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Low Inventory Continues Driving Prices Up
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 and ...
Continue ReadingHomeowners’ Net Worth Will Be 45x Greater Than A Renter’s by 2017
The 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 ReadingExisting Home Sales Continue to Surge, Despite the Holiday Season
Quick 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 in the ...
Continue ReadingCan Student Loans = Higher Credit Scores??
According 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 back ...
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