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.
April 24, 2014 10:12 am
This month the National Association of Hispanic Real Estate Professionals
(NAHREP) released their annual State of Hispanic Homeownership Report for 2013.
A 35 page report designed to highlight “the homeownership growth and household formation rates of Hispanics as well as their educational achievements, entrepreneurial endeavors, labor force profile, and purchasing power in the United States”.
This report is full of great information and you should download it
and read all 35 pages. In this blog post, I will mention a few facts that, in my opinion, are relevant to all of us:
- Since 2010, Hispanics have accounted for a net increase of 559,000 owner households, representing 56 percent of the total net growth of owner households in the U.S.
- The number of Hispanic households has grown from 9.2 million in 2000 to 14.7 million in 2013, an increase of 5.5 million, representing a growth rate of 60 percent.
- Four out of 10 new households between 2010 and 2020 are expected to be Hispanic.
- By the end of the decade, Hispanics alone will account for approximately five million net new households, out of an estimated 12 to 14 million net new households in the country.