market report for lake forest and daphne: Prices up for new homes, flat for existing on Eastern Shore
- 01/10/17 02:57 PM
U.S. home prices hit a new peak in October, according to monthly figures, though the data-provider warned that the pace of growth cannot continue forever. -- CNBC report Dec. 27, 2016, on the S&P/Case-Shiller U.S. National Home Price Index The average price of a home sold on the Eastern Shore of the Mobile, Ala., metro area in 2016 was $272,840; the median, $237,207. That’s fairly pricy, considering Zillow reports that the median home price in Alabama in 2016 was $171,500. At the moment, the cheapest brand new home on the Eastern Shore is $179,000, while the cheapest new home for sale in the city of Mobile … (1 comments)
market report for lake forest and daphne: Wealth, Risk and Change: How We Got to Where We Are
- 10/21/07 12:29 PM
Frequently someone asks: "Where is all the money coming from to buy these high-priced houses? You can't tell me we've got a bunch of people making $300,000 a year." No, I don't know what these people earn. But I can tell you where the money is coming from, what the risks are and why change is an inevitable but frequently ignored factor in home buying. High-end home buyers generally have several sources of money, if they are not making a gazillion dollars to start with. Inheritance: These buyers often don't come from what we'd think of as moneyed families. They … (0 comments)
U.S. home prices hit a new peak in October, according to monthly figures, though the data-provider warned that the pace of growth cannot continue forever.
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