Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By Daily Wealth
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

U.S. New Home Prices Hit a Record High... What's Next?

Tuesday, May 31, 2016 6:06

% of readers think this story is Fact. Add your two cents.

This week, new home prices in America hit a record high…

The median new home price in the U.S. is now $321,000.

The record high grabs the headlines… but the housing story right now is even more powerful than the headline alone suggests.

For example, new house prices are up 9.7% since last month – the biggest increase since 1992. And a lot of the numbers in the report from the U.S. Department of Commerce showed the best numbers since the peak of the housing market in 2007-2008.

So… is the housing boom over? Did you miss out on all the gains?

No, and no…

In short, the case for housing hasn’t changed…

Mortgage rates are around 3.5% – near record lows. And the supply of new homes is low – there are enough to last 4.7 months at current sales levels. So the fundamental case for higher home prices is extremely solid. There’s plenty of upside.

Beyond these housing-specific numbers, the bigger issue is this: Your mattress pays no interest.

Mom and Pop America earn next-to-zero percent interest on their money in the bank…

You can’t retire on zero percent. You need to do something else with your money to live off of it in retirement.

Mom and Pop America need to buy a rental property and earn rent… or they need to buy dividend-paying stocks. Currently, they’re doing neither.

That needs to change… because their mattress isn’t about to start paying them interest.

Mom and Pop haven’t bought a rental property or stocks yet. But they will.

We might be getting in the later innings of this housing boom that has lasted from 2011 to 2016. But there’s still plenty of upside from here. There’s plenty of money to be made in housing and stocks.

Take advantage of it now before it’s too late…

Good investing,

Steve

Source: http://www.stansberryresearch.com/dailywealth/3281/u-s-new-home-prices-hit-a-record-high-what-s-next-

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,604,619,200
Stories:	8,134,587