Tami Spaulding
Displaying blog entries 31-40 of 88
Announcing a calendar to find ALL the arts and culture in Fort Collins,
365 days - and nights - of the year.
ArtBeetFC.com - Fort Collins Culture Calendar (Presented by Beet Street)
The National Association of Realtor's Chief Economist Dr. Lawrence Yun visited The Group's Harmony office on November 17, 2010 and made a presentation of the state of the local and national real estate markets. Dr. Yun has been recognized as one of the top 10 economic forecasters in the country. Here are some highlights from his presentation:
* Because of a diverse economy the Northern Colorado region is positioned well for job growth. Although employment in the United States is the same as 10 years ago, and employment in Colorado is the same as 10 years ago, employment in Fort Collins is higher than 10 years ago.
* Real Estate markets in college towns like Greeley and Fort Collins are positioned well for the next twenty years because of the size of Generation Y and the increasing percentage of high school students who are choosing to attend college.
The Group Inc. Real Estate Insider. The Strength of the Colorado and Northern Colorado Markets. Volume 34, No. 12. December 2010.
The National Association of Realtor's Chief Economist Dr. Lawrence Yun visited The Group's Harmony office on November 17, 2010 and made a presentation of the state of the local and national real estate markets. Dr. Yun has been recognized as one of the top 10 economic forecasters in the country. Here are some highlights from his presentation:
* For the last 30 years, Colorado has been a leader in the nation for job creation.
* Colorado also is a lender for in-migration. The data consistently shows that Colorado is a desirable place to live.
* Foreclosure rates in Colorado are running at about half the rate of the rest of the United States.
* Colorado had a mini real estate bubble in 2001, which caused a small contraction in 2003 and 2004. This contraction helped real estate growth at a more sustainable pace here while the rest of the country was beginning the boom and bust cycle.
The Group Inc. Insider. The Strength of the Colorado and Northern Colorado Markets. Volume 34, No. 12. December 2010.
John Paulson has advised investors before John to consider putting money in gold, but his advice got louder and more specific during a recent speech in New York City, both on buying gold and buying a home.
“If you don’t own a home, buy one,” Paulson said, “If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.”
The pressing rationale to buy a house now? Home buyers’ debt and interest payments get locked in at record lows, while the price of homes rise, Paulson says.
Paulson also turned up the volume on his gold-buying advice.
Bloomberg News reports today that gold rose to a record for the eighth time in two weeks as the dollar dropped to the lowest level since early February, boosting investor demand, with prices jumping to an all-time high of $1,311.80 an ounce on the Comex in New York.
InfoWars reports Paulson saying in that same speech that he believes gold could go to $2,400 an ounce, and maybe as high as $4,000 an ounce with the potential to double one’s investment if investing now. (The Australian weighs the merits of investing in gold directly, or through gold stocks.)
At the same time, billionaire financier George Soros warned investors about an impending gold bubble:
Soros repeated his warning [that] gold is locked in the “ultimate bubble”, and told investors bluntly it was “certainly not safe” in troubled times. Soros was simply repeating a warning he issued at the World Economic Forum (WEF) in February. But while Soros himself warned gold was in a bubble, his hedge fund, Soros Fund Management LLC was one of the biggest gold bulls of the year, doubling its holding of shares in the SPDR Gold Trust at about the same time he was issuing his warning at the WEF in Davos. (Reuters)
So, there you have it, folks: Team Paulson vs. Team Soros.
Which team are you on?
2010 Forbes.com. Urgent Advice From Billionaire John Paulson: ‘Buy A House and Gold’. September 29, 2010.
* A record 30% of men have earned a bachelor's degree or higher, versus 29% of women, also a record. This compares to a combined 7.7% in 1960. A record 85% of adults over age 25 now have at least a high school diploma, versus 24% in 1940.
* The U.S. role of dominance in the global economy during the past decade was a clear-cut as at any time since the 1950s.
The Group Inc. Real Estate. Numerous reasons for Happy Talk. Volume 34 No. 11.
* U.S. exports to China have risen roughly 24% per year since 2001, making China the fastest growing market for U.S. goods.
* Women now make up a record 46% of global MBA candidates. More than 70% of students surveyed name the U.S. as the top MBA study destination.
* Average U.S. life expectancy has reached 78 years (men 75, women 85), the highest ever. This compares to 76 years in 1995, 68 years in 1950, and 47 years in 1900.
The Group Inc. Real Estate Insider. Numerous reasons for Happy Talk. Volume 34, No. 11
* The value of a university education for American men and women in terms of future earnings power is nearly twice that of those in the average rich nation.
* The U.S. accounted for nearly one-third of the $1.1 trillion spent globally on research and development in the latest data available.
* Roughly 47% of science and engineering degrees of those ages 25 to 39 are held by women, compared with 21% among those 65 and older.
The Group Real Estate Insider. Numerous reasons for Happy Talk. Volume 34, No. 11
Highlights of November's Happy Talk include:
* Economic output of the average American worker is 10 times that in China. Americans won 30 Nobel prizes in science and economics during the past 5 years. China?...just one.
* Roughly half of the 50 states have added jobs during the most recent 12-month period. Formerly, every state had dealt with recession at some point during the past three years.
* Conventional 30-year fixed-rate mortgages have averaged 4.26% in recent weeks, the lowest level in nearly 50 years.
The Group Insider. Numerous reasons for Happy Talk. Volume 34. No. 11
This may be harmonic convergence for real estate investors. Multiple factors have coincided to make the current market ideal for anyone looking to expand their investment holdings. Most notably, those factors are:
Don't be sad if you didn't get to take advantage of the $8,000.00 first time homebuyer or the $6,500.00 existing homeowner tax credits.
If you purchased a $250,000 home on April 30th of this year, the day the tax credit expired, your monthly payment would have been $1,058.00 based on interest at that time of 4.875%. At today's rates of 4.25%, you could purchase a $270,000 home -worth $20,000 more - for $1,062.00 per month (both examples assume a 20% down payment).
The purchasing power of today's interest rates have exceeded the benefit of the Homebuyer Tax Credit.
Displaying blog entries 31-40 of 88
