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Comparing Home Prices To The Stock Market

Parker Scott Properties Blog Money
Parker Scott Properties Blog Money

Comparing Home Prices To The Stock Market

Because they are the two markets Americans are most likely to invest in, the stock market and housing market are often compared. Analysts and economists will break down the numbers in an effort to decipher which is the better long-term bet for your bottom line. Most recently, David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, took a look at the past several years and compared home price increases and the stock market rebound. “Since the last recession ended in June 2009, the stock market as measured by the S&P 500 rose 136 percent to the end of August while home prices are up 23 percent,” Blitzer said. “However, home prices did not reach bottom until February 2012, almost three years later. Using the 2012 date as the starting point, home prices are up 38 percent compared to 59 percent for stocks.” But, though stock market gains have outpaced price appreciation, real estate has an edge when comparing total value. In fact, Blitzer notes that Americans’ homes are valued at around $22.3 trillion, while the value of stocks and mutual funds is $21.2 trillion. More here.

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Most Homes Will Last More Than 100 Years

Most Homes Will Last More Than 100 Years

Everybody knows buying a house is a long-term commitment. After all, the typical mortgage is paid over 30 years and the typical home seller has been in their home for almost 10 years. In other words, homeownership isn’t for frequent movers or anyone with a strong case of wanderlust. But regardless of how long you stay in one place, you aren’t likely to outlast your house. That’s because most homes will last around 100 years, according to a new analysis from the National Association of Home Builders of numbers from the Department of Housing and Urban Development. In fact, just 0.59 percent of all housing units are lost each year. These homes are lost for various reasons – including demolition, disaster, conversions, mergers, and homes that are put to non-residential uses. And that rate is pretty consistent whether the home was built in 1983 or 1962. In fact, when broken down per decade, the annual loss rate is fairly steady, though it does accelerate to just over 1 percent for homes built before 1950. Overall, the data suggests most of the homes built recently will still be standing 100 years from now and, even if you bought a house built 40 years ago, it’ll likely still be standing strong in 2076. More here.

Parker Scott Properties Most Homes Will Last More Than 100 Years
Parker Scott Properties
Most Homes Will Last More Than 100 Years
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New Home Sales Up 30% Over Last Year

New Home Sales Up 30% Over Last Year

In September, new home sales were 29.8 percent higher than they were at the same time last year, according to new numbers from the U.S. Census Bureau and the Department of Housing and Urban Development. The data shows sales up 3.1 percent from the month before and at their second-highest level since the recovery began. That’s good news for the housing market because any increase in new home sales helps spur more new home construction, which raises for-sale inventory and moderates price increases on all homes up for sale. As it is, the median price of a new home sold in September was $313,500; the average sales price was $377,700. And, with the number of new homes for sale lower than the month before, prices will likely continue to rise in the near term. Still a more favorable labor market and low mortgage rates have helped balance higher prices and kept buyer demand high. As an example, economists and analysts predicted a sales decline for September, making the results both unexpected and a good indication that potential home buyers aren’t being deterred by higher prices. More here.

Parker Scott Properties Home Sales
Parker Scott Properties Home Sales
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Garage Data Shows Us Where We Park It

Having a car isn’t really a choice for a lot of Americans – and even some of us that are lucky enough to choose whether or not to have a car decide to have one. Put simply, cars are a fact of life for most us. So it comes as no surprise that an analysis of Census Bureau construction data done by the National Association of Home Builders found that an increasing number of new homes have garages and the size of those garages is also on the rise. For example, the share of homes with a three or more car garage jumped from 11 percent in 1992 to 20 percent in 2005. And, in the past decade, new homes built without a garage have become almost non-existent. Robert Dietz, NAHB’s chief economist and senior vice president for economics and housing policy, breaks down the numbers in a recent article. “For new single-family completions in 2015, 61 percent of homes offered a two-car garage,” Dietz writes. “Another 24 percent of homes possessed a garage large enough to hold three or more cars. Just 6 percent of newly-built homes had a one-car garage, and only 1 percent possessed a carport. Another 9 percent of new homes had no garage or carport.” Additionally, of the 9 percent of homes without a garage, 23 percent were townhomes. More Here

Parker Scott Properties Garage Data Shows Us Where We Park
Parker Scott Properties Garage Data Shows Us Where We Park
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Welcome To The Family!

Headshots Group Shot PRINT

Parker Scott Properties Welcomes The David Saba Realty Team to The Parker Scott Family!

We’re proud to welcome David Saba and his team to our agency of Top-Flight agents!

Realtor, David Saba has a great personality and an unquestionable work ethic. Saba’s knowledge of the West-Side, Pooler, Skidaway Island Communities and real estate sets the bar high. Our agents are enjoying teaming up with our new real estate family members sharing and collaborating.

Realtor Brian J Gros, Buyers Agent spent 10 years serving his country in the service, and he continues to serve, only now it’s with homebuyers and investors! He is excited to join the ranks of an organization where technology and traditional real estate have been combined to deliver the best tools and mechanisms for our agents.

Realtor Tannura Thomas, Buyers Agent has seen it all as a property manager and now she is ready to set sail in PSP’s sales division! Thomas embraces the Parker Scott concept “energy breeds activity and people are drawn to energy and excitement.”

Wanda Williams, Administrative Assistant works tirelessly to organizes and coordinate the daily task for Saba’s team. Williams upholds the company credence that learning from others, teamwork and collaboration are a critical part of development and at Parker Scott our goal is to enhance our agents so they can be the best advisors to their clients.

Join us in welcoming Saba and his team to Parker Scott Properties!

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End of Summer Tee Shirt Meet Up

Tee shirt event

Parker Scott Properties Tee shirt Meet Up Was a Testimonial to PSP’s Teamwork; A Real Estate Family with Good Core Values, Professionalism, Hard Work & Smart Thinking!

Thank To Our PSP Team for an Evening of Relaxing & Mingling & a Fantastic Season!

Congratulation to our Tee Shirt Winners! Julia Hoffmann, Patty Zettler, and guest Jennifer Campbell!

Training to Empower Our Agents to Realize Their Dreams & Have the Tools Necessary to Achieve Their Goals!

https://www.facebook.com/events/587280234778082/  Wednesday, August 24 at 5 PM – 8 PM

Bring or better yet WEAR a T-shirt with an interesting design, memory or story!
Bring or better yet WEAR a T-shirt with an interesting design, memory or story!

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