Archives for May 2016

New Survey Shows Retirees Want to Stay in Homes

An overwhelming number of people nearing or in retirement want to remain in their current home as long as possible, according to the results of a new survey released by The American College of Financial Services. The Home Equity and Retirement Income Planning Survey found that 83 percent of the respondents do not want to relocate in retirement. “One very interesting notion was that the desire to age in place increases significantly as you get older,” says survey author Jamie Hopkins, Professor of … [Read more...]

Fed Considering Rate Hike in June

According to recently released minutes, most of the Federal Reserve’s interest-rate committee members are ready to raise rates in June, so long as the economy continues to show spark. The financial community has been on the edge of their seats since rates ticked up in December, moving from 0.25 percent to 0.5 percent. Now, it looks like the next rate could be nearing. According to the minutes: “Most participants judged that if incoming data were consistent with economic growth picking up in the second … [Read more...]

Number of Contracts to Buy Homes at Highest Level Since May 2015

WASHINGTON -- More Americans signed contracts to buy homes in March as the spring home buying season got underway.  The National Association of Realtors said Wednesday that its seasonally adjusted pending home sales index rose 1.4 percent to 110.5, the highest level since May 2015. Pending sales rose 3.2 percent last month in the Northeast and 3 percent in the South. After rising sharply over the past three years, states in the West registered a 1.8 percent decline in pending home sales last month and a … [Read more...]