May 1, 2014 11:36 am
Someone said to me recently, “Sixty-five is the new forty-five.” We chuckled, but the more I thought about it, the more I found myself in full agreement.
With more and more people working beyond traditional retirement age and the advances in modern medicine, the lines between middle and late adulthood are becoming a bit blurred.
What makes this relevant in the world of real estate?
As our population ages, we will see more and more organizations dedicating their marketing efforts toward the “senior” demographic. You have read previous KCM blogs about the various designations agents can earn for this specific purpose, and undoubtedly you have already seen real estate professionals in your market professing to “specialize”.
Reality check — not all seniors are the same.
Just as with using any label, we run the risk of putting people into a category when they may or may not actually belong there. This is especially true of the senior segment.
April 30, 2014 11:24 am
In a recent interview
on CNBC’s ‘Squawk Box’, Robert Shiller, Nobel Prize-winning economist and founder of the Case Shiller Price Index, discussed today’s housing market in a rather personal way.
Shiller first commented that he believes
"There is a certain, substantial amount of momentum in the housing market—much more so than the stock market."
He then went on to make the point more personal when he revealed:
"My son just bought a house. I told him, 'Fine’."
Why was Shiller so comfortable about his son’s purchase?
April 29, 2014 11:12 am
In a recent blog post
explained that “housing is stronger today than at any point since the Great Recession began and hit bottom in 2009
”. They then gave three reasons which support their position:
- Home sales are up 13% since their low point.
- Housing starts are up 50% since they bottomed out.
- House Prices are up 16% since their trough.
Projections Going Forward
also believes that the market will continue to improve through 2014. They projected:
April 28, 2014 11:00 am
The Gallup organization just released their April Economy and Personal Finances Poll
which asked Americans believe to choose the best option for long term investment. It was no surprise to us that real estate returned to the top position over other investment categories (gold, stocks/mutual funds, savings accounts/CDs and bonds).
Back in 2011, gold was the most popular long-term investment among Americans. However, with the housing market improving across the U.S. and home prices rising, more Americans now consider real estate the best option for long-term investments.