The Home Front
THE TEAM YOU TRUST
Twenty-Ninth Edition
Reflecting on a record breaking 2024!
I celebrate 25 years in Real Estate as we turn the page to 2025 and at times it feels as though it’s passed in a blink of an eye
When I reflect on what an incredible gift it’s been to have work I’m passionate about, with a team I’m passionate about I’m immediately filled with gratitude for YOU, our clients, who provide us the opportunity to continue to serve you year and again.
Reconnecting with past clients to help them on another stage of life move, meeting young, energized first-time home buyers, and helping others divest their entire investment portfolio… we have had the blessing of touching it all.
Thank you for helping us achieve a record-breaking $50,000,000 in sales this year.
Thank you for allowing to serve 111 families this year.
Thank you for trusting us to guide you so that we can create results that averaged our sellers 115% of market asking price.
Thank you for introducing us to your friends and family and helping us grow our relationships.
Thank you for making us the #1 choice at Tru Agent Real Estate this year.
We continue to raise our bar to deliver exceptional service and results again as we move towards a bright 2025!
Cheers!
-Danielle Clement
Market trends in our area
116 South Main Street, Canandaigua | $1,795/month
Discover prime retail space now available in the vibrant heart of Canandaigua's Business District!
This expansive open floor plan offers incredible versatility for various commercial use!
Remarkable daily traffic count of 21,117 vehicles, along with ample free public parking!
With one of the lowest vacancy rates in the region just 3.8% this neighborhood demonstrates a thriving business environment!
3338 Fallbrook Park, Canandaigua | $1,950,000
This rare find is perfectly situated on Canandaigua Country Club, with incredible lake views right from your doorstep
Walk outside and enjoy a round of golf or soak in the incredible views!
Highly desirable Canandaigua neighborhood! Timeless and elegant features throughout!
Rarely available & highly desirable Fallbrook Park. Discover the pinnacle of lakeside living located on the shores of Canandaigua Lake, adjacent to the Canandaigua Country Club! Lake level unobstructed panorama stretching from every direction! Whether you ' re an avid golfer seeking a home on one of the area ' s premier golf courses or looking for a serene vacation retreat w/ stunning views, this is a must-see! Impressive from the moment you enter, this welcoming home is designed for entertaining & intimate living boasting 9 ft ceilings w/ natural light & lake views cascading through nearly every room. An oversized kitchen boasts an abundance of cabinetry, quartz counters & breakfast bar w/ adjoining dining space! The gathering room offers timeless custom built-ins & flows seamlessly into the year round sunroom ideal for enjoying morning coffee or evening cocktails! 1st Floor Primary w/ en-suite & convenient adj. laundry ensuring effortless “no-step” 1st Floor living. A 2nd floor loft, 2 large lake facing bedrooms, full bath & flex space for exercise, game room or future bedroom! Walk to Restaurants, CMAC, Lakeshore & experience all that the Finger Lakes have to offer!
Cunningham Drive, Victor 103% over asking SOLD $205,000 16 Florendin Drive, Henrietta 145% over asking SOLD $260,000
3 Barchan Dune Rise, Victor 108% over asking SOLD $431,000
A Valentine’s Day Ingredients:
-1 cup mashed fresh strawberries
-1 1/4 cups white sugar, divided
-1 cup water
-2 tablespoons cornstarch
-1 cup milk
-6 eggs
-1 (8 ounces) package of cream cheese, softened
-1 teaspoon vanilla extract
-8 slices bread, cut in half diagonally
-1 teaspoon unsalted butter
-8 fresh strawberries, sliced
-1 tablespoon confectioners' sugar for dusting
-1 cup whipped cream
https://www.allrecipes.com/recipe/220107/strawberry-cheesecake-french-toast/
Strawberry Cheesecake French Toast
Sweet Treat Preparation:
Step 1: Gather all ingredients. Preheat the oven to 350 degrees F (175 degrees C).
Step 2: Place sliced apples in a 9x13-inch baking dish. Mix white sugar, 1 tablespoon flour, and cinnamon together; sprinkle over apples. Pour water evenly over apples.
Step 3: Combine oats, 1 cup flour, brown sugar, baking powder, and baking soda in a large bowl. Add melted butter and mix with a fork until crumbly; sprinkle evenly over apple mixture.
Step 4: Bake in the preheated oven until top is golden brown and apples are bubbling around the edges, about 45 minutes.
2024 Look Back: The Year That Redefined Housing Market Trends
Written by: The Economy Team, Corelogic
How homebuyers adapted to the 2024 market gives insights into upcoming trends:
As we close the chapter on 2024, it’s clear this year was anything but predictable for the property market. From unexpected mortgage rate spikes to creative homeownership solutions emerging out of necessity, the housing landscape evolved in ways that even seasoned experts didn’t anticipate. What’s striking about 2024 is not just the record-breaking highs in home values, but the stark contrast between optimistic housing market predictions and harsh economic realities. Interest rates that were expected to decline instead hit new peaks, pushing affordability to the lowest level in decades
Meanwhile, a new wave of innovation saw buyers banding together to purchase homes
This wrap-up captures the defining moments of 2024’s property market and sets the stage for what’s next, offering a glimpse into the future of real estate as we head into 2025
1. Interest Rates Were a Roller Coaster
Interest rates dominated the conversation throughout 2024, impacting every aspect of the property market When the year started, housing market predictions indicated that 2024 would bring a gradual decline in mortgage rates. Instead, rates spiked during the spring home-buying season, to hit all-new highs and put homebuyers back on the sidelines The sudden spring in interest rates dampened buyer interest, slowed national home price appreciation, and created uncertainty in the market It also worsened affordability, which has been an ongoing struggle since the outset of the pandemic. Despite a temporary rate cut in September, mortgage rate volatility persisted, making it challenging for both buyers and sellers to plan with confidence.
CoreLogic Chief Economist Selma Hepp highlighted that the mortgage rate fluctuations were largely influenced by the bond market’s response to economic and political factors. Concerns about deficit spending and potential inflation kept rates elevated,
and the hoped-for decline never fully materialized. Mortgage rates came down and spurred a lot of optimism,” Hepp noted. “And we did see a lot of refinance activity. We also saw a little spike in pending sales indicating that buyers were back off the sidelines. But that lasted for a really short period of time.”
Elevated interest rates have become a new, long-lasting reality in the housing market, affecting affordability and deterring many prospective buyers As we look to 2025, the outlook remains uncertain, with rates expected to stabilize only after more clarity emerges after the transition to a new administration.
2. Affordability Challenges Reached New Heights
Buyers are struggling to keep pace with housing prices. The cost of owning a home now, when adjusted for inflation, is at its highest point in decades. This persistent increase in prices and interest rates has created a challenging environment for both first-time buyers and those looking to move up the property ladder. Hepp emphasizes that it’s not just the record-setting home prices and elevated mortgage rates that are making it difficult for people to afford homes. Those concerns, combined with rising property taxes and increased insurance costs have left many homeowners stretched thin.
4. Affordability Struggles Led to House Hacking
This year witnessed a surge in creative homeownership solutions, particularly among younger buyers. Gen Z and millennial cohorts are finding innovative ways to enter the market, often through co-living arrangements or equity-sharing programs House hacking buying properties with multiple units and renting out portions to offset mortgage payments or using equity-share programs is growing in popularity. However, Hepp explained that it’s not just buyers who need to get creative.
“I think it’s important for developers to also be as creative in terms of providing different options,” she said “Providing more options like duplexes and multi-unit construction in very expensive markets is a way of allowing people to enter homeownership.”
Will the Housing Market Recover in 2025?
It is safe to say that 2024 was a challenging year for a traditionally cyclical market, but the trends that came to life over past 12 months underscore the adaptability of buyers. As we move into 2025, the landscape will continue to shift, driven by economic, political, and demographic changes. While mortgage rate predictions are showing signs of decline, the outlook for the larger housing market remains to be seen.
Our #WSWIB connection of the month
As Boss Babes, Erica and Monica came to us with a mission to find their dream location to launch their incredible vision: Synergy Social Wellness. With tenacity, luck, and some star alignment, we landed them the perfect location in the time frame they requested! Book
Erica Paolicelli & Dr. Monica Lesslie, Founders
“We’re a lifestyle brand that brings people together to foster growth while socializing through bespoke health and wellness programming. Our facility houses the best and brightest holistic practitioners in the region. Our wellness market and cafe serve as a vibrant community hub offering gathering space and education.”
Erica Paolicelli & Dr. Halie Schoff created two clean, functional beverages that we ’ re incredibly proud of. You can find more details at www.drinksunna.com.
Sunna Wellness Elixirs is where their passions collide, combining business smarts, holistic health, and a whole lot of heart.
Sunshine Tea Elixir-
“We are over all those so-called “healthy” drinks loaded with hidden sweeteners, artificial flavors, and unnecessary fillers So, we created Sunna Wellness Elixir with one goal: complete transparency Chaga takes center stage here an absolute powerhouse functional mushroom known for its serious immune support But here's the thing: not all Chaga is created equal The magic only works with the right processing, so we teamed up with NY’s most trusted producer to make sure the Chaga in your bottle is as potent and anti-inflammatory as it gets We kept the rest of it pure and simple with organic lemon juice, local NYS honey, B vitamins and Utah trace minerals Clean ingredients bold benefits that's the Synergy way ”
Cosmic Cherry Elixir-
“Reishi and Tart Cherry take center stage in Alpha, our ultimate chill-out elixir The mission? Pure relaxation We crafted Cosmic Cherry with calming GABA, refreshing lemon and just a whisper of vanilla Every ingredient is sourced from clean, organic producers so you can unwind knowing exactly what’s in your bevy Rest assured, we didn't hide a single ingredient- transparency is our vibe ”
Here's what our client's have to say...
“Nancy helped us search for a new home for just about 2 years. She was patient with our pickiness and knew exactly what we wanted. She supported us through countless open houses and coordinated many showings. Finally, we found a new home in the area we wanted that need some love and updating and Nancy saw our vision and was able to close the deal seamlessly She then helped us sell our first home successfully. She staged it beautifully and we were able to sell it for an amazing price that surpassed our expectations! Thank you, Nancy!”
-A. Hogestyn
“My husband and I worked with Danielle to purchase our first home, and now, our forever home I cannot say enough about Danielle and everyone at her office. They are incredibly supportive, involved, and knowledgeable. They made the process of buying and selling a home seamless and went out of their way to help us every step of the way. I cannot recommend Danielle and her team enough!”
-R. Pierce
“Three down and still love DCH and Amanda Doremus!! Amanda just helped us close our third real estate transaction here and we couldn't be more pleased with everything from start to finish DCH and her team are responsive, knowledgeable, and kind. If you ' re looking for a realtor who is more than just a sales person, DCH and Amanda Doremus are your people They will work to get you into your dream home, and get a fair price for the home you ' re selling Great experience from start to finish.”
-K. McDonald
“This team was such a joy to work with They made us feel confident that we would found the house for us and fought to make sure when we found the one, that we got it! They are so well connected within the real estate world and had great recommendations on people to work with Everyone seemed thrilled to be working with DCH homes. Lisa FitzGerald in particular was so great to work with. She listened to what we were hoping to find and made impressive suggestions on ways the properties could be improved Cannot recommend enough!”
-C. Robinson
