Now that much of the dust has settled and the panic has waned, let’s take a look at what impact Britain’s exit from the European Union may have on the U.S. housing market. The most immediate impact of Brexit will be on mortgage interest rates. Interest rates have remained at historic lows for the last […]
Continue readingSome Highlights: Paying rent is not a good investment, but owning is a great way to start building family wealth. Not only does homeownership allow you to provide your children with great education, but you can also decide whether or not your child grows up with a pet. Owning a home provides you with tax benefits […]
Continue readingYesterday, we ran a post quoting major housing experts on the increasing strength of the U.S. housing market. We were pleasantly surprised that, on the same day, the Wall Street Journaldecided to run a front page story titled, “Housing Recovery Picks Up Steam” (article available to WSJ subscribers). The first paragraph of the article says […]
Continue readingSome Highlights: Both New Home Sales and Existing Home Sales are up month-over-month and year-over-year. Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory. The median price of new homes is up 12% from March 2016, while the median price of existing homes is up 6.3% from April […]
Continue readingIn their current edition of the Home Price Expectation Survey released last week, Pulsenomicsasked this question of the 100+ economists, real estate experts and investment & market strategists they surveyed: “In your opinion, what is the primary driver of recent home value growth in the U.S.?” Here are the top four reasons given by those […]
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