There have been lots of trends (mostly good) in real estate this year.
Existing home sales have been mostly UP and exceeding expectations
New home sales are near a 12-year high
Interestingly, a statistic that can be seen as mostly positive (for certain suburbs) but partly negative (for certain major cities) is that the Millennials who are between the ages of 25 and 39 have shown interest in moving OUT of several major cities.
College is expensive. As with all expensive things, planning and talking through plans – even hopes and dreams – can make the situation more affordable in the long run.
Case in point: paying for college. Back in the 1960’s, 70’s and 80’s when a lot of the people reading this note went to college, college was mostly affordable depending on the choice of schools. The most expensive colleges and universities cost less than $15,000 or $20,000 per year (definitely, in the 1960’s and 1970’s). Although families still struggled to pay the cost for college in lots of cases.
As pockets of US East Coasters sit working and waiting out the nearly inevitable temporary loss of power due to Hurricane Dorian, I cannot help but partially relate this “wait” to a comment made recently by one of the Federal Reserve Bank Presidents. Back in August Robert Kaplan said the following about US trade policy and the markets,
“When you have this amount of uncertainty and this frequency of changes, my reaction as a businessperson is not to speed up – it’s actually a little bit to slow down the cadence of it and maybe take a little bit more time.”* Continue reading “Waiting Out the Storm (Not Dorian)”