Up-To-Date Market Week

Jun 21, 2021 10:19:52 AM
written by The Retirement Group

The Markets (as of market close June 18, 2021)

Stocks opened the week with mixed returns: The Dow, the Russell 2000, and the Global Dow lost value, while the Nasdaq and the S&P 500 rose. Tech shares and consumer services closed higher, while financials and materials fell. Anticipating the Federal Open Market Committee meeting later in the week, investors may have been waiting for cues from the FOMC on its inflation outlook. Yields on 10-year Treasuries advanced. Crude oil prices pushed passed $71.00 per barrel. The dollar was mixed to lower.

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posted in Financial Planning, Lump Sum, Pension

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. 


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Market Month: May 2021

Jun 2, 2021 3:34:00 PM
written by The Retirement Group

 

The Markets (as of market close May 28, 2021)
Stocks were volatile in May, likely a reflection of strength in the U.S. economy as well as concerns about inflation and the timing of when the Federal Reserve might begin to taper its accommodative policies. Regarding inflation, members of the Federal Open Market Committee acknowledged that prices may run higher than the 2.0% target set by the Committee due to transitory supply-chain bottlenecks, which are expected to fade.


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Debt Profile of Older Americans

Jun 2, 2021 12:15:00 PM
written by The Retirement Group


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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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Crisis Averted? Financial Help for Struggling Renters and Landlords

Jun 2, 2021 10:19:42 AM
written by The Retirement Group

 

By one estimate, U.S. landlords were owed about $57 billion in unpaid back rent at the beginning of 2021. The average household that fell behind owed about four months of rent, or $5,600. Altogether, more than 10 million U.S. families were facing the possibility of eviction.[1]


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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, active listing prices grew an average of 7.4% in May 2021 compared with May 2020, lower than the housing price appreciation of 11.6% in April. This brings back the concern that we are in another 2007 housing bubble. 


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Retirement Confidence Remains Strong, Despite Pandemic

May 19, 2021 4:34:28 PM
written by The Retirement Group

 

Despite the economic shock of the coronavirus pandemic, American workers and retirees remain largely optimistic about their financial prospects for retirement.

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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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American Familes Plan Would Provide Benefits for Some, More Taxes for Others

May 18, 2021 1:08:04 PM
written by The Retirement Group

On April 28, 2021, the White House released a fact sheet for President Biden's American Families Plan (AFP), which proposes about $1 trillion in investments and $800 billion in tax cuts. There would also be tax increases for those making more than $400,000 per year. Major provisions proposed in the plan are summarized here, including some tax provisions.


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