Monthly Events In Rock Hill: March 2019
This month is jam-packed with tons of fun events!
Stop by Slow Play Brewery on Saturday, March 1st at 7PM to here our friend Ephraim S. Sommers playing.
Ephraim Scott Sommers at Slowplay Brewing - Slow Play Brewing Sat. 3/1 at 7PM
One of our favorite meetins for entrepreneurs happens every month. Join the 1 Million Cups of York County meeting happening on Wednesday.
1 Million Cups: March Meeting, Wed. 3/6 at 8PM
Shop Small Saturday in Old Town, Sat. 3/9 OFFERS:
• Knowledge Perk: Any latte (hot or iced, size or add ins) $4.
• Overhead Station: 20% off w/receipt from other participating Shop Small Saturday store.
• Synergy Yoga & Wellness & Rock Hill Brewing Company: Bend & Brew, 11 am-12pm, at Rock Hill Brewing taught by Synergy Yoga "buy one mat space and get one half off". Price is $8/$4 in advance and $10/$5 at the door. Yoga class and a drink coupon included. Bring your own yoga mat. Call or book through Synergy to secure your spot 803-366-9642, www.synergyyogawellness.com
• Black Crow Pottery: Buy a Black Crow Pottery bud vase by Katherine Petke from Downtown Artistry and take the bud vase over to The Mercantile by Copper Dwelling & Design for a free anemone or cremone flower to go in your vase!
• The Mercantile by Copper Dwelling & Design: Bring your receipt from another participating business and receive $2 off any purchase.
• Amélie's French Bakery & Café: For breakfast: 1/2 price cup of brewed coffee with the purchase of a breakfast sandwich. For lunch/dinner: Free cup of soup OR a free brownie with the purchase of an Al a Carte (full sandwich) sandwich.
• Friends of the York County Library: Buy one, get one regularly priced James Patterson book.
• RoCo - Roasting Company Rock Hill: Bring in a Bike Town receipt for free chips and queso.
• Legal Remedy Brewing: Free brewery tour Saturday at 2pm.
• Joes Video Games: ALL of arcade games will be FREE for everyone to play.
• Bike Town: Free Bike Town water bottle with every purchase of in stock merchandise. Free Bike Town t-shirt with every purchase of $50 or more of in stock merchandise and (an additional) 10% off all in stock Electra beach bikes.
• Nailed It DIY Studio Rock Hill: Bring your receipt from another participating business and receive $5 off any DIY project.
• Jimmy John's will be partnering with Main Street Bottle Shop and offering a 10% discount with the purchase of a classic sub (#1-6 & BLT) and pint of beer. Customer must purchase both items to receive discount, and provide proof of first transaction from either vendor on the same day.
St. Patrick's Day On Main, Sat. 3/16 at 4PM
Do You Know How Much Your Home Has Increased in Value?
Last year we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed:
“Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.”
The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of CoreLogic’s Home Equity Report.
Since 2011 home values have increased significantly throughout the country, with prices rising by 5.1% in 2018 alone. When surveyed, homeowners revealed the top four reasons why they felt their homes had increased in value.
Improved National Economy
Improved Local Economy
Low Home Inventory in My Area
As we can see, not only does the data show that the homes have appreciated, but homeowners also believe they know why. Many have taken advantage of the opportunity to use their newly found equity to sell their current house and move up to their dream home!
2019 will be a good year for the homeowners that still want to take advantage of their home equity! CoreLogic forecasts that home prices will increase by 4.8% by the end of the year.
If you are a homeowner who would like to find out your current home value, let’s get together to discuss the hidden opportunities in your home!
The True Cost of NOT Owning Your Home
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.
Zillow recently reported that:
“In reality, buying or renting a home is an intensely personal decision, with emotional and even financial considerations that go beyond whether to invest in this one (admittedly large) asset. Looking strictly at housing market numbers, there is a concrete point at which buying a home makes more financial sense than renting it.”
Here are 4 Reasons Why Owning Is A Better Financial Decision Than Renting
1. We recently highlighted the top 5 financial benefits of homeownership:
Homeownership is a form of forced savings.
Homeownership provides tax savings.
Homeownership allows you to lock in your monthly housing cost.
Buying a home is cheaper than renting.
No other investment lets you live inside of it.
2. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.
3. Just a few months ago, we explained that a family that purchased an average-priced home at the beginning of 2017 could build more than $48,000 in family wealth over the next five years.
4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment– along with a profit margin!!
Owning a home has always been, and will always be, better from a financial standpoint than renting.
Valentine's Day Events - Rock Hill
If you’re looking for the perfect Valentine’s Day/date activity, Rock Hill has got a lot of great options!
Join us on Monday, February 11th at 6:30pm for a four course beer dinner. Hear from the farmers, chefs and brewers as they walk you through this incredible locally sourced dinner paired with LRB beers!
This is a private event, (brewpub is closed on Mondays), so you'll get the chance to ask questions, visit with the brewing team and local farmers, and encourage the chefs to share their culinary secrets.
Tickets are $75 per person and can be purchased online (ticket link below) or in person at the brewpub.
Please note: due to the nature of this special event, we will not be able to offer dietary accommodations and menu be revealed upon arrival. 21+only.
Valentine's Day Carriage Rides offered in Rock Hill!! Enjoy a beautiful horse-drawn carriage ride down the gorgeous streets of Old Town Rock Hill. These evening excursions are perfect for any lovebird!
Thursday February 14th 5 to 10 pm
Friday February 15th 5 to 10 pm
Saturday February 16th 3 to 9 pm
$80 for private 40 minute carriage rides. Bring your beverages and chocolate and enjoy on your own private ride (up to 4 riders).
Under 3 years old can sit on laps for free. Over 4 years old must sit in a seat and have a ticket.
Pick up will be at:
The Getty’s Center
201 E. Main Street
Rock Hill, SC
Drop off will be at:
300 E. Main Street
Rock Hill, SC
York County Animal Shelter is partnering with Dust Off Brewing Co. to present Meet Your Match on February 13th 6-8 PM.
Come to Dust Off and meet sweet fur babies who are also looking for true love. Spend time with each pet and talk to their escort about their likes and dislikes. Who knows? You might just find your true love in a furry package.
Join us this Valentines day for an delectable journey through each of the Warehouses on White street! Events start at 4pm, 5:15pm, and 6:30pm.
Spots are limited. Tickets are just $50 per couple. Register through the links below, or in-store.
--- 4PM REGISTRATION
--- 5:15PM REGISTRATION
--- 6:30PM REGISTRATION
We'll start with a professional tasting of 100% Jamaica Blue Mountain coffee - one of the most expensive, sought-after coffees in the world - hosted by Knowledge Perk. You'll even leave with an eight-ounce bag of Disrupt, KP's very own certified Jamaica Blue Mountain Blend.
Then, head to the The Mercantile by Copper Dwelling & Design to shop and explore, and pick up your complimentary fresh, custom-made bouquet.
Finally, top off the experience with two Red Velvet craft beers from Dust Off Brewing Co.
Come join us for a fantastic evening!
Wednesday nights have never been better! Join us for a social group bike ride around Fort Mill every Wednesday evening at 7pm.
-We will be doing a 10 mile loop at a social pace.
-This ride has hills but can be dominated with a single speed cruiser.
-Meet up behind the brewery at 6:45pm and roll out at 7pm.
-All paces welcome, no rider will be left behind!
-Helmets and lights are required.
-There will be beer and house wine specials for bikers post ride.
We'll see everyone there!
Copper Dwelling + Design's 2018 Year in Review
2018 has come to a close, and we’re so excited to see the changes 2019 will bring. There has been so much growth and development here at Copper Dwelling + Design in the past year alone. We wanted to take a moment to reflect on it all.
Without our family and friends, we certainly couldn’t have done it all. Thank you to everyone who has been apart of our 2018!
Check out our 2018 year in review below:
Copper Dwelling + Design: Interior Design
This year our Brittany and the interior design team finished 24 projects!
Copper Dwelling + Design: Real Estate
Michael sold 27 properties in the Rock Hill/Charlotte area.
Brittany & Michael opened The Mercantile in downtown Rock Hill, SC!
We’re so proud of what we’ve accomplished this past year, and we couldn’t have done it without your help! Cheers to an amazing 2019!!
Home price growth will continue to slow, with a forecasted increase of 2.2 percent
Inventory increases will remain moderate with less than a 7 percent increase
High-priced markets will buck the trend, with double-digit inventory gains
Millennials will account for 45 percent of mortgages in 2019 vs. 17 percent for Boomers
New tax plan will be good for renters, mixed for homeowners
Realtor.com® Forecast for Key Housing Indicators
“Housing IndicatorRealtor.com 2019 Forecast
Mortgage Rates Average 5.3% throughout the year, reaching 5.5% (30 year fixed) by year end
Existing Home Median Price Appreciation Up 2.2%
Existing Home SalesDown 2%
Single-Family Home Housing StartsUp 8%
Homeownership Rate 64.6%
Inventory will continue to increase next year, but unless there is a major shift in the economic trajectory, we don’t expect a buyer’s market on the horizon within the next five years. Unfortunately for buyers, it’s only going to get more costly to buy in 2019, especially the most-demanded entry level real estate. To be successful, buyers should think through how they’ll adapt to higher rates and prices.
What will 2019 be like for buyers?
Buying a home will be an even more expensive undertaking in 2019 as mortgage rates and home prices increase. Buyers who are able to stay in the market will find less competition as more buyers are priced out, but feel an increased sense of urgency to close before it gets even more expensive. Their largest struggle next year will be reconciling wants, needs and budget versus the heavy competition of 2018.
Although the number of homes for sale is increasing, which is an improvement for buyers, the majority of new inventory is focused in the mid-to higher-end price tier, not entry-level. Rising mortgage rates and prices will keep a lot of new inventory out of their budget and make it especially tough for first time home buyers.
What will 2019 be like for sellers?
Although it remains a seller’s market, sellers will need to be mindful of their increasing competition and shouldn’t necessarily expect to name their price and get it in full — a change from the past few years. Above-median priced sellers, may find it will take longer to sell and require offering incentives, such as price cuts or other offerings.
With less demand in the market, there will be fewer bidding wars and multiple offers. However, with inventory expected to remain limited in most markets, sellers who price competitively can still walk away with a handsome amount of profit, but not the price jumps observed in previous years.
Four Housing Trends in 2019
1) Modest inventory gains continue; high-end inventory growth spreads
Inventory hit the lowest level in recorded history last winter, but finally bottomed out and reached positive territory in October. National inventory increases will remain low in 2019 at less than 7 percent. In the majority of markets, the number of homes being put on the market or newly constructed has increased slightly, while the pace of sales has slowed slightly, which has helped stop the inventory decline. But the inventory increases or slowing price increases necessary for a more widespread sales gain are not forecasted to happen in 2019. While the situation is not getting worse for buyers, it’s also not improving notably in the majority of markets.
High-priced markets are a different story. The majority of the inventory gains have been in upscale homes in high-growth markets, which suggests higher prices are incentivizing sellers. Next year, realtor.com® forecasts more high-end inventory growth in major metros with the largest increases expected in: San Jose-Sunnyvale-Santa Clara, Calif.; Seattle-Tacoma- Bellevue, Wash.; Worcester, Mass.-Conn.; Boston-Cambridge-Newton, Mass.-N.H.; and Nashville-Davidson– Murfreesboro–Franklin, Tenn. all of which could see double digit gains in inventory in 2019.
2) Soft home sales continue
After the best sales year in a decade in 2017, home sales are on track for a mild year-over-year decline in 2018, which is likely to extend into 2019 with a 2.0 percent decline. Although long-term desire to own a home remains strong, especially among younger Gen-z and millennials, the market challenges that make owning a home difficult continue to keep out first-time buyers, locking them out not only of their home, but also of the wealth by equity generation that owning provides.
3) Millennials purchase the most homes
Millennials will continue to make up the largest segment of buyers next year, accounting for 45 percent of mortgages, compared to 17 percent of Boomers, and 37 percent of Gen Xers. While first-time buyers will struggle next year, older millennial move-up buyers will have more options in the mid-to upper-tier price point and will make up the majority of millennials who close in 2019.
Looking forward, 2020 is expected to be the peak millennial home buying year with the largest cohort of millennials turning 30 years old. Millennials are also likely to make up the largest share of home buyers for the next decade as their housing needs adjust over time.
4) Tax plan remains a wild card for housing
In April 2019, taxpayers will go through the income tax process for the first time since the new tax plan. For most renters, the results will be good: lower rates and a higher standard deduction should amount to lower tax bills. For homeowners, it’s a mixed bag. Some will benefit from lower rates and a higher standard deduction, but many others will find limited itemized deductions and personal exemptions mean a higher tax bill.
Despite the fact that 2017 home sales were the highest they’ve been in over a decade, sales in 2018 started to decline immediately following the tax plan. While many factors influence home sales, it could be the case that without homeownership incentives some renters are holding off on buying. How the market will react in 2019 remains a wildcard for housing.”