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51
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    [agents_bottom_line] => 

Immigration and Its Impact on the Housing Market | Keeping Current Matters

Hoy estamos alegres de tener a Jeymy González, La VP de KCM en español, como nuestra bloguera invitada. Jeymy ha experimentado personalmente los desafíos que los hispanos pueden enfrentar durante el proceso de bienes raíces y trabaja para ayudar esta comunidad con orientación y educación. ¡Disfruten! – El equipo de KCM

Hay muchos temas candentes ahora y definitivamente inmigración es uno de ellos. Sea que estén de acuerdo o en desacuerdo con lo que está pasando en este momento, la historia de inmigración comenzando alrededor de 1600 nos muestra que los Estados Unidos ha sido siempre un país que recibe a los inmigrantes. Varias organizaciones han realizado investigaciones sobre el impacto que pueden tener los inmigrantes en la demanda de la vivienda, veamos algunos de esos resultados:

La investigación hecha por The National Association of Home Builders (NAHB por sus siglas en ingles) en 2012 dice:

“Asumiendo que la inmigración neta de 1.2 millones (el extremo bajo de la proyección del Censo para 2010) persista por 10 años, este modelo estima que después de 10 años los nuevos inmigrantes van a:

  • Representaran a cerca de 3.4 millones de hogares en U.S.A
  • Ocuparan más de 2 millones de unidades multifamiliares y más de 1.2 millones de casas unifamiliares
  • Representaran más de 900 mil propietarios de casa”

The Research Institute for Housing America también proyecto “que de 2010 a 2020 los inmigrantes van a contar por más de un tercio del crecimiento de los propietarios de casa y más de una cuarta parte del crecimiento de los hogares que alquilan.”

La necesidad de continuar con la investigación

En la edición de este mes de Housing Insights por Fannie Mae, Ellos mencionan como fuente The American Community Survey al afirmar que, hubo 18.8 millones de inmigrantes inquilinos en el país en 2012. Fannie Mae continúa diciendo que estos números representan "una gran reserva en la demanda de futuros propietarios de casas potenciales.” Ellos concluyeron con esto:

“el estudio continuo de cómo estos y futuros inmigrantes avanzan en hacerse propietarios de casa a medida que ellos residen por largo tiempo en los Estados Unidos, puede proporcionar información valiosa a las perspectivas futuras para el mercado de la vivienda en este país.”

Una mirada más local al impacto

Para quienes buscan datos locales, un estudio realizado por AS/COA en alianza con a New American Economy, ofrece un mapa interactivo que demuestra “el cambio neto de la población inmigrante en el país desde 2000 a 2010 y el efecto correspondiente en el valor de las propiedades.”

En conclusión

Si nos fijamos en las conclusiones de múltiples fuentes, podemos ver que ellos están de acuerdo que los inmigrantes revitalizaran vecindarios menos deseables y apoyaran el mercado de la vivienda.

Cada grupo está buscando mayores oportunidades económicas al igual que los inmigrantes en décadas pasadas que vinieron a los Estados Unidos. La pregunta es: ¿Estamos preparados para ayudarles a ellos con sus necesidades en bienes raíces?

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Immigration and Its Impact on the Housing Market | Keeping Current Matters

Hoy estamos alegres de tener a Jeymy González, La VP de KCM en español, como nuestra bloguera invitada. Jeymy ha experimentado personalmente los desafíos que los hispanos pueden enfrentar durante el proceso de bienes raíces y trabaja para ayudar esta comunidad con orientación y educación. ¡Disfruten! – El equipo de KCM

Hay muchos temas candentes ahora y definitivamente inmigración es uno de ellos. Sea que estén de acuerdo o en desacuerdo con lo que está pasando en este momento, la historia de inmigración comenzando alrededor de 1600 nos muestra que los Estados Unidos ha sido siempre un país que recibe a los inmigrantes. Varias organizaciones han realizado investigaciones sobre el impacto que pueden tener los inmigrantes en la demanda de la vivienda, veamos algunos de esos resultados:

La investigación hecha por The National Association of Home Builders (NAHB por sus siglas en ingles) en 2012 dice:

“Asumiendo que la inmigración neta de 1.2 millones (el extremo bajo de la proyección del Censo para 2010) persista por 10 años, este modelo estima que después de 10 años los nuevos inmigrantes van a:

  • Representaran a cerca de 3.4 millones de hogares en U.S.A
  • Ocuparan más de 2 millones de unidades multifamiliares y más de 1.2 millones de casas unifamiliares
  • Representaran más de 900 mil propietarios de casa”

The Research Institute for Housing America también proyecto “que de 2010 a 2020 los inmigrantes van a contar por más de un tercio del crecimiento de los propietarios de casa y más de una cuarta parte del crecimiento de los hogares que alquilan.”

La necesidad de continuar con la investigación

En la edición de este mes de Housing Insights por Fannie Mae, Ellos mencionan como fuente The American Community Survey al afirmar que, hubo 18.8 millones de inmigrantes inquilinos en el país en 2012. Fannie Mae continúa diciendo que estos números representan "una gran reserva en la demanda de futuros propietarios de casas potenciales.” Ellos concluyeron con esto:

“el estudio continuo de cómo estos y futuros inmigrantes avanzan en hacerse propietarios de casa a medida que ellos residen por largo tiempo en los Estados Unidos, puede proporcionar información valiosa a las perspectivas futuras para el mercado de la vivienda en este país.”

Una mirada más local al impacto

Para quienes buscan datos locales, un estudio realizado por AS/COA en alianza con a New American Economy, ofrece un mapa interactivo que demuestra “el cambio neto de la población inmigrante en el país desde 2000 a 2010 y el efecto correspondiente en el valor de las propiedades.”

En conclusión

Si nos fijamos en las conclusiones de múltiples fuentes, podemos ver que ellos están de acuerdo que los inmigrantes revitalizaran vecindarios menos deseables y apoyaran el mercado de la vivienda.

Cada grupo está buscando mayores oportunidades económicas al igual que los inmigrantes en décadas pasadas que vinieron a los Estados Unidos. La pregunta es: ¿Estamos preparados para ayudarles a ellos con sus necesidades en bienes raíces?

[created_at] => 2014-08-28T06:00:05Z [description] => Hoy estamos alegres de tener a Jeymy González, La VP de KCM en español, como nuestra bloguera invitada. Jeymy ha experimentado personalmente los desafíos que los hispanos pueden enfrentar durante el proceso de bienes raíces y trabaja para ayudar es... [expired_at] => [featured_image] => https:/// [id] => 117 [published_at] => 2014-08-28T10:00:05Z [related] => Array ( ) [slug] => immigration-its-impact-on-the-housing-market [status] => published [tags] => Array ( ) [title] => Inmigración & su impacto en el mercado de la vivienda [updated_at] => 2015-11-18T14:25:43Z [url] => /es/2014/08/28/immigration-its-impact-on-the-housing-market/ )

Inmigración & su impacto en el mercado de la vivienda

Hoy estamos alegres de tener a Jeymy González, La VP de KCM en español, como nuestra bloguera invitada. Jeymy ha experimentado personalmente los desafíos que los hispanos pueden enfrentar durante el proceso de bienes raíces y trabaja para ayudar es...
51
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(
    [agents_bottom_line] => Homeownership's Impact on Net Worth | Keeping Current Matters

En los últimos seis años, el ser propietario de vivienda ha perdido algo de su encanto como una inversión financiera. Al sufrir los propietarios de vivienda a través de la crisis de la vivienda, más y más han empezado a cuestionar si ser propietario de una casa es realmente una buena manera de construir patrimonio. Un estudio por la Reserva Federal formalmente contesto esta pregunta.

Algunas de las conclusiones que revelaron en su informe:

  • La familia estadounidense en promedio tiene un patrimonio neto de $77.300
  • De ese patrimonio neto, 61,4% ($47.500) es en el valor liquido de su casa.
  • El patrimonio neto de un propietario es más de treinta veces mayor que el de un arrendatario
  • El propietario promedio tiene un patrimonio neto de $174.500 mientras que el patrimonio neto de un arrendatario promedio es de $5.100
8714 blog Sp

En conclusion

El estudio de la Fed encontró que el ser propietario sigue siendo una gran manera para que una familia construya riqueza en Norte América. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => Para los compradores [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => Homeownership's Impact on Net Worth | Keeping Current Matters En los últimos seis años, el ser propietario de vivienda ha perdido algo de su encanto como una inversión financiera. Al sufrir los propietarios de vivienda a través de la crisis de la vivienda, más y más han empezado a cuestionar si ser propietario de una casa es realmente una buena manera de construir patrimonio. Un estudio por la Reserva Federal formalmente contesto esta pregunta.

Algunas de las conclusiones que revelaron en su informe:

  • La familia estadounidense en promedio tiene un patrimonio neto de $77.300
  • De ese patrimonio neto, 61,4% ($47.500) es en el valor liquido de su casa.
  • El patrimonio neto de un propietario es más de treinta veces mayor que el de un arrendatario
  • El propietario promedio tiene un patrimonio neto de $174.500 mientras que el patrimonio neto de un arrendatario promedio es de $5.100
8714 blog Sp

En conclusion

El estudio de la Fed encontró que el ser propietario sigue siendo una gran manera para que una familia construya riqueza en Norte América. [created_at] => 2014-08-07T07:00:59Z [description] => En los últimos seis años, el ser propietario de vivienda ha perdido algo de su encanto como una inversión financiera. Al sufrir los propietarios de vivienda a través de la crisis de la vivienda, más y más han empezado a cuestionar si ser propieta... [expired_at] => [featured_image] => https:/// [id] => 102 [published_at] => 2014-08-07T07:00:59Z [related] => Array ( ) [slug] => homeownerships-impact-on-net-worth-3 [status] => published [tags] => Array ( ) [title] => El impacto de ser propietario en el patrimonio neto [updated_at] => 2014-08-07T13:24:59Z [url] => /es/2014/08/07/homeownerships-impact-on-net-worth-3/ )

El impacto de ser propietario en el patrimonio neto

En los últimos seis años, el ser propietario de vivienda ha perdido algo de su encanto como una inversión financiera. Al sufrir los propietarios de vivienda a través de la crisis de la vivienda, más y más han empezado a cuestionar si ser propieta...
51
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(
    [agents_bottom_line] => 

The growth of Latino-Owned Farms in U.S.A | Keeping Current Matters

Hoy tenemos el placer de tener la VP de KCM Español, Jeymy González, como nuestra invitada. Jeymy tiene experiencia personal con los desafíos que los Hispanos enfrentan durante el proceso de bienes raíces y trabaja para asistir esta comunidad con orientación y educación. ¡Disfrute! – El equipo de KCM

Un artículo reciente en Fox Latino News hablaba sobre el crecimiento saludable de las fincas con propietarios latinos. De acuerdo con el Censo de Agricultura “Ha habido un aumento del 21 por ciento de los propietarios en los últimos 5 años.” La mayoría de esas fincas son de tamaño pequeña o mediana con grandes concentraciones viviendo en Texas, New México, y California.

“Las fincas con propietarios Latinos se han convertido en un proveedor clave de ciertos productos.” Menciono el artículo por ejemplo; los Latinos son propietarios de dos tercios de las fincas que producen fresas en California.

Este aumento es el resultado del trabajo de organizaciones como Rural Coalition que representa agricultores pequeños y productores en los Estados Unidos y México. Los esfuerzos de reclutamiento para atraer minorías y mujeres campesinas por el USDA y grandes fuerzas económicas como NAFTA, Que ayudaron desde que eran obreros hasta llegar a ser los nuevos granjeros propietarios.

Esta es una gran oportunidad para los profesionales de bienes raíces que enfocan su negocio en las fincas y los ranchos. El Censo de agricultura de USDA publico una tabla con las granjas que el operador principal es Hispano/Latino y ¡el equipo de KCM lo puso en este mapa para usted!

Latino Owned Farms in the USA | Keeping Current Matters

¡Usted puede ayudar estos operadores Latinos a convertirse en propietarios de fincas & cumplir el sueño Americano!

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The growth of Latino-Owned Farms in U.S.A | Keeping Current Matters

Hoy tenemos el placer de tener la VP de KCM Español, Jeymy González, como nuestra invitada. Jeymy tiene experiencia personal con los desafíos que los Hispanos enfrentan durante el proceso de bienes raíces y trabaja para asistir esta comunidad con orientación y educación. ¡Disfrute! – El equipo de KCM

Un artículo reciente en Fox Latino News hablaba sobre el crecimiento saludable de las fincas con propietarios latinos. De acuerdo con el Censo de Agricultura “Ha habido un aumento del 21 por ciento de los propietarios en los últimos 5 años.” La mayoría de esas fincas son de tamaño pequeña o mediana con grandes concentraciones viviendo en Texas, New México, y California.

“Las fincas con propietarios Latinos se han convertido en un proveedor clave de ciertos productos.” Menciono el artículo por ejemplo; los Latinos son propietarios de dos tercios de las fincas que producen fresas en California.

Este aumento es el resultado del trabajo de organizaciones como Rural Coalition que representa agricultores pequeños y productores en los Estados Unidos y México. Los esfuerzos de reclutamiento para atraer minorías y mujeres campesinas por el USDA y grandes fuerzas económicas como NAFTA, Que ayudaron desde que eran obreros hasta llegar a ser los nuevos granjeros propietarios.

Esta es una gran oportunidad para los profesionales de bienes raíces que enfocan su negocio en las fincas y los ranchos. El Censo de agricultura de USDA publico una tabla con las granjas que el operador principal es Hispano/Latino y ¡el equipo de KCM lo puso en este mapa para usted!

Latino Owned Farms in the USA | Keeping Current Matters

¡Usted puede ayudar estos operadores Latinos a convertirse en propietarios de fincas & cumplir el sueño Americano!

[created_at] => 2014-07-31T06:00:27Z [description] => Hoy tenemos el placer de tener la VP de KCM Español, Jeymy González, como nuestra invitada. Jeymy tiene experiencia personal con los desafíos que los Hispanos enfrentan durante el proceso de bienes raíces y trabaja para asistir esta comunidad con o... [expired_at] => [featured_image] => https:/// [id] => 97 [published_at] => 2014-07-31T10:00:27Z [related] => Array ( ) [slug] => the-growth-of-latino-owned-farms-in-u-s-a [status] => published [tags] => Array ( ) [title] => El crecimiento de las fincas con propietarios Latinos en U.S.A. [updated_at] => 2015-05-09T01:38:05Z [url] => /es/2014/07/31/the-growth-of-latino-owned-farms-in-u-s-a/ )

El crecimiento de las fincas con propietarios Latinos en U.S.A.

Hoy tenemos el placer de tener la VP de KCM Español, Jeymy González, como nuestra invitada. Jeymy tiene experiencia personal con los desafíos que los Hispanos enfrentan durante el proceso de bienes raíces y trabaja para asistir esta comunidad con o...
51
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(
    [agents_bottom_line] => Millennials: Millennials: How Many are Actually ‘Living with their Parents’ | Keeping Current Matters

Every day we are pleasantly surprised with the research coming forward regarding the Millennial generation. Whether it was the over-exaggeration of the student debt challenge, the misbelief that they are not yet ready to buy or the under estimation of their actual home purchases, evidence is beginning to debunk the myths many have held about this generation and homeownership. Now, one more strongly held belief is being questioned.

Do Millennials Live in their Parents Basements?

It seems not as many as once was reported. Our friends at Calculated Risk (CR) alerted us to a post by Derek Thompson in the Atlantic: The Misguided Freakout About Basement-Dwelling Millennials. The article explains that according to the Census Reports:
“It is important to note that the Current Population Survey counts students living in dormitories as living in their parents' home.”
What?!? If you live in a college dorm, the census counts you as living with your parents. Thompson has some fun with this when he explains:
“When you were adjusting to your freshman roommate, you were ‘living with your parents’. When you snagged that sweet triple with your best friends in grad housing, you were ‘living with your parents’. That one time you launched butt-rattling bottle rockets at the stroke of midnight off your fraternity roof? I hope you didn't make too much noise. After all, you were ‘living with your parents’."

The data is “Criminally Misleading”

According to Thompson, the counting of those living in college dorms as living with their parents is “criminally misleading”. He explains that part of the increase in these numbers is actually attributed to the fact that more people are attending college:
“[T]he share of 25- to 29-year-olds with a bachelor degree has grown by almost 50 percent since the early 1980s. More than 84 percent of today's 27-year-olds spend at least some time in college and now 40 percent have a bachelor's or associate's degree. More young people going to school means more young people living in dorms, which means more young people ‘living with their parents’, according to the weird Census.”
Thompson then goes on to reveal that:
"[T]he share of 18-to-24-year-olds living at home who aren't in college has declined since 1986. But the share of college students living "at home" (i.e.: in dorms, often) has increased. So the Millennials-living-in-our-parents meme is almost entirely a result of higher college attendance.” (emphasis added)

The Other Side of the Argument

However, Trulia’s chief economist Jed Kolko, doesn’t totally agree. In a post in response to the Thompson article, Kolko explains:
“The Current Population Survey’s (CPS) Annual Social and Economic Supplement (ASEC) counts college students who are living in dorms as living with their parents, and college enrollment has indeed gone up. But it does not follow that basement-dwelling millennials are a myth. The ASEC and other Census data show that after adjusting for college enrollment and for dormitory living, millennials were more likely to live with parents in 2012 and 2013 than at any other time for which a consistent data series is available.”

Bottom Line

There are more Millennials living with their parents than ever before. However, the numbers being quoted by some seem to be exaggerated. [assets] => Array ( ) [can_share] => no [categories] => Array ( ) [content_type] => blog [contents] => Millennials: Millennials: How Many are Actually ‘Living with their Parents’ | Keeping Current Matters Every day we are pleasantly surprised with the research coming forward regarding the Millennial generation. Whether it was the over-exaggeration of the student debt challenge, the misbelief that they are not yet ready to buy or the under estimation of their actual home purchases, evidence is beginning to debunk the myths many have held about this generation and homeownership. Now, one more strongly held belief is being questioned.

Do Millennials Live in their Parents Basements?

It seems not as many as once was reported. Our friends at Calculated Risk (CR) alerted us to a post by Derek Thompson in the Atlantic: The Misguided Freakout About Basement-Dwelling Millennials. The article explains that according to the Census Reports:
“It is important to note that the Current Population Survey counts students living in dormitories as living in their parents' home.”
What?!? If you live in a college dorm, the census counts you as living with your parents. Thompson has some fun with this when he explains:
“When you were adjusting to your freshman roommate, you were ‘living with your parents’. When you snagged that sweet triple with your best friends in grad housing, you were ‘living with your parents’. That one time you launched butt-rattling bottle rockets at the stroke of midnight off your fraternity roof? I hope you didn't make too much noise. After all, you were ‘living with your parents’."

The data is “Criminally Misleading”

According to Thompson, the counting of those living in college dorms as living with their parents is “criminally misleading”. He explains that part of the increase in these numbers is actually attributed to the fact that more people are attending college:
“[T]he share of 25- to 29-year-olds with a bachelor degree has grown by almost 50 percent since the early 1980s. More than 84 percent of today's 27-year-olds spend at least some time in college and now 40 percent have a bachelor's or associate's degree. More young people going to school means more young people living in dorms, which means more young people ‘living with their parents’, according to the weird Census.”
Thompson then goes on to reveal that:
"[T]he share of 18-to-24-year-olds living at home who aren't in college has declined since 1986. But the share of college students living "at home" (i.e.: in dorms, often) has increased. So the Millennials-living-in-our-parents meme is almost entirely a result of higher college attendance.” (emphasis added)

The Other Side of the Argument

However, Trulia’s chief economist Jed Kolko, doesn’t totally agree. In a post in response to the Thompson article, Kolko explains:
“The Current Population Survey’s (CPS) Annual Social and Economic Supplement (ASEC) counts college students who are living in dorms as living with their parents, and college enrollment has indeed gone up. But it does not follow that basement-dwelling millennials are a myth. The ASEC and other Census data show that after adjusting for college enrollment and for dormitory living, millennials were more likely to live with parents in 2012 and 2013 than at any other time for which a consistent data series is available.”

Bottom Line

There are more Millennials living with their parents than ever before. However, the numbers being quoted by some seem to be exaggerated. [created_at] => 2014-07-17T06:00:51Z [description] => Every day we are pleasantly surprised with the research coming forward regarding the Millennial generation. Whether it was the over-exaggeration of the student debt challenge, the misbelief that they are not yet ready to buy or the under estimati... [expired_at] => [featured_image] => https:/// [id] => 87 [published_at] => 2014-07-17T10:00:51Z [related] => Array ( ) [slug] => millennials-how-many-are-actually-living-with-their-parents [status] => published [tags] => Array ( ) [title] => Millennials: How Many are Actually ‘Living with their Parents’ [updated_at] => 2014-07-21T18:31:34Z [url] => /es/2014/07/17/millennials-how-many-are-actually-living-with-their-parents/ )

Millennials: How Many are Actually ‘Living with their Parents’

Every day we are pleasantly surprised with the research coming forward regarding the Millennial generation. Whether it was the over-exaggeration of the student debt challenge, the misbelief that they are not yet ready to buy or the under estimati...
51
stdClass Object
(
    [agents_bottom_line] => (English) Our guest blogger today is Nikki Buckelew. As the Founder and CEO of the Seniors Real Estate Institute, Nikki brings great insight into the Senior Market.

It's probably only natural for real estate agents to assume that most boomers or retirees bent on moving to a new city to enjoy their golden years will be on the trail to Florida, Arizona, or some other state blessed with warmth and plenty of sunshine. And those states are probably the ones best situated to offer plenty of age-in-place benefits, right?

Nope.

When a boomer or senior who's open-minded about where they wish to move and retire searches Google for the best cities to age in place or best cities to retire, they finds some spots that are a bit out of the norm, but quite intriguing nonetheless.

Places like Sioux Falls, SD; Provo, UT; Iowa City, IA; Bismarck, ND; Columbia, MO; Omaha, NE; Madison, WI; and Boston, MA top the list.

As adults 55+ begin to contemplate their future and plan for a possible move, they are hearing more and more about the importance of preparing to age-in-place. They already know they hope to live in their own home, independently, for as long as possible. And the cities listed above – plus many other non-traditional retirement options – are receiving plenty of attention as go-to spots for their aging-in-place benefits in the form of quality healthcare, accessible transportation, government initiatives in building the city as senior-friendly, and a number of other indexes.

The Milken Institute, a non-partisan think tank, compiled a list in 2012 of the 259 Best Cities to Age Successfully. Another ranking is due later this summer of 2014. It divided the rankings into "Large Metros" and 'Small Metros," with Provo, Utah topping the Large City list and Sioux Falls the Small City rankings.

Others in the Top 10 of Large Cities to Age Successfully include Pittsburgh, Toledo, Des Moines, Salt Lake City, and Washington D.C.

Others in the Top 10 of Small Cities to Age Successfully include Rochester, MN, Ann Arbor, MI, Missoula, MT, Durham-Chapel Hill, NC, and Gainesville, FL.

See the entire list here and learn more about the Milken Institute's approach to promoting aging-in-place awareness: http://successfulaging.milkeninstitute.org/bcsa.html

Frankly, if I were a real estate agent or broker in any of these top cities (and even many further down the list), I'd be going full-bore to make sure I was positioned to capture as much of this older adult segment in my town as possible. Yes, older adults will purposefully be moving to my city and I should be the one to serve them and find a stellar house for them to buy. That would include promoting my area's dominance as a haven for older adults, while working to ensure that I had the knowledge to properly help them. And oh yeah. Since older adults from outside the area will be searching online for information about my city, I'd want to make sure that I popped up front and center on Google as an expert in real estate for boomers and seniors in my town.

Simply put, lists like this give you plenty of marketing power - plus motivation - to grab a huge segment of business in your market that perhaps you never even knew existed.
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    [content_type] => blog
    [contents] => (English) Our guest blogger today is Nikki Buckelew. As the Founder and CEO of the Seniors Real Estate Institute, Nikki brings great insight into the Senior Market.

It's probably only natural for real estate agents to assume that most boomers or retirees bent on moving to a new city to enjoy their golden years will be on the trail to Florida, Arizona, or some other state blessed with warmth and plenty of sunshine. And those states are probably the ones best situated to offer plenty of age-in-place benefits, right?

Nope.

When a boomer or senior who's open-minded about where they wish to move and retire searches Google for the best cities to age in place or best cities to retire, they finds some spots that are a bit out of the norm, but quite intriguing nonetheless.

Places like Sioux Falls, SD; Provo, UT; Iowa City, IA; Bismarck, ND; Columbia, MO; Omaha, NE; Madison, WI; and Boston, MA top the list.

As adults 55+ begin to contemplate their future and plan for a possible move, they are hearing more and more about the importance of preparing to age-in-place. They already know they hope to live in their own home, independently, for as long as possible. And the cities listed above – plus many other non-traditional retirement options – are receiving plenty of attention as go-to spots for their aging-in-place benefits in the form of quality healthcare, accessible transportation, government initiatives in building the city as senior-friendly, and a number of other indexes.

The Milken Institute, a non-partisan think tank, compiled a list in 2012 of the 259 Best Cities to Age Successfully. Another ranking is due later this summer of 2014. It divided the rankings into "Large Metros" and 'Small Metros," with Provo, Utah topping the Large City list and Sioux Falls the Small City rankings.

Others in the Top 10 of Large Cities to Age Successfully include Pittsburgh, Toledo, Des Moines, Salt Lake City, and Washington D.C.

Others in the Top 10 of Small Cities to Age Successfully include Rochester, MN, Ann Arbor, MI, Missoula, MT, Durham-Chapel Hill, NC, and Gainesville, FL.

See the entire list here and learn more about the Milken Institute's approach to promoting aging-in-place awareness: http://successfulaging.milkeninstitute.org/bcsa.html

Frankly, if I were a real estate agent or broker in any of these top cities (and even many further down the list), I'd be going full-bore to make sure I was positioned to capture as much of this older adult segment in my town as possible. Yes, older adults will purposefully be moving to my city and I should be the one to serve them and find a stellar house for them to buy. That would include promoting my area's dominance as a haven for older adults, while working to ensure that I had the knowledge to properly help them. And oh yeah. Since older adults from outside the area will be searching online for information about my city, I'd want to make sure that I popped up front and center on Google as an expert in real estate for boomers and seniors in my town.

Simply put, lists like this give you plenty of marketing power - plus motivation - to grab a huge segment of business in your market that perhaps you never even knew existed.
    [created_at] => 2014-05-29T06:00:34Z
    [description] => (English) Our guest blogger today is Nikki Buckelew. As the Founder and CEO of the Seniors Real Estate Institute, Nikki brings great insight into the Senior Market.

It's probably only natural for real estate agents to assume that most boomers or r...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 52
    [published_at] => 2014-05-29T10:00:34Z
    [related] => Array
        (
        )

    [slug] => non-traditional-retirement-metros-becoming-meccas-for-older-adults-who-want-to-age-in-place
    [status] => published
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        (
        )

    [title] => (English) Non-Traditional “Retirement” Metros Becoming Meccas for Older Adults Who Want to Age in Place
    [updated_at] => 2014-05-21T19:23:09Z
    [url] => /es/2014/05/29/non-traditional-retirement-metros-becoming-meccas-for-older-adults-who-want-to-age-in-place/
)

(English) Non-Traditional “Retirement” Metros Becoming Meccas for Older Adults Who Want to Age in Place

(English) Our guest blogger today is Nikki Buckelew. As the Founder and CEO of the Seniors Real Estate Institute, Nikki brings great insight into the Senior Market. It's probably only natural for real estate agents to assume that most boomers or r...
51
stdClass Object
(
    [agents_bottom_line] => (English) Today's post is written by Steve Harney of Keeping Current Matters.smug

I have been a subscriber to the Wall Street Journal (WSJ) for as long as I can remember. In my opinion, it is the single greatest source of financial information and insights available. I don’t always agree with their analysis but I always respect their position.

However, in an article this past weekend, The New Math of Renting vs. Buying, they flat out got it wrong. Below are a few excerpts from the article and the reason why I believe the analysis to be incorrect.

The Cost of Renting is Lower than the Cost of Owning

In the article, they discuss that homeownership is more expensive than renting in many large metropolitan areas. "The monthly cost of renting was lower than buying in 20 large metropolitan areas at the end of last year, the most recent period for which data are available, according to figures provided exclusively to The Wall Street Journal by Deutsche Bank. That is up from 15 large metropolitan areas a year earlier.” The challenge is that more recent data from two very reliable sources has shown that not to be the case. Among the 35 largest metro areas analyzed by Zillow in the first quarter, every metro showed it would be cheaper to buy than rent if you plan to live in the home for at least 4.2 years. According to a study by Trulia: “Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas. Rising mortgage rates and home prices have narrowed the gap over the past year, though rates have recently dropped and price gains are slowing. Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally.” (emphasis added)

Renters Don’t Have All the Expenses of Homeowners

The article goes on to explain that as a renter you have many less expenses than you would have as a homeowner: "Renters, for example, don't pay property taxes, homeowner's insurance and, in most cases, maintenance costs. These expenses can cost homeowners about 3% of the price of their home annually, experts say. While those costs can be folded into monthly rent, apartment renters often pay a smaller share as landlords spread the costs among many tenants, says Stijn Van Nieuwerburgh, director of the Center for Real Estate Finance Research at New York University. If a window breaks or the toilet plugs up, your landlord—not you—pays for the repairs." Don’t kid yourself – the landlord does not pay the taxes nor pay for repairs. The tenant does. It is incorporated in the rent. It is true, if it is an apartment building, that the property taxes are shared by all tenants. However, realize that the amount of property taxes for an apartment building with “many tenants” will be far greater than a single family residence. We think this situation is best explained by Eric Belsky, Managing Director of the Joint Center of Housing Studies at Harvard University, in his paper on homeownership - The Dream Lives On: the Future of Homeownership in America: “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.” (emphasis is mine)

Investing the Difference in Payments Will Net a Renter More Money

The WSJ article claims that, if a renter invests the difference between their rent payment and a potential mortgage payment had they purchased, they would be better off financially in the long run. "Renters don't end up with a valuable asset, as buyers do when they pay off a mortgage. But renters might be able to make more money by investing the monthly savings, as well as the cash they would otherwise use for a down payment, he says." They go on to explain their reasoning as follows: "The value of the average single-family home increased by 3.6% a year in the three decades through 2013, compounded annually, according to mortgage giant Freddie Mac. By contrast, the compound annual return on the S&P 500 over that period was 11.1%, according to Chicago-based investment-research firm Morningstar." As to the idea that the return on investment would be greater by investing in the stock market rather than purchase a home, I think the article in the WSJ forgot that housing is a leveraged investment. Belsky, in his paper, explains: “Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.” That 3.6% average annual appreciation is really an 18% return on cash to a home buyer putting down 20%. They also assume the renter will save any difference in housing expense. However, that does not happen in reality. In their ongoing research for their paper, Beer and Cookies Impact on Homeowners’ Wealth Accumulation, Eli Beracha and Ken H. Johnson reveal that homeownership creates a ‘forced savings’ plan: “It appears that homeownership creates extra wealth mainly through its ability to force owners to save rather than through property appreciation. Thus, homeownership appears to be a self-imposed savings plan, which through time leads to greater wealth accumulation as compared to comparable renters. In short, buying a home makes Americans save.” And Belsky from Harvard agrees: “Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.” To further make this point, we can look at a study by the Federal Reserve which showed that the net worth of a homeowner ($174,500) is 30 times greater than that of renter ($5,100).

Bottom Line

Looking at financial advantages of homeownership from every angle still reveals that it is a much better investment than renting. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => Para los compradores [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => (English) Today's post is written by Steve Harney of Keeping Current Matters.smug I have been a subscriber to the Wall Street Journal (WSJ) for as long as I can remember. In my opinion, it is the single greatest source of financial information and insights available. I don’t always agree with their analysis but I always respect their position. However, in an article this past weekend, The New Math of Renting vs. Buying, they flat out got it wrong. Below are a few excerpts from the article and the reason why I believe the analysis to be incorrect.

The Cost of Renting is Lower than the Cost of Owning

In the article, they discuss that homeownership is more expensive than renting in many large metropolitan areas. "The monthly cost of renting was lower than buying in 20 large metropolitan areas at the end of last year, the most recent period for which data are available, according to figures provided exclusively to The Wall Street Journal by Deutsche Bank. That is up from 15 large metropolitan areas a year earlier.” The challenge is that more recent data from two very reliable sources has shown that not to be the case. Among the 35 largest metro areas analyzed by Zillow in the first quarter, every metro showed it would be cheaper to buy than rent if you plan to live in the home for at least 4.2 years. According to a study by Trulia: “Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas. Rising mortgage rates and home prices have narrowed the gap over the past year, though rates have recently dropped and price gains are slowing. Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally.” (emphasis added)

Renters Don’t Have All the Expenses of Homeowners

The article goes on to explain that as a renter you have many less expenses than you would have as a homeowner: "Renters, for example, don't pay property taxes, homeowner's insurance and, in most cases, maintenance costs. These expenses can cost homeowners about 3% of the price of their home annually, experts say. While those costs can be folded into monthly rent, apartment renters often pay a smaller share as landlords spread the costs among many tenants, says Stijn Van Nieuwerburgh, director of the Center for Real Estate Finance Research at New York University. If a window breaks or the toilet plugs up, your landlord—not you—pays for the repairs." Don’t kid yourself – the landlord does not pay the taxes nor pay for repairs. The tenant does. It is incorporated in the rent. It is true, if it is an apartment building, that the property taxes are shared by all tenants. However, realize that the amount of property taxes for an apartment building with “many tenants” will be far greater than a single family residence. We think this situation is best explained by Eric Belsky, Managing Director of the Joint Center of Housing Studies at Harvard University, in his paper on homeownership - The Dream Lives On: the Future of Homeownership in America: “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.” (emphasis is mine)

Investing the Difference in Payments Will Net a Renter More Money

The WSJ article claims that, if a renter invests the difference between their rent payment and a potential mortgage payment had they purchased, they would be better off financially in the long run. "Renters don't end up with a valuable asset, as buyers do when they pay off a mortgage. But renters might be able to make more money by investing the monthly savings, as well as the cash they would otherwise use for a down payment, he says." They go on to explain their reasoning as follows: "The value of the average single-family home increased by 3.6% a year in the three decades through 2013, compounded annually, according to mortgage giant Freddie Mac. By contrast, the compound annual return on the S&P 500 over that period was 11.1%, according to Chicago-based investment-research firm Morningstar." As to the idea that the return on investment would be greater by investing in the stock market rather than purchase a home, I think the article in the WSJ forgot that housing is a leveraged investment. Belsky, in his paper, explains: “Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.” That 3.6% average annual appreciation is really an 18% return on cash to a home buyer putting down 20%. They also assume the renter will save any difference in housing expense. However, that does not happen in reality. In their ongoing research for their paper, Beer and Cookies Impact on Homeowners’ Wealth Accumulation, Eli Beracha and Ken H. Johnson reveal that homeownership creates a ‘forced savings’ plan: “It appears that homeownership creates extra wealth mainly through its ability to force owners to save rather than through property appreciation. Thus, homeownership appears to be a self-imposed savings plan, which through time leads to greater wealth accumulation as compared to comparable renters. In short, buying a home makes Americans save.” And Belsky from Harvard agrees: “Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.” To further make this point, we can look at a study by the Federal Reserve which showed that the net worth of a homeowner ($174,500) is 30 times greater than that of renter ($5,100).

Bottom Line

Looking at financial advantages of homeownership from every angle still reveals that it is a much better investment than renting. [created_at] => 2014-05-06T06:00:55Z [description] => (English) Today's post is written by Steve Harney of Keeping Current Matters. I have been a subscriber to the Wall Street Journal (WSJ) for as long as I can remember. In my opinion, it is the single greatest source of financial information and ins... [expired_at] => [featured_image] => https:/// [id] => 35 [published_at] => 2014-05-06T10:00:55Z [related] => Array ( ) [slug] => homeownership-this-time-the-wall-street-journal-got-it-wrong [status] => published [tags] => Array ( ) [title] => (English) Homeownership: This Time the Wall Street Journal Got it Wrong [updated_at] => 2014-05-06T14:26:33Z [url] => /es/2014/05/06/homeownership-this-time-the-wall-street-journal-got-it-wrong/ )

(English) Homeownership: This Time the Wall Street Journal Got it Wrong

(English) Today's post is written by Steve Harney of Keeping Current Matters. I have been a subscriber to the Wall Street Journal (WSJ) for as long as I can remember. In my opinion, it is the single greatest source of financial information and ins...
51
stdClass Object
(
    [agents_bottom_line] => (English) We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is ready, willing and able to purchase a home, we believe that owning is much better than renting. And we believe that now is a great time to buy.

We are not the only ones that think owning has massive benefits or that now is a sensational time to plunge into owning your own home. Here are a few others:

Benefits of Owning

Joint Center for Housing Studies, Harvard University “Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord…Having to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings.” The Federal Reserve “Renters have much lower median and mean net worth than homeowners in any survey year.”

Benefits of Buying Now

Trulia “Buying costs less than renting in all 100 large U.S. metros… Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally.” Freddie Mac "One thing seems certain: we are not likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012…Yes, rates are higher than they were a year ago – and certainly higher than two years ago. But if you look at the averages over the last four decades, today's rates remain historically low." [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => Para los compradores [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => (English) We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is ready, willing and able to purchase a home, we believe that owning is much better than renting. And we believe that now is a great time to buy. We are not the only ones that think owning has massive benefits or that now is a sensational time to plunge into owning your own home. Here are a few others:

Benefits of Owning

Joint Center for Housing Studies, Harvard University “Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord…Having to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings.” The Federal Reserve “Renters have much lower median and mean net worth than homeowners in any survey year.”

Benefits of Buying Now

Trulia “Buying costs less than renting in all 100 large U.S. metros… Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally.” Freddie Mac "One thing seems certain: we are not likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012…Yes, rates are higher than they were a year ago – and certainly higher than two years ago. But if you look at the averages over the last four decades, today's rates remain historically low." [created_at] => 2014-04-16T07:00:00Z [description] => (English) We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is ready, willing and able to purchase a home, we believe that owning is much better than ren... [expired_at] => [featured_image] => https:/// [id] => 21 [published_at] => 2014-04-16T07:00:00Z [related] => Array ( ) [slug] => real-estate-we-are-not-the-only-ones-saying-you-should-buy [status] => published [tags] => Array ( ) [title] => (English) Real Estate: We are NOT the Only Ones Saying You Should Buy [updated_at] => 2014-06-12T20:50:42Z [url] => /es/2014/04/16/real-estate-we-are-not-the-only-ones-saying-you-should-buy/ )

(English) Real Estate: We are NOT the Only Ones Saying You Should Buy

(English) We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is ready, willing and able to purchase a home, we believe that owning is much better than ren...
51
stdClass Object
(
    [agents_bottom_line] => (English) 

The American desire to own a second home as a vacation home is alive and well!

The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investment and Vacation Home Buyers Survey shows vacation home sales improved substantially in 2013. NAR Chief Economist Lawrence Yun said favorable conditions are driving second-home sales: “Growth in the equity markets has greatly benefited high net-worth households, thereby providing the wherewithal and confidence to purchase recreational property,” he said. “However, vacation-home sales are still about one-third below the peak activity seen in 2006.” Here are the key findings from the report:

Raw Numbers

  • Vacation-Home sales rose 29.7 percent to 717,000 from 553,000 in 2012
  • Sales accounted for 13% of all transactions last year, up from 11% in 2012
  • The median price was $168,700, compared with $150,000 in 2012, reflecting a greater number of more expensive recreational property sales in 2013
  • 42% of vacation homes purchased in 2013 were distressed homes (in foreclosure or short sale)

Buyer Profile

  • The typical vacation-home buyer was 43 years old
  • The median household income was $85,600
  • Buyers plan to own their recreational property for a median of 6 years
  • 33% said they were likely to purchase another vacation home within two years
  • 82% of all second-home buyers said it was a good time to buy (compared with 67% of primary residence buyers)

Reasons for Purchasing

Lifestyle factors remain the primary motivation for vacation-home buyers:
  • 87% want to use the property for vacations or as a family retreat
  • 31% plan to use it as a primary residence in the future
  • 28% wanted to diversify their investments or saw a good investment opportunity
  • 23% plan to rent to others

Location

  • 41% of vacation homes purchased last year were in the South
  • 28% in the West
  • 18% in the Northeast
  • 14% in the Midwest
The vacation homebuyer purchased a property that was a median distance of 180 miles from their primary residence (down from 435 in 2012)
  • 46% were within 100 miles
  • 34% were more than 500 miles

Financing

  • 38% of vacation-home buyers paid cash in 2013
  • The median down payment was 30%, up from 27% in 2012
[assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => Para los compradores [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => Para los vendedores [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => (English)

The American desire to own a second home as a vacation home is alive and well!

The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investment and Vacation Home Buyers Survey shows vacation home sales improved substantially in 2013. NAR Chief Economist Lawrence Yun said favorable conditions are driving second-home sales: “Growth in the equity markets has greatly benefited high net-worth households, thereby providing the wherewithal and confidence to purchase recreational property,” he said. “However, vacation-home sales are still about one-third below the peak activity seen in 2006.” Here are the key findings from the report:

Raw Numbers

  • Vacation-Home sales rose 29.7 percent to 717,000 from 553,000 in 2012
  • Sales accounted for 13% of all transactions last year, up from 11% in 2012
  • The median price was $168,700, compared with $150,000 in 2012, reflecting a greater number of more expensive recreational property sales in 2013
  • 42% of vacation homes purchased in 2013 were distressed homes (in foreclosure or short sale)

Buyer Profile

  • The typical vacation-home buyer was 43 years old
  • The median household income was $85,600
  • Buyers plan to own their recreational property for a median of 6 years
  • 33% said they were likely to purchase another vacation home within two years
  • 82% of all second-home buyers said it was a good time to buy (compared with 67% of primary residence buyers)

Reasons for Purchasing

Lifestyle factors remain the primary motivation for vacation-home buyers:
  • 87% want to use the property for vacations or as a family retreat
  • 31% plan to use it as a primary residence in the future
  • 28% wanted to diversify their investments or saw a good investment opportunity
  • 23% plan to rent to others

Location

  • 41% of vacation homes purchased last year were in the South
  • 28% in the West
  • 18% in the Northeast
  • 14% in the Midwest
The vacation homebuyer purchased a property that was a median distance of 180 miles from their primary residence (down from 435 in 2012)
  • 46% were within 100 miles
  • 34% were more than 500 miles

Financing

  • 38% of vacation-home buyers paid cash in 2013
  • The median down payment was 30%, up from 27% in 2012
[created_at] => 2014-04-10T07:00:41Z [description] => (English) The American desire to own a second home as a vacation home is alive and well! The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investmen... [expired_at] => [featured_image] => https:/// [id] => 17 [published_at] => 2014-04-10T07:00:41Z [related] => Array ( ) [slug] => vacation-home-property-sales-surge [status] => published [tags] => Array ( ) [title] => (English) Vacation Home Property Sales Surge [updated_at] => 2014-06-12T20:54:19Z [url] => /es/2014/04/10/vacation-home-property-sales-surge/ )

(English) Vacation Home Property Sales Surge

(English) The American desire to own a second home as a vacation home is alive and well! The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investmen...
51
stdClass Object
(
    [agents_bottom_line] => (English) 4.9 VisualOver the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A study by the Federal Reserve formally answered this question.

Some of the findings revealed in their report:

  • The average American family has a net worth of $77,300
  • Of that net worth, 61.4% ($47,500) of it is in home equity
  • A homeowner’s net worth is over thirty times greater than that of a renter
  • The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100

Bottom Line

The Fed study found that homeownership is still a great way for a family to build wealth in America.
[assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => Para los compradores [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => (English) 4.9 VisualOver the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A study by the Federal Reserve formally answered this question.

Some of the findings revealed in their report:

  • The average American family has a net worth of $77,300
  • Of that net worth, 61.4% ($47,500) of it is in home equity
  • A homeowner’s net worth is over thirty times greater than that of a renter
  • The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100

Bottom Line

The Fed study found that homeownership is still a great way for a family to build wealth in America.
[created_at] => 2014-04-09T07:00:54Z [description] => (English) Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A stu... [expired_at] => [featured_image] => https:/// [id] => 16 [published_at] => 2014-04-09T07:00:54Z [related] => Array ( ) [slug] => homeownerships-impact-on-net-worth-2 [status] => published [tags] => Array ( ) [title] => (English) Homeownership’s Impact on Net Worth [updated_at] => 2014-06-12T20:55:44Z [url] => /es/2014/04/09/homeownerships-impact-on-net-worth-2/ )

(English) Homeownership’s Impact on Net Worth

(English) Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A stu...
51
stdClass Object
(
    [agents_bottom_line] => (English) blue interest rates"One thing seems certain: we aren't likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012."

- Freddie Mac,  March 24, 2014

There are those that hope that 30-year mortgage interest rates will head back under 4%. Obviously, for any prospective home purchaser that would be great news. However, there is probably a greater chance that interest rates will return to the greater than 6% rate of the last decade before they would return to the less than 3.5% rate of 2012.

Freddie Mac, in one of four original posts on their new blog, explained that current rates are still extremely low compared to historic averages:

"The all-time record low – since Freddie Mac began tracking mortgage rates in 1971 – was 3.31% in November 2012. Conversely, the all-time record high occurred in October of 1981, hitting 18.63%. That's more than four times higher than today's average 30-year fixed rate of 4.32% as of March 20...rates hovering around 4.5% may be high relative to last year, but something to celebrate compared to almost any year since 1971."

Rates over decades

If you are thinking of buying a home, waiting for a dramatic decrease in mortgage rates might not make sense. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 35 [name] => Tasas de interés [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => mortgage-rates [status] => public [translations] => stdClass Object ( ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => (English) blue interest rates"One thing seems certain: we aren't likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012." - Freddie Mac,  March 24, 2014 There are those that hope that 30-year mortgage interest rates will head back under 4%. Obviously, for any prospective home purchaser that would be great news. However, there is probably a greater chance that interest rates will return to the greater than 6% rate of the last decade before they would return to the less than 3.5% rate of 2012. Freddie Mac, in one of four original posts on their new blog, explained that current rates are still extremely low compared to historic averages: "The all-time record low – since Freddie Mac began tracking mortgage rates in 1971 – was 3.31% in November 2012. Conversely, the all-time record high occurred in October of 1981, hitting 18.63%. That's more than four times higher than today's average 30-year fixed rate of 4.32% as of March 20...rates hovering around 4.5% may be high relative to last year, but something to celebrate compared to almost any year since 1971."

Rates over decades

If you are thinking of buying a home, waiting for a dramatic decrease in mortgage rates might not make sense. [created_at] => 2014-03-26T06:00:14Z [description] => (English) "One thing seems certain: we aren't likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012." - Freddie Mac,  March 24, 2014 There are those that hope that 30-year mortgage interest rates wil... [expired_at] => [featured_image] => https:/// [id] => 6 [published_at] => 2014-03-26T10:00:14Z [related] => Array ( ) [slug] => freddie-mac-doubtful-rates-will-return-to-recent-lows [status] => published [tags] => Array ( ) [title] => (English) Freddie Mac: Doubtful Rates Will Return to Recent Lows [updated_at] => 2014-06-12T20:33:28Z [url] => /es/2014/03/26/freddie-mac-doubtful-rates-will-return-to-recent-lows/ )

(English) Freddie Mac: Doubtful Rates Will Return to Recent Lows

(English) "One thing seems certain: we aren't likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012." - Freddie Mac,  March 24, 2014 There are those that hope that 30-year mortgage interest rates wil...