Blog :: 10-2014

Vacation Home Market Growing!!

The sales of vacation homes skyrocketed last year. A recent study also revealed that 25% of those surveyed said theyd likely buy a second home, such as a vacation or beach house, to use during retirement. For many Baby Boomers, the idea of finally purchasing that vacation home (that they may eventually use in retirement) makes more and more sense as the economy improves and the housing market recovers.

If your family is thinking about purchasing that second home, now may be the perfect time. Prices are still great. If you decide to lease the property until youre ready to occupy it full time, the rental market in most areas is very strong. And you can still get a great mortgage interest rate.

If you are looking to escape the summer heat, call us today about finding your perfect mountain estate or cottage. We have a wonderful selection of vacation homes in the greater Highlands, Cashiers, Sapphire, Lake Glenville, and Lake Toxaway area. Call us today at 828-743-1999, or email us at info@ncliving.com.

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    Home Sales Hit Highest Level of the Year

    The National Association of Realtors (NAR) released their Existing Home Sales Report earlier this week. The report revealed that sales bounced back in September to their highest annual pace of the year. As the chart below shows, after a very slow start at the beginning of the year, residential home sales have been increasing nicely.

    Home Sales Hit Highest Levels of 2014 | Keeping Current Matters

    Billionaire Says Real Estate is Best Investment Possible

    Billionaire money manager John Paulson was interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated:

    "I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you're the owner-occupier of.

    Who is John Paulson?

    Paulson is the person who, back in 2005 & 2006, made a fortune betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell. What do others think of Paulson?

    According to Forbes, John Paulson is:

    A multibillionaire hedge fund operator and the investment genius.

    According to the Wall Street Journal, Paulson is:

    A hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.

    Why does he believe homeownership is such a great investment?

    Paulson breaks down the math of homeownership as an investment:

    "Today financing costs are extraordinarily low. You can get a 30-year mortgage somewhere around 4.5 percent. And if you put down, let's say, 10 percent and the house is up 5 percent, which is the latest data, then you would be up 50 percent on your investment."

    How many are seeing a 50% return on a cash investment right now?

    Bottom Line

    Whenever a billionaire gives investment advice, people usually clamor to hear it. This billionaire gave simple advice if you dont yet live in your own home, go buy one.

    Provided by: KCM