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One Hour in the Real Estate Market

We recently changed our clocks in recognition of daylight savings time. For many people, adjusting to the new schedule can be cumbersome, particularly when we spring forward because we “lose” an hour of sleep. Anyone who has had small children in their life knows the struggle this poses all too well. There are a lot of activities in a day, and an hour of displacement can throw a wrench in the works. We’re halfway through the week now, so hopefully everyone has hit a rhythm on the new schedule. Did you know how much activity takes place in the housing market across the country each day? Much like this post on an hour in the housing market, we’ll lay out some of the numbers, but this time we’ll reference the previous numbers too. If you’re an advocate for the US housing market or a homeowner, you’ll like the direct comparison… At this time …

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Builder Confidence Highest in 11 Years

In a recent Ask the Economist article in DSNews, Robert Dietz, Ph.D. was featured, and he discussed multiple factors contributing to builder confidence in the real estate world – and he has the data to back it up. Dietz is Chief Economist and Senior Vice President for the National Association of Home Builders (NAHB). When asked to comment on the NAHB’s housing market index reflecting an 11-year high in builder confidence, Dietz said that builders are optimistic about the prospect of less regulation after the election. “One of the key concerns is the rise in regulatory burdens that adds to the baseline cost of a home. Earlier this year, NAHB released a paper that estimated that regulatory costs associated with land development and residential construction have increased 29 percent over the last five years and make up nearly a quarter of a home’s final sales price.” While it’s really just speculation at …

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The Connection Between Home Prices & Family Wealth

Home ownership has long been associated with individual wealth. In fact, there are few endeavors an individual can undertake that have as drastic an impact on your net worth as owning real estate. In this blog post, Brandon Turner of BiggerPockets.com lists four ways real estate can help you create some serious net worth.

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Existing Home Sales Reach 10-Year High

According to data provided by the National Association of REALTORS, sales of existing homes across the country have hit the highest point since 2007. In the West, Northeast, and South, this portion of the real estate market has seen month over month as well as year over year gains. This has been a trend for a while, and we’ve written about the potential bull market real estate in the past. This just solidifies the previous speculations. Key Points:  Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million. January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900. NAR’s Chief Economist, Lawrence Yun had this to say, “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to …