Posts with tag 'homeownership'
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Americans Rank Real Estate Best Investment for 6 Years Running!
Americans Rank Real Estate Best Investment for 6 Years Running!
Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years, according to a May 2019 Gallup survey report!
As you can see...
Stock owners are more positive about real estate than stocks as an investment.
Of the 4 listed, real estate is the only investment you can also live in!
13
Home Ownership Is Still an Important Part of the American Dream
Studies have shown, the vast majority of Americans believe that homeownership is an important part of their American Dream. The benefits of homeownership are both financial and non-financial reasons (emotional/social).
As an added bonus, for Americans approaching retirement age, one of the greatest benefits to homeownership is the added net worth they have been able to achieve simply by paying their mortgage!
The Joint Center for Housing Studies at Harvard University focused on homeowners and renters over the age of 65. Their study revealed that the difference in net worth between homeowners and renters at this age group was actually 47.5 times greater, with nearly half their net worth coming from home equity!
21
Comparison of Housing Market Between 2008 and 2018 Simplified
Some are attempting to compare the current housing market to the market leading up to the "boom and bust" that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis.
However, there is a major difference between the two markets. Last decade, while demand was being artificially created by extremely loose lending standards, a tremendous amount of inventory was coming to the market to satisfy that demand. Below is a graph of the inventory of homes available for sale leading up to the 2008 crash.
A normal market should have approximately 6 months supply of housing inventory. As we can see, that number jumped to over 11 months supply leading up to the housing crisis. When questionable mortgage practices ceased, and demand d...
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Are You Aware of How Much Equity You Have in Your Home?
You May Be Surprised!
CoreLogic's latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation.
"U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity increase by a total of $908.4 billion since the fourth quarter 2016, an increase of 12.2%, year over year."
Price Appreciation = Good News for Homeowners
Frank Nothaft, CoreLogic's Chief Economist, explains:
5
Build It and They Will Come!
Photo by Steve Zamek
Invite a Family of Bluebirds to Share Your Yard
A peaceful farm in the country, just minutes east of Charlottesville, is home to our horses and an ever growing population of deer, squirrels, foxes, groundhogs, beaver, rabbits and just about every bird native to Central Virginia. Even Canada geese who fly to and from neighboring ponds call it home, as well as titmice, house wrens, chickadees, and nuthatches, woodcocks, woodpeckers and especially our good friends, Eastern Bluebirds.
This seasonally warm first weekend in March beckoned bluebird scouts back for a brief visit in quest of making sure last year's nest boxes had been cleaned and readied for their return migration from North Carolina later this month.
But you don't have to live on a f...