Gray is the new black, 40 is the new 30, winning is the new losing, this is the new that, 'and so forth' is the new etcetera, and so forth.
Fall is the new spring. Fox Business recently covered this topic, and whether it's a desire to be in a new home by the holidays, or pending tax implications of the New Year, there are many driving dynamics that make fall a hot market. Spring will always be a popular time to put a home on the market, but fall is a selling season to be reckoned with.
Buying is the new renting. Renting may have had its glory day the past few years, when investing in real estate was unsteady at best. But with a housing recovery well underway, there are many, many reasons why buying is more affordable than renting today (especially in the suburbs west of Boston). Interest rates are low, rents are high, and supply is shrinking, to name a few.
Walkability is the new preferred parking. Today's younger buyers are looking for walkability (one-third are willing to pay for the ability to walk), outdoor space but less lawn, open floor-plans, and less formality. Walking to town to run some errands and get a bite to eat is much more desirable than getting in a car, fighting traffic and circling for that elusive parking spot.
Bamboo is the new Mahogany. Which is to say, green, local, and energy-efficient choices are at the top of buyers' lists these days. People want to feel good about doing something for the environment, but they also want to save money while doing so. Bamboo flooring is one example of this trend that is both cost-effective and green.
So that's our list - what do you think? Any 'this or that's' for real estate we have missed?