Like
other aspects of the economy, the real estate market has been slow to recover
to “normal” levels. But we believe there are some positives that come with the
lull in housing sales. In some pockets of the country, prices have escalated
substantially due to low inventory, high demand and relatively low interest
rates.
According
to the National Association of Realtors, existing home sales in the Midwest and
Northeast bolstered the market in March. Buyers are also expected to be out in
force in most regions of the country during this spring sales season.
The
mid-priced market is much stronger than properties that are very low or very
high priced. This is because fewer mid-level homes are on the market, and lenders
have stringent qualifications, leaving many low-end potential homeowners on the
sidelines.
[CLICK HERE to read the article, “Existing-Home
Sales Spring Ahead in March” from National Association of Realtors, April 20, 2016.]
[CLICK HERE to read the article, “Home
sellers see strongest appreciation since the recession” from MarketWatch, April
21, 2016.]
If
you’re in the market for buying or selling, consider talking with a qualified
professional about how these changes may impact your financial strategy.
Remember that profits may be able to be repositioned to strengthen your
retirement savings, and that overextending for a real estate purchase could
potentially impact your financial plans for the future.
It’s
always good to review your retirement strategy within the context of your
complete financial picture — particularly before you make any big decisions.
Let us know if we can help you with your long-term financial goals.
[CLICK HERE to read the article, “Use the
20% Rule to Guide Real Estate Decisions” from NerdWallet.com, April 21, 2016.]
[CLICK HERE to read the article, “7 Home
Buying and Selling Tips from the Property Brothers” from HGTV, 2016.]
It’s
interesting that, despite the drop in home prices over the last decade,
Americans still like their real estate. In a recent poll, 35 percent named real
estate the “best long-term investment,” over stocks (22 percent) and gold (17
percent). Remember, investing
involves risk, including the potential loss of principal, and no investment
strategy can guarantee a profit or protect against loss in periods of declining
values.
Millennials,
on the other hand, favored savings accounts over real estate as their top choice.
It just goes to show you that young adults have taken their first life lessons
to heart, and that long-term experience can provide a wider perspective.
[CLICK HERE to read the article, “Gallup:
35 Percent of Americans Pick Real Estate as ‘Best Long-Term Investment’” from NewsMax.com,
April 20, 2016.]
[CLICK HERE to read the article, “Investors
should look beyond REITs to gain real estate exposure: Jeffrey Kolitch” from Investment
News, April 19, 2016.]
We
are an independent firm helping individuals create retirement strategies using
a variety of insurance and investment products to custom suit their needs and
objectives.
This material has been prepared for our firm and contains general information to help you understand basic financial planning strategies that may help you work towards your financial goals. Please understand that I cannot make any promises or guarantees that you will accomplish such goals. All investments are subject to risk including the complete loss of principal.
This material has been prepared for our firm and contains general information to help you understand basic financial planning strategies that may help you work towards your financial goals. Please understand that I cannot make any promises or guarantees that you will accomplish such goals. All investments are subject to risk including the complete loss of principal.
Throughout, we may generally discuss different
financial vehicles; however, nothing contained herein should be construed as a
recommendation to buy or sell any financial vehicle, nor should it be used to
make decisions about your investments.
The
information contained in this material has been obtained from third party sources
believed to be reliable, but accuracy and completeness cannot be guaranteed; it
is not intended to be used as the sole basis for financial decisions.
If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference.
If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference.
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