THE GREAT WEALTH TRANSFER IS UNDER WAY, AND THE HOUSING MARKET STANDS TO BENEFIT IN A BIG WAY
What has been coined “The Great Wealth Transfer” is already underway; the Baby Boomer generation, those born between 1946 and 1964 (an estimated 73 million people), will all be 65 within 9 years. As the Transf...
Read Full PostLumber Futures Drop Drastically, Prospective Homebuyers Stand to Benefit
Much to the new construction industry’s dismay, the cost of one thousand board feet of lumber hit $1,670.50 on May 7, 2021 (a 400% increase since the COVID-19 crisis in April 2020). The cost of lumber adversely im...
Read Full PostMAY 2021 PENDING HOME SALES SIGNIFICANTLY HIGHER THAN APRIL 2021, BUT ECONOMISTS EXPECT PRICE GROWTH TO SLOW IN SECOND HALF OF THE YEAR
According to the National Association of Realtors (“NAR”) May 2021’s pending home sales (instances where a contract was signed for a previously-owned home, but had not closed) was 8% higher than April 2021; ...
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