10 Oct 2018
By Aadil Nathoo

Foreclosure Rates Expected To Dip Below 12-Year Low

Real Estate, ,
The record-setting pace of the U.S. economy continues to positively impact the housing market and home foreclosures now stand at an astonishing 12-year low. Coming off a GDP growth rate of 4.1 percent and a historic bull stock market run, everyday Americans appear to be benefiting from one of, if not the strongest economies in decades. According to data compiled by CoreLogic, mortgage delinquency rates continue to improve and are already at the lowest levels in 12 years. Building on last year's national trend, foreclosures and mortgages more than 30 days past due declined to 4.2 percent in May. Other…
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03 Oct 2018
By Aadil Nathoo

Case-Shiller: Home Prices Hit 11-Month Low in July

Real Estate, ,
Home price growth slowed to its lowest pace in nearly a year according to the Case-Shiller Home Price Indices. National home price growth averaged 6.00 percent year-over-year as compared to 6.20 percent growth in June. The 20-city home price index rose 0.10 percent in July to a seasonally adjusted rate of 5.90 percent year-over-year. Slowing home price growth was attributed to buyer fatigue and rising inventories of available homes. Las Vegas Home Price Growth Tops 20-City Home Price Index Las Vegas, Nevada topped the 20-City Home Price index with a year-over-year home price growth rate of 13.70 percent. Las Vegas…
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27 Sep 2018
By Aadil Nathoo

Fed Raises Key Interest Rate For 3rd Consecutive Time

Real Estate, ,
The Federal Open Market Committee of the Federal Reserve announced that it raised the target federal funds rate to a range of 2.00 percent to 2.25 percent. This was the third consecutive increase in the Fed's key interest rate and was the eighth time the Fed raised its key interest rate since 2015. In its customary post-meeting statement, Committee members cited strong economic conditions and continued labor market growth coupled with historically low unemployment rates as a basis for raising the federal funds interest rate. Fed Cites Steady Inflation, Healthy Household And Business Spending Further economic conditions cited in the…
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20 Sep 2018
By Aadil Nathoo

NAHB Housing Market Index Unchanged in September

Real Estate, ,
Home builder confidence in housing market conditions stayed flat in September. The National Association of Home Builders Housing Market Index reported an index reading of 67, which matched expectations and NAHB's housing market reading for August. Analysts cited recent tariffs on building materials as a significant cause of easing builder confidence. While NAHB called September's reading "solid" at 67, the reading was one full point lower than the average reading for 2017 and equaled the lowest builder confidence reading in 2018 to date. Readings over 50 in the Housing Market Index indicate that more builders than fewer are confident in…
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12 Sep 2018
By Aadil Nathoo

Real Estate Remains A Strong Wealth Management Investment

Real Estate, ,
A young long-haul trucker driver once took an elder's advice and invested all of his money into real estate. Even though he was seldom at home to enjoy the fruits of his labor, he hired a property management company to handle the properties. The advice that stuck with the driver was simple. "They're not making any more of it, land that is." In terms of growing personal wealth, the real estate market may fluctuate, interest rates change, and the GDP can bounce like a ball. But, land is permanent. That may seem like a simplistic view of wealth management. Maybe…
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