Home Ownership - Hey STOP... we're going the wrong way!

FYI... These are National Numbers.

Home Ownership has been dropping for the past 10 years and we are at a 27 year low.

This is frustrating.  Especially with our government implementing 

several new programs trying to grow home ownership.

Interest Rates are at all time lows. Home Prices are way down.

More and more people are Renting and Rents are on the Rise.

Why are we going in the wrong direction?

US Debt Clock - Mind Numbing Numbers...

Now this is Interesting!

I'm not sure what to say about this, other than 4 commas means trillion.

Our National debt is over $19 trillion the US Total Debt is almost $65 trillion.

Unfathomable....

On the right it shows US Population and US Work Force.

Less than 1/2 of our Population works.

Click on Image to see clock Live in Action.

You can put the cursor over a number and it will give you the definition. 

California Dreamin'... of Lower Taxes - in Nevada

The most common question we get as Realtor's is,

"What's going on with the Market?" 

In my opinion, all the signs say it's going up.

Here's one of them.

Nevada has seen a lot of people move here from California.

 Why...?

Median Home Prices - California $410,000 - Nevada $219,900

 State Income Tax Rates - CA 13.3% - NV none

State Business Tax - CA second worst in Nation - NV 3rd Best

Questionable Stock Market leads to Low Interest Rates

 When the Fed raised rates earlier this year, 

everyone thought that Mortgage Interest Rates would be going up.

That's not what's happening.

A questionable Stock Market has Interest Rates dropping fast.

This is going to be a contributing factor to a strong Real Estate Market in 2016

 If you have been on the fence, now might be the time, before rates....?