Retirement & The Economy

economy
Baby boomers and stock values Retirees selling stocks at a higher rate than younger investors are buying puts downward price-pressure on market. Federal Reserve Economists are questioning the effect of retirement age baby-boomers on stock values. Economists trace stock market gains in the 1980’s to baby-boomers preparing for retirement and now believe that the trend will reverse as retirement-age boomers sell stock to cover expenses. Tracking the boomers’ effect on the economy has predicted market action in the past with foretold increases in consumer spending in the 1990’s as the boomer generation entered their most productive wage-earning years. And, as in the 1980’s, the 90’s were a time when boomers also put money into Stocks, Bonds and Mutual Funds. Now that the boomers are retiring it seems a foregone conclusion…
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Fewer New Homes Built

economy, Portland Home Values
National Housing Update July marked a slowing of construction of new homes; dropping from already low levels. The Commerce Dept. stated on Tuesday that housing starts were down by 1.5% to an annual volume of only 604,000 units (seasonally adjusted). It should be noted that this was in line with Commerce Dept. estimates. The current rate of 604,000 annual units is roughly fifty percent of what economists claim is necessary to maintain a healthy housing market. Housing Recovery Not Picking Up "There is still no sign yet of a pickup in housing," says Patrick Newport (economist at IHS Global Insight as quoted on MSNBC News). With weak employment cited as a major contributing factor for housing lackluster performance. Distressed properties like short sales and Foreclosures are lowering demand for new…
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National Politics Affect Consumer Confidence

economy
Recent Surveys Show Consumer Confidence Near Record Low Early August market the lowest level of Consumer Sentiment in over 30 years; according to a recent article on MSNBC News. Combined with an increase in consumer spending in the first part of July, the current economic situation is certainly far from simple. With Wall Street and the overall state of the economy tied to the housing market; many are uncertain how mortgage rates will be affected by this. Pundits point to the sharp debate amongst members of Congress over budget deficits and rumors of a Federal Debt Default as likely culprits for late July and early August's drastic upheaval in stocks and the general US economy. Thomson Reuters/University of Michigan conducted the survey of Consumer Sentiment and also reported that survey…
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Closed Deals | Economy and Housing Sector

Portland Real Estate Market
Closed Real Estate Deals in Portland Oregon Today we're sharing some of our valuable housing market data with the public. This information is usually only available to industry professionals but we want to make sure our clients are well-informed and up to date on this ever-changing landscape that is the Local Housing Market. This data is derived from the RMLS market report from May, 2010 and shows all sorts of interesting facts about Portland Real Estate Listings and More! [caption id="attachment_494" align="aligncenter" width="581" caption="Closed Deals And the Residential Housing Sector"][/caption] When we compared January-May 2010 with the same period in 2009, we found that closed transactions increased 42.7%. Pending deals also rose by 28.3% and new listings went up 10.4%. See the graphs and visual aids below and don't forget…
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Portland Housing Market Update

Portland Real Estate Market
Portland Oregon Realtors When industry professionals examine the economy of the housing sector; we often use a measurement known as "Inventory In Months". Basically, Inventory in Months is the total of home on the real estate market divided by the number of closed homes for sale transaction for a monthly period... The resulting number shows a measurement of real estate Supply & Demand. The idea is that inventory in months will tell you how long it would take to sell all of the homes for sale at today's sales volume. Basic supply and demand; supply is all of the available residential properties and Demand being the number of homes that buyers have purchased. Home Values | Local Economic Outlook [caption id="attachment_478" align="aligncenter" width="581" caption="Graph of Closed Portland Real Estate Transactions"][/caption]…
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