According to the Federal Reserve's Survey of Consumer Finances home owners are building their wealth at a rate four times that of renters. Net worth of a home owner over the past 15 years is 30 to 45 times greater than a renter. On average, a home owner has over $200,000 of net worth while a renter’s hovers around $5,000. Home ownership is a significant component of the net … Keep reading... about Home Owners Build Wealth
Buying Real Estate
Southwest Florida is a prime destination for baby-boomer retirees
In Florida, Charlotte County – Punta Gorda (32.9% were baby boomers in 2013, a 34.3% increase since 2007) topped the list for baby boomer population growth. A study conducted by RealtyTrac analyzing Census population data between 2007 and 2013, found that Punta Gorda / Port Charlotte and Charlotte County were at the top of boomers retirees radar. This growth is due to the … Keep reading... about Southwest Florida is a prime destination for baby-boomer retirees
It’s Cheaper to Live in Florida
A study by the Tax Foundation found that overall, living in Florida is less expensive than living in the Northeast and Midwest. Based on the national average, your dollar goes farther in Florida than other states. $100 in Florida buys $101.21 of goods based on national prices. However, as the Clearwater Gazette reported, prices are higher near cities, but prices in and … Keep reading... about It’s Cheaper to Live in Florida
Economic Data Points to Improved US Economy
Indicators of economic activity show that the US economy grew faster than expected and suggest that a sustainable growth period lies ahead. Business investment is up significantly and the growth rate April through June, 2014 was over four percent. In addition, the Labor Dept reported a drop in initial unemployment benefits claims. This is improvement is reflected in optimism … Keep reading... about Economic Data Points to Improved US Economy
Home Construction Growth
Last month’s housing starts were at an annual rate of 1.093 million units, the highest reading since November. Single-family housing starts in July increased 8.3 percent over the revised June figure of 606,000, and were at a rate of 656,000. The July rate for multifamily housing was 423,000, showing the strongest level of starts since 2006. Home Depot and other home stores … Keep reading... about Home Construction Growth