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Retire On Purpose, With Purpose

 
When it comes to managing your retirement, a small mistake can cause a major loss of capital. That is why it's important to speak with a financial advisor who is familiar with your Company's benefits. Schedule a call today..  
 
 
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John Jastremski


Recent Posts

The Housing Market & Your AT&T Retirement

Jun 22, 2021 3:43:38 PM
written by John Jastremski

 

The housing market has been on fire recently and many AT&T employees are becoming concerned we may be in the midst of another housing bubble. The Retirement Group has many clients who work for AT&T, and a significant amount of them are considering retiring in 2021 because they can downsize their home and use their increased equity for retirement.


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5 Reasons a Housing Market Crash is Unlikely

Jun 17, 2021 3:43:54 PM
written by John Jastremski

The housing market has been on fire recently and many Americans are becoming concerned we may be in the midst of another housing bubble. The Retirement Group has many clients who work for major corporations like AT&T, ExxonMobil, Chevron & Kaiser Permanente, and a significant amount of them are considering retiring in 2021 because they can downsize their home and use their increased equity for retirement. Oftentimes employees nearing retirement age are especially anxious about the housing market as much of their net worth is tied to the value of their home. There are several benefits to retiring in 2021, especially for AT&T employees. At AT&T they can lock in their healthcare subsidy, capitalize on low interest rates for their lump-sum, and receive great value for their home. However, there is a growing concern that the housing market will take a turn for the worse and homeowners will lose value on their current assets. 


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How Current Housing Demand Compares to 2007

Jun 2, 2021 10:30:00 AM
written by John Jastremski

Housing Demand

Housing Demand can be best explained with the two phrases "4 + 4" and “big is back”. Sellers are seeing 4 offers in 4 days. According to real-estate provider Showing Time, there were 10 home showings on average per active listing in 129 markets in March by high credit score borrowers, with sizable down payments. This is the exact opposite of the subprime housing boom. Buyers are leaving the cities and going big with more square footage. According to the 2021 Coldwell Banker Survey, more square footage was the number one amenity buyers wanted in 2021. Demand for homes over 5,000 square feet jumped 17% nationally.


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Retiring & Worried About a Housing Crash?

May 28, 2021 3:37:00 PM
written by John Jastremski

 

The real estate market has been appreciating through the pandemic and homeowners became $2 trillion richer in the first three months of 2021.  When drilling down to the largest metropolitan areas in the country, the 10-city composite  home prices in May increased 16.4% year over year, from 14.5% the previous month according to the S&P CoreLogic Case-Shiller Index(See Figure 1a).  Phoenix, San Diego and Seattle reported the highest year-over-year gains This brings back the big concern that we are in another 2007 housing bubble. 


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Reproduction Costs for Homes is Increasing, Raising Property Values

May 19, 2021 6:16:00 AM
written by John Jastremski

Replacement/Reproduction Costs

Replacement/Reproduction Costs are rising as government regulation and permit processes make it more expensive buying land and more expensive to build. Inflation is hitting wages as builders cannot find enough workers, forcing builders to now pay 40% more than in 2019.


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Trends Indicate Increased Housing Affordability

May 17, 2021 6:12:00 AM
written by John Jastremski


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How the Current Housing Supply Compares to 2007

May 6, 2021 6:09:00 AM
written by John Jastremski


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Home Equity and the Housing Market

May 1, 2021 6:25:00 AM
written by John Jastremski


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