All Posts Tagged With: "wealth"
How America got its first Christmas tree
Christmas trees now sparkle in millions of homes, but did you ever wonder how the tradition began? No doubt there are several stories regarding the start of this custom, and here’s one I’d like to pass along. “It’s now been more than 150 years since Professor Charles Minnigerode decorated Williamsburg’s first Christmas tree,” says Robert [...]
23Dec2011 | Peter G. Miller | 0 comments | Continued
Good To Be Rich, Millionaire Wealth To Double In Next Decade
Millionaires are going to do pretty well in the next decade. According to a report from the Deloitte Center for Financial Services, the total wealth of millionaire households in 25 major economies is likely to grow from $92 trillion in 2011 to $202 trillion in 2020. The fate of millionaires, of course, is a major [...]
16May2011 | Peter G. Miller | 0 comments | Continued
Real Estate Seer: Renting In, Mortgages & Foreclosures Out
In the decades since World War II real estate prices rose with enormous consistency but now the oomph is gone. Most people are better off renting than owning, says Patrick Killelea. For him, and for millions of others, the path to financial security no longer includes real estate ownership, mortgages or the possibility of foreclosure. [...]
15Feb2011 | Peter G. Miller | 10 comments | Continued
Home prices dip, mortgage loan debt falls 2.5% yet households gain $1.2 trillion in new wealth
Despite massive unemployment and falling home prices, Americans have actually become more wealthy. Huh? Are your kidding me? According to the Federal Housing Finance Agency (FHFA), home prices in the third quarter fell by 3.2 percent from a year earlier. At the same time, the Federal Reserve says that in the third quarter America’s personal [...]
14Dec2010 | Caroline H. Tucker | 0 comments | Continued
Inflation, Deflation, Mortgages & Wealth
Freddie Mac’s weekly mortgage rate survey shows that the average 30-year fixed-rate mortgage (FRM) was priced at 5.59% with .7 points. This is a huge jump from last week when the rate stood at 5.29 percent and a vast leap when compared with the rate for the week of May 21st: 4.82%. Higher rates are [...]
12Jun2009 | Peter G. Miller | 0 comments | Continued
Realty Profits Understated — As Usual
I sometimes see headlines which tell us how various assets will appreciate, say a comment that real estate values will go up 3 to 5 or 7 percent next year. Why am I discomforted with such numbers and predictions? There are two reasons, actually. First, I’m not sure how anyone can predict tomorrow’s home appreciation, [...]
16Sep2008 | Peter G. Miller | 0 comments | Continued
Secrets of Real Estate Wealth Revealed By Masters
Real estate and real wealth have been a natural combination ever since someone wanted the best cave in the valley. Even at a time when the stock market has soured to historic highs, real estate remains the bedrock of some of the largest fortunes in America. My interest in real estate and money began in [...]
10Sep2008 | Peter G. Miller | 0 comments | Continued
Money & Houses: A Time For Perspective
The rising tide of Wall Street wealth seen in the past few years has no doubt powered the terrific real estate market we have all come to enjoy. And yet, if you’re in real estate, you have to wonder if the current wealth-building process actually holds down home ownership levels and thus brokerage opportunities. The [...]
6Sep2008 | Peter G. Miller | 0 comments | Continued
How is real wealth created in real estate?
In real estate, and with other investments, it is not enough for values to increase over time. The reason is that we measure the value of goods in cash. The catch is that when inflation strikes, individual dollars buy less. Seen another way, it takes more dollars to buy a given item, thus prices appear [...]
1Sep2008 | Peter G. Miller | 0 comments | Continued
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