1. Asheville, North Carolina: Known for its stunning mountain views and vibrant arts scene, Asheville offers a reasonable cost of living and affordable housing options for retirees. 2. Prescott, Arizona: With its mild climate and breathtaking natural beauty, Prescott is an ideal retirement destination that won’t break the bank. The city also boasts a low […]
Top 10 Retirement Towns That Offer Great Affordability Read More »
According to the National Association of Realtors (NAR) Chief Economist, Yun, small investors, commonly referred to as “mom and pop investors,” would greatly benefit from a reduction in capital gains taxes. Yun suggests that lowering capital gains taxes would provide these investors with increased opportunities to grow their investments and generate higher returns. By reducing
NAR’s Yun Advocates for Capital Gains Tax Cut to Benefit Small Investors Read More »
According to the Visual Capitalist, many people consider themselves to be middle-class, but in reality, a significant portion of them are actually part of the top 1% in terms of income. SmartAsset data shows the household income required in each state to be part of this exclusive group. Take a look at today’s graphic to
The latest report from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index revealed a 1% annual change in home prices for July 2023. The 10-City Composite saw a 0.9% increase, while the 20-City Composite had a 0.1% increase compared to the previous year. Additionally, 19 out of the 20 major metropolitan markets reported
The S&P CoreLogic Case-Shiller Index records a rise in July Read More »
According to a report by Statista, gasoline prices in the United States vary significantly. Factors such as state-specific transportation and distribution costs can lead to higher prices in states like Alaska and Hawaii. Additionally, state taxes also play a significant role in determining gasoline prices, as seen in high-tax states like California. Interestingly, the current
Finding the most affordable and expensive gas prices Read More »
According to the U.S. Government, new single-family home sales in August 2023 were at a seasonally adjusted annual rate of 675,000, which is 8.7% lower than the revised rate for July and 5.8% higher than the previous year. The median sales price for new homes sold in August was $430,300, with an average sales price
The August report reveals a decline of 8.7% in new home sales. Read More »
According to Black Knight’s latest Mortgage Monitor, the delinquency rate for loans in the U.S. increased by 4 basis points in August, reaching 3.17%. However, this rate is still nearly one percentage point lower than the average for the same period between 2015 and 2019. The report also highlights a decline in serious delinquencies, with
Black Knight reports that early-stage delinquencies are on the rise. Read More »
The U.S. government has released a report stating that privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,283,000. This is 11.3% lower than the revised number for July and 14.8% lower than the same time last year. In August, there were 334,000 units in buildings with five units or more.
The “Rule of 72” is a fundamental principle in investing that estimates how long it takes to double your money. Instead of relying on this rule as a shortcut, there is a more precise logarithmic formula that can be used to determine the time it takes to grow your money at different annualized returns. Check
High mortgage rates are a contributing factor to the weakening of builder confidence. The NAHB has reported that builder confidence in the market for newly built single-family homes has dropped below the key break-even measure of 50 for the first time in five months due to persistently high mortgage rates. According to the National Association
Builder confidence is undermined by high mortgage rates. Read More »