Archive for the 'Housing Market' Category
Recent studies have found that saving for retirement has become a bit of a financial afterthought, as more Americans are actually saving for an upcoming vacation than they are for economic security in their golden years. In fact, a 2017 NerdWallet survey found that 56% of young women between the ages of 18 and 34 aren’t saving for retirement at all.
But having a lack of fiscal foresight isn’t limited to the young; a newly released Fannie Mae study has found there’s been an increase in set-to-retire Baby Boomers who have outstanding mortgage debts to worry about.
Online retail giant Amazon Inc. has received multiple offers of tax breaks as a part of the company’s national competition for Amazon’s second headquarters. According to Reuters, the HQ2 competition came to an end on Thursday, October 19, and will include up to 50,000 new jobs and a $5 billion investment for the winning city. Not only that, but housing prices in the chosen land are expected to rise considerably.
After Hurricane Irma, Florida residents who rent their homes are facing a variety of obstacles: paying rent for uninhabitable homes, difficulties getting refunds on rent deposits, and struggling to find new housing in a strained rental market.
The aging in place movement has prompted many seniors to look to the future and make changes so that they can remain in their homes and live full, uninterrupted lives. But even though the movement has allowed many seniors to have a better quality of life, it’s arguably had another unintentional effect: it may be having a negative impact on the U.S. housing market. And Millennials are taking the brunt of the blame.
Due to seasonal changes in demand, the housing market is difficult to pin down. And with today’s ever-changing political and economic climate, it’s even more exhausting trying to get a clear picture of what’s to come.
That being said, so far in 2017 one thing has been very clear: supply is low, demand is high.
According to Forbes, there are a few more facts we can ascertain based on past trends and new housing market research.
The combination of inflation and low mortgage rates usually leads to much higher compounded rates of home appreciation. For owners of property, high rates of inflation and appreciation are welcomed and appreciated. For buyers or tenants, however, the skyrocketing purchase and rental prices are not liked much at all.
Sweeping changes in the nation’s demographic makeup will have profound effects on the nation’s housing industry, according to “Big Shifts Ahead: Demographic Clarity for Businesses,” a new book by authors John Burns and Chris Porter.
They argue that broad demographic shifts will reshape housing in America in the next decade, creating new opportunities for businesses of all kinds. Rising numbers of female executives, affluent immigrants, growing numbers of younger and older workers and a ballooning retiree population will have a profound influence on residential real estate in the U.S. over the next 10 years, according to Burns and Porter.
Successful real estate investing relies on several factors, but as the old adage goes, “location, location, location” is top of the list. But “location” is a broad term, and evaluating the right place to invest your dollars in real estate means identifying the right market in both the macro and micro senses.
How will the real estate market be impacted by Donald Trump’s victory and Republicans controlling both chambers of Congress?
Though Mr. Trump is a real estate man, his policy platform has been largely vague on real estate proposals. Here are my thoughts on how certain real estate issues may play out under President Trump and of their potential impact to consumers.
There are many reasons to invest in Kansas City, MO – one of our client’s favorite markets.
Well known for its contributions to the musical styles of blues and jazz, the city is also well known for its Kansas City-style barbecue. And with over 200 fountains the city has been dubbed the “City of Fountains”, allegedly having the second most in the world, right behind Rome.
Trump has a 10-point lead on Clinton when Americans are asked about which candidate will spur higher home prices. Primary results also suggest candidates weren’t popular in places where housing prices had a strong recovery.
So of the two presumptive major-party nominees for U.S. presidency, whom do you think will be best for housing prices? The self-described successful real estate executive Donald Trump? Or the former U.S. Senator, first lady and U.S. Secretary of State, Hillary Clinton?
Look, I’m going to level with you. I think we’re screwed.
We all saw what happened last week because of “Brexit” (British Exit). The markets are in uncertain territory.
Add inflation and the potential for recession – this situation becomes even more complex.
People are tightening their belts.
You do not need a degree in economics to become market-literate, just an understanding of how local real estate economies work, fluency with the terminology and good sources for local data on sales, prices, values, and inventories. Add your professional expertise and your skilled observations of the latest trends in the charts and numbers and you have a winning formula.
When it comes to real estate clichés, “Location, location, location” has all other contenders (including “Not a drive-by!”; “Cash is king!”; “Is that your checkbook or are you just glad to see me?”; and “Worst house, best street”) beat by a mile.
Not only has it been in use since at least 1926 (according to the New York Times), but it’s utterly and in-arguably true.
Once you learn how to analyze where your market is and the direction it’s probably going, then you can plan your investment attack.
Certain strategies work well in a rising market, others work better in a flat or falling market. Many strategies work in any market, as long as you know your market and adjust your investing accordingly.
Here are some of your options: