise that windows are getting a high-tech upgrade. Motorized shades and blinds that can be controlled via phone apps, voice assistants or pre-programmed schedules are now becoming standard. These cutting-edge products can also automatically adjust throughout the day, helping to regulate the temperature in your residence and reducing the need for air conditioning or heating.

Eco-Friendly Materials
As sustainability becomes more important to homeowners, designers and manufacturers are increasingly using materials that are recyclable and energy-saving. Bamboo and wood blinds are a prime example, resulting in a natural, earthy look. Organic cotton, hemp and recycled polyester are additional environmentally conscious alternatives. Insulated cellular shades or thermal curtains can cut down on heat loss in the winter and block out the sun in the summer, leading to lower utility bills and a reduced carbon footprint.

Layering for Depth and Style
The combination of sheer curtains or blinds with heavier drapes allows homeowners to play with texture, color and light control in a way that suits their needs. You can keep the room bright and airy during the day with sheer panels and then close it off at night with bulkier fabrics. Layering also adds visual interest and dimension to a space. Mixing different types of materials – like linen, velvet and silk – can create a dynamic look, while offering versatility in terms of light filtration.

Bold Colors and Patterns
From rich jewel tones to graphic prints, your window treatments can make a big impact, instantly transforming a room and injecting personality into the space. Floral, geometric and abstract motifs are particularly popular, evoking a sense of fun and energy. Whether you choose to go big with a striking pattern or use a pop of color in a more subtle way, you can add a modern, fresh touch that is original and eye-catching.

Sleek and Streamlined
Those who prefer a clean, uncluttered aesthetic are choosing sleek, simple blinds that blend seamlessly with the décor. Roller shades and sheer curtains with minimalist hardware are all the rage for those striving for subtle elegance. These streamlined options allow the architectural elements of a home to take center stage while providing necessary privacy and light control. This simplicity extends to colors as well, with many opting for monochromatic, neutral hues that effortlessly complement most any interior design.

A Soft, Dreamy Look
For those who love natural light but want a bit of privacy, translucent and sheer fabrics are a great choice. Curtains made from lightweight linen or voile let soft, diffused light filter through, creating a warm, welcoming atmosphere. These options are ideal for achieving a subtle, ethereal vibe and work especially well in living rooms, sunrooms or bedrooms where natural light is abundant. Pair them with heavier drapes for added functionality or let them stand alone for a delicate, refined feel.

The latest trends are all about balancing technology with convenience, style with usability and sustainability with beauty. Whether you’re drawn to smart blinds that integrate with your home automation system, eco-friendly materials that align with your values or bold patterns that make a statement, there’s a window treatment for every taste and need.

Carma Stahnke

 

Selling Your Home • Spring Selling Market • December 16, 2024

7 Steps for Preparing Your Home for the Spring Selling Season

by Katrina Schneider

7 Steps for Preparing Your Home for the Spring Selling SeasonNovember 26, 2024
If you’re planning to take advantage of prime selling season, these seven steps will ensure your property stands out from the competition – remember that a little effort now can go a long way.

1. Boost Curb Appeal
The exterior of your home is the first thing potential buyers will see, so it should be inviting and well maintained. Trim the lawn, plant fresh flowers and tidy up garden beds. You may also want to power wash the driveway, walkways, siding and outdoor furniture. If your front door and shutters are looking a little worn, a new coat of paint can make all the difference.

2. Declutter and Deep Clean
Buyers want to see a clean, organized home that feels welcoming and taken care of. To make rooms appear more spacious, remove excess furniture, personal items and knickknacks. Clean the baseboards, windows and carpets and don’t forget the often-overlooked ceiling fans and vents. Closets and cabinets should be neat and tidy, as buyers will be paying attention to every detail.

3. Create an Inviting Atmosphere
Natural light is one of the biggest draws for buyers, so open up the curtains and blinds and let the sun shine in! Replace heavy, dark drapes with neutral-colored window treatments. If your walls are painted in bold, dark colors, consider refreshing with lighter, more neutral shades. Soft whites, grays and beiges appeal to a wider range of buyers.

4. Make Necessary Repairs
Because a dripping faucet or a running toilet can be a red flag to buyers, make sure the plumbing is in perfect working order. To give the interior a polished appearance, patch any chips or cracks in the walls and ceilings and touch up the paint throughout. Check for missing shingles, leaks or clogged gutters and have your HVAC system inspected.

5. Stage Your Home for Success
Staging helps buyers envision themselves living in the home while emphasizing its positive attributes. Furniture should be arranged to highlight the flow and size of each room. A few strategically placed throw pillows, rugs and artwork can also enhance the home’s appeal. Any unique features, like a fireplace, large kitchen island or built-in bookcase, should be clearly visible and uncluttered.

6. Price Your Home Right
Pricing your home correctly is crucial, so you want to work closely with a local real estate agent to determine the right asking price based on comparable properties in your area. Keep in mind that pricing too high can turn buyers away, while pricing too low may leave money on the table.

7. Market Your Home Effectively
Once your home is ready for listing, the assistance of a real estate professional becomes even more important. Your agent can arrange for quality photography and video that will grab buyers’ attention on social media and in targeted print mailings. An experienced agent will also be able to leverage their local connections to reach the largest possible pool of qualified buyers.

Preparing your home for the spring selling season requires some work, but the payoff can be significant. By taking these seven steps and partnering with a trusted real estate agent, you’ll be well on your way to a successful sale at top dollar!

Home buying • Moving • October 9, 2024

Eight Steps for Buying Your First Home

by Katrina Schneider

Welcome to one of life’s most thrilling adventures: buying your first home! This journey is not merely about walls and a roof; it’s about creating a sanctuary for new memories, a haven for comfort, and a solid foundation for your future. These eight steps will guide you towards a successful home-buying experience, bringing you closer to a place you can truly call your own.

1. Dive Deep into Research
Before you even set foot in a home, immerse yourself in the world of real estate. Start by studying current market trends and understanding the value of homes in your desired neighborhoods. Analyze local supply and demand, track interest rate trends, and get a sense of the economic health of your target area. This foundation will empower you to make well-informed decisions throughout your journey.

2. Establish Your Budget
Setting a clear budget is the cornerstone of a successful home-buying experience. Not only does it provide clarity and reduce stress, but it also allows you to narrow your search to homes you can realistically afford. A mortgage preapproval is your golden ticket here—it shows sellers you’re serious and gives you a firm idea of your purchasing power, allowing you to move forward with confidence.

3. Define Your Wishlist
Now’s the time to dream! Picture your ideal home and then break down your desires into must-haves and nice-to-haves. How many bedrooms are essential? Do you need an office space? Is a large backyard a priority, or would a cozy patio suffice? This wishlist will guide your search and prevent you from getting sidetracked by features that don’t align with your vision or budget.

4. Focus on Location, Location, Location
Where you live is just as important as the home itself. Think beyond the map and consider the lifestyle each location offers. Look at local amenities, schools, commute times, and the potential resale value of homes in your preferred neighborhoods. Narrowing your focus to a few areas will streamline your search and ensure you find a community that truly feels like home.

5. Partner with a Real Estate Professional
A knowledgeable real estate agent is your best ally in navigating the complex home-buying process. They bring local market expertise, access to new listings, and insights into federal and state programs for first-time buyers. With their guidance, you’ll have a competitive edge and peace of mind as you make one of the most significant investments of your life.

6. Explore Homes in Person
Armed with your wishlist and pre-approval, it’s time to start visiting potential homes. Attend open houses, ask your agent for private showings, and don’t be afraid to ask questions. When you find a property you love, your agent will help you craft a compelling offer that balances attractiveness to the seller with protection for your interests.

7. Schedule a Home Inspection
Once your offer is accepted, schedule a professional inspection to assess the home’s condition. This step ensures there are no hidden surprises and gives you leverage to negotiate repairs or adjust your offer. Your agent can help coordinate the inspection and guide you through any findings, ensuring you’re fully informed before making a final decision.

8. Seal the Deal
The final steps involve navigating paperwork, legal considerations, and financing details. Your agent will be there to guide you through closing, ensuring you understand each document you sign. After exchanging that pre-approval for a mortgage and paying your down payment, you’ll receive the keys to your new home. Congratulations—you’re officially a homeowner!

Buying your first home is more than a transaction; it’s a step towards building a life filled with memories, comfort, and growth. Embrace each moment of this journey, and take pride in creating a space that reflects your dreams and aspirations. Welcome home!

For more in depth buying education, access a digital copy of my book for free! https://katrinaschneider.book.live/buyer-book

Or contact me directly: 623.680.7887; Katrina.Schneider@cbrealty.com

Home buying • June 19, 2024

A Buyer’s Agent Can Help You Find Your Dream Home

by Katrina Schneider

Finding your dream home in today’s market needs to go beyond casual searches, checking out a few open houses and hoping for the best. You need a buyer’s agent – a real estate professional focused on your wants and requirements. They can bring a wealth of experience and resources that can be game-changing during your house hunt. Here’s a closer look at some of the benefits they offer.

Early Access to Listings

One key benefit of having a buyer’s agent is immediate access to new listings as soon as they’re available. Being among the first to see a property in a competitive market can be crucial. Buyer’s agents leverage their industry intel and skills to ensure you’re always ahead with rapid alerts on newly listed homes.

Neighborhood Insights

Whether you’re brand new in town or a local, a buyer’s agent is your go-to source for the inside scoop on everything from schools to the finer details like HOA costs and zoning considerations. If you’re not from the area, they can give you a crash course on the ideal spots to suit your lifestyle, whether that’s the most family-friendly neighborhoods, the towns with hip eateries and shops nearby, or areas with the easiest commute options. They also often have access to deeper insights that might not be common knowledge, like upcoming issues that could affect your property’s value.

Streamlining Pre-Qualification

Want to show sellers you really mean business? Get pre-qualified for a mortgage. Buyer’s agents have connections with trusted lenders to streamline this process. This action does two big things – it shows sellers you’re serious and gives you a clear picture of what you can afford. That way, you’re looking at homes within your budget from the start.

Pricing Assistance 

Keeping up with real estate trends, like when prices drop or a house is about to go off the market (that’s what pending status means), is crucial for your home buying strategy. Your agent will keep an eye on all these things, making sure you’re always in the loop. This info is super important because it helps you decide whether to make an offer now or wait it out for a better deal. It’s all about making smart moves at the right time.

Appealing Offers

In a tight buying environment, how you present your offer matters. Buyer’s agents know how to craft offers that grab attention, combining the right terms and conditions to catch the seller’s eye while still looking out for your best interests. They’re pros at locating that sweet spot where the offer meets the seller’s needs but ensures your interests are protected, too.

Comprehensive Services

The journey doesn’t end with finding the perfect home. Your agent can also connect you with all the essential services needed, from home inspections to insurance to moving companies. Each step of the way, they can make sure you have reliable professionals to handle every aspect of your home purchase, easing the transition into your new space.

A savvy buyer’s agent brings all this and more to your real estate experience, transforming the process into a guided journey toward your dream home. With their assistance, even the trickiest markets can offer promising opportunities for buyers ready to make a move.

 

MICHELLE ABENDSCHAN.MAY 30, 2024

Lifestyle • Travel • June 8, 2024

Coldwell Banker Around the World: June 2024

by Katrina Schneider

The Azores: A Blossoming Paradise

There is an archipelago in the middle of the Atlantic Ocean knows as The Azores, and it’s a paradise that belongs to Portugal. Imagine waking up to emerald-green lakes, exploring geothermal hot springs, and savoring fresh seafood—all while contributing to a thriving community. The region is “experiencing full growth. In recent years, we’ve witnessed an increase in investment from increasingly demanding and informed customers,” shares José Wallis de Carvalho, broker, and head of Coldwell Banker Houselife. He continues, “due to the unique nature of our region, it shows great potential to continue growing.”  What sets the Azores apart? It’s the unique blend of unspoiled landscapes, volcanic wonders, and a vibrant local culture that fuels this growth. As the first archipelago in the world to be certified as a sustainable tourist destination, the Azores beckon travelers not only to visit but also to put down roots.

“The Azores are in fashion: to visit, to live, but also to invest,” Frederico Abecassis, CEO of Coldwell Banker Portugal, shares. He continues, “They are, moreover, the first archipelago in the world certified as a sustainable tourist destination, and continue to attract attention, due to their natural beauty, but also due to their strategic location. The real estate market is booming and has the potential to grow even further.” The real estate market is buzzing, and opportunities abound. Imagine owning a charming cottage overlooking the ocean or a modern villa nestled amidst lush greenery. But it’s not just about property—it’s about embracing a lifestyle. Whether you’re drawn to the vibrant arts scene, the rich culinary heritage, or the thrill of outdoor adventures, the Azores promise an authentic and fulfilling way of life. Read on to learn more about life in the Azores from our friends at Coldwell Banker Houselife.

Where do you live? I live in Azores Archipelago, one of the 2 archipelagos located in the Atlantic Ocean that belongs to Portugal.  To be more precise, I am living in S. Miguel Island in the capital of the Azores, Ponta Delgada City.

What is the perfect weekend day like? In the Azores there is a variety of options that we can enjoy, such as water sports, including surfing, sailing, windsurfing, nature walks, walks by the sea, natural spas that promote relaxation and well-being, the different beaches we can choose and wonderful cuisine. But for me, a perfect day in summer is meeting friends and family and doing something together, like going to the beach, or even having a picnic by Lagoa das Sete Cidades and taking a walk in nature. In winter, I like to take a bath in the natural hot springs and have lunch outside or dinner with friends.

What are the common modes of transportation there? In S. Miguel Island, people mostly travel by car and motorbike, but there are also those who prefer to walk. It is similar to the other islands of the Azores. In terms of traveling between the islands, we mainly do it by plane. There was a time when we moved between islands by boat as well. There was a boat in the summer that made the inter-island route, but at this time, this only happens in the islands of the central group of the archipelago.

Tell us about the foods your area is known for. Azorean cuisine is very popular for its fresh fish and seafood, particularly grilled limpets, Azorean-style octopus, and meat, including “alcatra,” a pot roast-style beef rump slow-cooked in a clay pot and paired with red wine, very traditional in Terceira Island, and regional beef steak.

We also have the famous Furnas stew, a delicacy that can be found on the island of São Miguel. This is a meat and vegetable stew that has the particularity of being cooked in holes in the ground in the Furnas fumarole area, and five to six hours later, it is perfectly cooked due to the heat of the volcano. Other popular products in the Azores are blood sausage with Azorean pineapple, “bolos Lêvedos,” slightly sweet Portuguese-style English muffins, malassadas (Portuguese doughnuts), and cheeses, especially the São Jorge Island cheese.

What is your favourite meal, at home or at a restaurant? I appreciate Azorean cuisine in general, however, if I were to dine at a restaurant and order regional food it would be a fish stew, octopus stew in the Azorean style, or regional steak. At home on a daily basis, I would opt for lighter dishes such as soups, including chicken soup with rice. For a fish dish, “bacalhau com natas” is a cod fish with potatoes and cream that I enjoy, or a simple steak.

Where do you recommend someone vacation in your region and why? I recommend Vale das Furnas on the island of São Miguel, because it is a place where you can do a little bit of everything, be in nature, go hiking, picnics next to Lagoa das Furnas, visit the calderas, walk in Lagoa das Furnas, take a bath in the natural thermal waters of Parque Terra Nostra and visit the botanical garden or go to Poça da Dona Beija, where there are more natural thermal pools. There are also several restaurant options and Ribeira Quente beach.

What is your favourite recreational or leisure time activity? What I like most about São Miguel is being in contact with nature, going to the beach and natural spas. Anything that promotes well-being and relaxation is my first option. But the Azores have a range of activities that we can do, such as: nautical activities – namely surfing, sailing, windsurfing, diving, whale and dolphin watching. Hiking through mountains, lakes, waterfalls, forests, and lagoons. Spas, natural hot springs where the water is rich in iron and has therapeutic properties. The Azores also have golf, a casino in S. Miguel Island, ancestral culture, events, museums, music festivals, exhibitions, and of course regional gastronomy.

Is there a specialty your area is known for? World famous cheese, wine, and pristine nature with mild climate. Young entrepreneurs have been very successful in starting up new business in the areas of cosmetics and food supplements based on algae farming, small new production of excellent quality mineral water, ghee/purified butter and a banana drink produced from banana leftovers/residue.

Angra do Heroismo marina in Azores

Share a little known but interesting fact about the area/region: Some interesting facts about the Azores:

  • The Azores are an archipelago made up of 9 islands and each one has a different accent, the island of São Miguel and Terceira are the islands where the accent stands out most from the rest.
  • The name of the archipelago comes from a Goshawk bird.
  • The mountain on Pico Island is the highest in Portugal.
  • AÇORES CERTIFIED BY NATURE® – A brand belonging to the region and its heritage, as a stamp.

If you were to live in any other region where we have a Coldwell Banker presence, where would it be and why? Both Bermuda and continental Portugal, due to the historical, cultural and market synergies between both regions and the Azores.

Territory Summary:

The Azores are an archipelago in Portugal, made up of nine islands, located in the Atlantic Ocean. Politically and administratively, they constitute the Autonomous Region of the Azores, one of the two Portuguese autonomous regions, with three capitals located in the cities of Ponta Delgada (main and administrative), Horta (legislative) and Angra do Heroísmo (ecclesiastical). With almost six centuries of continuous human presence, the Azores gained an important place in the History of Portugal and in the history of the Atlantic: they were a stopover for the Discoveries expeditions and for ships of the so-called Carreira da India, of the silver fleets, and from Brazil; contributed to the conquest and maintenance of Portuguese squares in North Africa; during the succession crisis of 1580 and the Liberal Wars (1828–1834) they became bulwarks of resistance; during the two World Wars, in vital strategic support for the Allied forces, remaining, to this day, a center of communications and support for military and commercial aviation. The Azores are an archipelago that, although located precisely on the Middle Ridge Atlantic, due to its proximity to the European continent and its political integration in the Portuguese Republic and the European Union, is generally included in Europe. The archipelago is in the northeast of the Atlantic Ocean between 36º and 43º North latitude and 25º and 31º West longitude. The nearest territories are the Iberian Peninsula, approximately 1,400 km to the east, Madeira, 930 km to the southeast, Saint Pierre and Miquelon to the northwest, 2,200 km, Nova Scotia, 2,400 km to the northwest and Bermuda 3 100 km southwest. It is part of the Macaronesia biogeographic region. The Azores were formed by volcanic activity during the late Tertiary. The first island to appear above the mean sea water line was Santa Maria, around 8.1 million years ago (Ma), during the Miocene. They were followed, in chronological order, by São Miguel (4.1 Ma), Terceira (3.52 Ma), Graciosa (2.5 Ma), Flores (2.16 Ma), Faial (0.7 Ma), Corvo (0.7 Ma), São Jorge (0.55 Ma) and, the youngest, Pico.

 

Key Facts:

  • Population: 235,000+
  • Language(s) Spoken: Portuguese, English
  • Climate: The meteorological conditions in the Azores are influenced by the position, orientation, development and intensity of the Azores Anticyclone, which controls the atmospheric circulation in this region of the globe. The climate of the archipelago is characterized by high levels of air humidity, thermal amenity, low rates of insulation, regular and abundant rainfalls and by strong winds. The four seasons of the year, which are typical of temperate climates, are distinctive, so the winters are rainy and the summers are mild and sunnier than the rest of the year. The average temperatures are approximately 13ºC in winter and 24ºC in summer. Snow only occurs in the higher areas, frequently on Pico Mountain. In some places of the diverse islands there are microclimates, generally tropical to subtropical.
  • Currency: Euro

Industry Facts:

Types of Architecture: The Manueline style dominated the archipelago until the 16th century. Specific to Portugal, it developed in the 15th century under the reign of King Manuel I (1469-1521), as the country became the world’s greatest maritime power thanks to its great explorers. The basalt and wood buildings, with their sober design, have an abstract, geometric character. This beautiful architectural gesture gives the minimalist buildings a sculptural appearance. A subtle blend is created between vernacular architecture (the walls are made of basalt) and contemporary forms.

Price per square meter: The values recorded in April 2024 for the price per square meter were as follows:

  • Autonomous Region of the Azores – 1,485 €/m2
  • São Miguel, the price is €1,672/m2
  • Ponta Delgada the average price per meter is €1,820/m2.

Average Sales Price: The average sale price of properties in the autonomous region of the Azores (9 islands)  was approximately 178,000 Euros

Average years in house/apt: 10 – 15 years in urban area, 25+ years in rural areas/countryside

by KAIT MCMURDO  June 7

Home buying • Lifestyle • June 8, 2024

The Rise of Luxury Living: Current Trends in Condo Amenities

by Katrina Schneider

Condominiums have long been a great housing option, especially in urban areas, and today’s upscale amenities are only increasing buyer demand. With luxury features and a plethora of services, the modern condo has become much more than just a living space – it is a curated experience offering the perfect blend of convenience, community and entertainment.

Full-Service Living

Condos are evolving into all-in-one complexes that cater to multiple lifestyle needs. This means concierge services that go beyond the basics – think personal shopping, luxury salons, at-home dining delivered from on-site restaurants and even event planning. In a fast-paced world, the gift of time is invaluable, making these convenient sought-after amenities ideal for busy residents.

 Health and Wellness Centers

Today’s condo residents don’t just desire gyms – they’re looking for wellness sanctuaries. Standard fitness facilities are expanding into comprehensive wellness centers that feature state-of-the-art equipment, yoga studios and on-demand virtual classes. Saunas, steam rooms and massage therapy suites are also becoming commonplace, offering tranquility without the travel.

Outdoor Oasis

The craving for outdoor space has cascaded onto condo amenity trends, manifesting in expansive terraces, communal gardens, outdoor kitchens and swimming pools for laps and lounging alike. These luxuriously appointed extensions of indoor living are designed for entertainment, relaxation and reconnection with nature.

High-Tech Hubs

As remote employment becomes more and more prevalent, condos have adapted to include dedicated work areas complete with high-speed internet, private pods and conference rooms equipped with the latest technologies. Forget the daily commute – the new workspace is an elevator ride away, the ultimate in productivity and proximity.

Pet-Friendly Perks

Recognizing furry friends as family members, condos are incorporating pet-friendly amenities that pamper both pets and their owners. On-site pet spas, dog walking services and even private parks or rooftop dog runs ensure that four-legged residents live as lavishly as their human counterparts.

Bespoke Entertainment

Entertainment amenities are on the upswing, with condos offering private movie theaters, game rooms and sports simulators. Residents can enjoy a blockbuster or a round of virtual golf without even leaving the building. Some developments are also positioning themselves as cultural hubs, with on-site art galleries and music rooms that nurture creativity.

As preferences evolve, so do condo amenities, reflecting a collective pursuit of holistic living that’s equal parts leisure and productivity. These trends also reveal a move toward thoughtful craftsmanship, where convenience meets luxury and the everyday becomes the extraordinary.

CARMA STAHNKE- May 31, 2024

Moving • May 19, 2024

Smart Moving Tips for Homeowners With Pets

by Katrina Schneider

MAY 6, 2024

You may be ready to start an exciting adventure in a new home, but what about your pets? Some furry family members may find moving to an unfamiliar place stressful, but there are ways to ease them into it with a little advance planning. Pet-Friendly Properties Living harmoniously with pets is a top priority for […]

You may be ready to start an exciting adventure in a new home, but what about your pets? Some furry family members may find moving to an unfamiliar place stressful, but there are ways to ease them into it with a little advance planning.

Pet-Friendly Properties

Living harmoniously with pets is a top priority for homeowners. The APPA National Pet Owners Survey by the American Pet Products Association estimates that 70% of all U.S. households – roughly 90.5 million – owns one or more pets. That’s a remarkable figure that impacts many aspects of the economy, including residential real estate. People love their pets and today’s home buyers are seeking properties that reflect it. For some house hunters, finding a pet-friendly home is as simple as getting a place with a fenced-in yard, hard-surface flooring or space for a litter box. Others, however, are looking for more deluxe amenities for Fido and Fluffy.

The Pampered Pet

Some pet-centric home designs cater to the four-legged family members. Today’s popular custom details include under-cabinet food stations, pet washing facilities, and built-in crates, beds or pet suites. Also sought after are high-tech smart-home features like electronic pet doors and remote-access security cameras that let homeowners keep an eye on their pets when they’re away.

Park, Park, Park!

Location matters to pet owners. A pet-friendly community is a must, and proximity to an off-leash dog park or long nature trail away from busy streets is a bonus. And while parents of young children often make school districts a priority, some pet parents also seek homes close to their veterinarian, boarding facility and doggy daycare.

This Way Home

Show your pets the lay of the land at the new house. Determine where your pets’ toys, bed and water bowl will go, then take them on a home tour to familiarize them with their designated areas. Be sure to examine the home for safety hazards, then let them poke around and discover new scents and favorite spots. Cats may feel more comfortable adjusting to one room at a time, so start them off in a smaller space and let them take their time exploring.

Adjustment periods in a new home are easy when you keep these tips in mind and stick to your pets’ regular feeding and walking routines. They should barely notice the move and continue living their usual happy lives in the comfort of your new home.

by: JENNIFER MCGUIRE

Moving • May 19, 2024

What determines the cost of a local move?

by Katrina Schneider

MAY 7, 2024

As one would expect, local, cross-country or intrastate moves are classified differently and have different moving cost implications. Learn what constitutes a “local move” and what impacts the costs associated with moving local

Moving across town? Moving across a state? Which move is considered a “local move?”  This is a common topic of confusion. For most states, local moves are considered moves within the same state. However, there are some states, such as California, where only moves that are less than 100 miles are considered local moves.

I predict your next question is – why do I need to know? It’s because knowing whether your move is classified as a local, long distance or intrastate determines how expensive your move could be.

Once you have determined if your move is local, here are key factors that will determine the cost of your local move:

 

 

Factors that affect the price of local moves:

The cost for local moves is mostly based on the number of movers needed, the time it takes to move your belongings and the drive time between your old and new residence. Some other factors that affect price include:

  • What is the size of your home?
  • How much stuff do you have?
  • How many boxes and other packing materials do you need?
  • Have you already packed your belongings yourself?
  • Can our truck park close to your home?
  • Any hard to move items? Grand piano? Stairmaster? Giant penguin statue?
  • How much packing and/or unpacking would you like your movers to do for you?

Best money saving tip

The best way to truly save on the cost of your local move is to choose a moving company based on their reputation. Make sure they have provided stellar service to their clients for years.

by Chief of Organized Living & NorthStar Moving Company Co-Founder Laura McHolm

 

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