The latest Existing Home Sales Report from the National Association of Realtors (NAR) demonstrates a definite correlation between a lack of inventory and rising prices. In a nutshell, it is simple supply and demand economics. In other words, as the demand for an item increases, its supply continues to diminish ...
Continue ReadingThe FED{Federal Reserve} conducts a Survey of Consumer Finances every 3 years. The data from this survey is collected across all economic and social groups. The latest survey, which compiled data from the years 2010-2013, reports that the net worth of a homeowner is 36 times greater than that of ...
Continue ReadingQuick Synopsis: November’s National Existing Home Sales report indicates that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).” A big surge in the Northeast and a smaller gain ...
Continue ReadingAccording to a recent study performed by data mogul CoreLogic, Millennial renters (aged 20-34) that possess student loan debt, incidentally also have higher credit scores than those without student loans. This may come as somewhat of a shock, with all the banter about student loans burdening Millennials and holding them ...
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