Explore the August edition of the Summit County Market Insider, your go-to source for the latest trends in mountain and real estate lifestyle. From real estate market shifts to lifestyle developments, the Summit County Market Insider keeps you informed and ahead of the curve.
In this issue, we feature two timely articles offering valuable insights into the real estate and mountain lifestyle landscape.
First, a Mansion Global article, “The Home Renovation That Pays off and Doesn’t Add a Single Square Foot” highlights home renovation ideas.
Next, a piece from Homes.com titled “Analysis: Jobs report was weak, but labor market still supports housing demand” explores the job market and housing.
These stories highlight key trends in mountain real estate as well as consumer behavior, offering valuable insights for homeowners, investors, and mountain enthusiasts alike. Stay tuned for more expert insights from your trusted Market Insider in Summit County.
For decades, homeowners hoping to increase their property’s value followed a familiar playbook summed up by the maxim: “more is more.”
From supersize kitchens to sprawling guest wings, the assumption has long been that more square footage means more value. Yet architects and real estate agents increasingly say one of the smartest renovations doesn’t involve expansion but opening, specifically bringing more natural light into existing rooms.
Long before open-floor plans became de rigueur, famed mid-20th-century architect Frank Lloyd Wright understood that a home’s sense of scale could be shaped as much by light, proportion and carefully framed views as by its actual dimensions. As he famously observed: “Light is the beautifier of the building.”
There is no need to sugarcoat the headline: July’s employment report looked disappointing.
The nation shed 23,000 jobs, and previously reported gains for May and June were revised lower. Those numbers suggest that employers have become much more cautious about adding workers than they were a year ago.
But employment reports contain more than one measure of labor market health. The payroll survey tells us what employers report about hiring, while the household survey tells us about workers’ experiences. This month, those two surveys are telling somewhat different stories.
While employers report that employment declined, the unemployment rate fell to 4.1%, continuing a gradual improvement over the past year. Broader measures of labor underutilization also remained low, suggesting that workers are not experiencing a meaningful increase in labor market distress.
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PO Drawer 2820
Avon, CO 81620
970-627-4981
Should you require assistance in navigating our website or searching for real estate, please contact our offices at 970-627-4981.
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