Do Boomers Hold the Key to Rescuing Our Troubled Economy?
By ecolin • Oct 15th, 2008 •
Ladies and gentlemen, they just might. Baby Boomers’ innovation, experience, expertise, and vast network of contacts may be the order of the day when it comes to breathing some life into our faltering national finances. How, you ask? Why, through the wonders of entrepreneurship, of course.
Americans Believe Entrepreneurship is the Answer
A recent poll conducted by the Kauffman Foundation for Entrepreneurship found that 56% of Americans believe that small business, rather than government, will lead us out of financial crisis and into stability. Over 70% of those surveyed believe that the vitality of the economy is dependent on the achievement of entrepreneurs, and 80% believe that the government should devote resources to encouraging entrepreneurship on a national scale. And who better to start a business than the ever-savvy, well-connected Boomers, who already constitute a disproportionately high number of the country’s self-employed workers? They’ve got some time on their hands, a wealth of knowledge, and a career’s worth of networking behind them…and now they’ve got the support of the U.S. Small Business Association, as well.
U.S. SBA Launches Website Dedicated to the 50+ Entrepreneur
This month, the SBA formally demonstrated its support by launching a website dedicated to the 50+ entrepreneur. Here Boomers can find everything they need to get their new venture off the ground: free online training, interactive communication tools, marketing support, advice on how to assess their readiness and get started, and more. It’s all online at http://www.sba.gov/50plusentrepreneur/
Read the whole article on Ideal-Living.com
http://www.ideal-living.com/442/do-boomers-hold-the-key-to-rescuing-our-troubled-economy
Latest News and Opinion About Real Estate Around The USA.
Showing posts with label Baby Boomers. Show all posts
Showing posts with label Baby Boomers. Show all posts
Saturday, January 31, 2009
Friday, September 19, 2008
Moving Can be a Taxing Decision
Moving Can be a Taxing Decision
By James O. Armstrong
So, what motivates employees to move during retirement? While there may be other factors, this list covers a number of the considerations many of our fellow baby boomers and others consider important in making such a decision.
First, we may decide to move because a specific job offer emerges from either the private or public sector. This offer to someone in greater demand could also include a future independent contractor status or registration with a speaker's bureau or talent agency, for example. Or, it may include starting your own business or even buying a franchise with an established business plan and strategy to pursue.
Second, we may decide to move because of family considerations, which range from aging parents to relocating so that we can be closer to our children and grandchildren. In fact, a number of my daughter's closest young adult friends in Greater St. Louis have talked about their parents taking precisely this step recently. By the way, this observation includes the movement of grandparents to the St. Louis area, who have never before lived in that region.
Third, men and women also choose to move to a more exciting part of the US or they may choose to live abroad, which an increasing number of Americans are now deciding to do. For example, a fellow baby boomer web entrepreneur, Ann Fry, decided to move from Austin, TX to New York City over the past year and she has never looked back on her decision. The 62 year old Ann runs a successful web site plus works as a motivational speaker and career coach. So, part of her relocation formula has included an upsurge in her speaking engagements and coaching assignments, especially since she moved to New York, despite the warnings of doom and lack of success from her Austin, Texas-based friends.
Fourth, other men and women choose to move to a different part of the US especially for tax reasons. But, of course, the question, which quickly emerges in this complex set of variables is "which taxes?" Many of us no doubt already know Texas or Florida (part-time) citizens, who have emigrated to these states because neither levies a state income tax. Of course, the winning formula is that "they" actually live in their adopted states for one-half of the year plus one day.
But, did you know that there are actually a total of seven states with no income tax as follows: (1) Alaska, (2) Florida, of course, (3) Nevada, (4) South Dakota, (5) Texas, (6) Washington and (7) Wyoming. In addition, New Hampshire and Tennessee only tax interest and dividends.
Likewise, it should be clearly said that a total of 26 states plus the District of Columbia do not tax Social Security benefits. IMPORTANT: Our web site, www.NowWhatJobs.net, is against any states taxing Social Security income. From our standpoint, because of the current and coming labor shortages and especially because of the current skills shortages, our society cannot afford to do anything, which has the net effect of discouraging men and women from continuing to work in America.
Finally, other men and women will factor some or all of these issues into consideration, when deciding where and when to move in our society. In the final analysis, even local sales taxes and property taxes can and should enter into this equation. For example, the City of Chicago recently passed an incredibly high local sales tax, which put this great city at or near the top of local sales taxes in the whole US among major cities. Of course, this consideration only becomes important when someone wants to buy something, whatever that may be.
To tax or not to tax -- that will indeed be the question for state and local governments in the future in the US and elsewhere, as a wave of baby boomers begin to consider all of their relocation factors and options. "Yes," state and local governments would like the bank deposits, which provide the necessary capital needed for consumer loans and local businesses to expand and create even more jobs in that area. "Yes," state and local governments would also like men and women, who will not be adding to the local student population in our nation's public schools, but who will never the less be adding to the local property tax base. "Yes," state and local governments would also like to have men and women, who are creditworthy and who have a greater equity position in their homes move into the community.
But, what if anything are these state and local governments willing to do in order to court "our" favor, you might logically ask? This writer submits to you that the answer to this question will cause state and local governments around the US to make a whole series of different decisions, both now and in the near future, in order to demonstrate "their friendliness" to my fellow baby boomers, who are 78 million strong just in the US.
JAMES O. ARMSTRONG BIOGRAPHY
James O. Armstrong, President of NowWhatJobs.net, Inc., http://www.nowwhatjobs.net, also serves as the Editor of NowWhatJobs.net. NowWhatJobs.net is the resource for job and career transitions for workers 40 years old and over, Baby Boomers and Active Seniors. Read NowWhatJobs.net for skills training, relocation options, job opportunities and much more. In addition, James is the author of "Now What? Discovering Your New Life and Career After 50" and the President of James Armstrong & Associates, Inc., a media representation firm based in Suburban Chicago.
By James O. Armstrong
So, what motivates employees to move during retirement? While there may be other factors, this list covers a number of the considerations many of our fellow baby boomers and others consider important in making such a decision.
First, we may decide to move because a specific job offer emerges from either the private or public sector. This offer to someone in greater demand could also include a future independent contractor status or registration with a speaker's bureau or talent agency, for example. Or, it may include starting your own business or even buying a franchise with an established business plan and strategy to pursue.
Second, we may decide to move because of family considerations, which range from aging parents to relocating so that we can be closer to our children and grandchildren. In fact, a number of my daughter's closest young adult friends in Greater St. Louis have talked about their parents taking precisely this step recently. By the way, this observation includes the movement of grandparents to the St. Louis area, who have never before lived in that region.
Third, men and women also choose to move to a more exciting part of the US or they may choose to live abroad, which an increasing number of Americans are now deciding to do. For example, a fellow baby boomer web entrepreneur, Ann Fry, decided to move from Austin, TX to New York City over the past year and she has never looked back on her decision. The 62 year old Ann runs a successful web site plus works as a motivational speaker and career coach. So, part of her relocation formula has included an upsurge in her speaking engagements and coaching assignments, especially since she moved to New York, despite the warnings of doom and lack of success from her Austin, Texas-based friends.
Fourth, other men and women choose to move to a different part of the US especially for tax reasons. But, of course, the question, which quickly emerges in this complex set of variables is "which taxes?" Many of us no doubt already know Texas or Florida (part-time) citizens, who have emigrated to these states because neither levies a state income tax. Of course, the winning formula is that "they" actually live in their adopted states for one-half of the year plus one day.
But, did you know that there are actually a total of seven states with no income tax as follows: (1) Alaska, (2) Florida, of course, (3) Nevada, (4) South Dakota, (5) Texas, (6) Washington and (7) Wyoming. In addition, New Hampshire and Tennessee only tax interest and dividends.
Likewise, it should be clearly said that a total of 26 states plus the District of Columbia do not tax Social Security benefits. IMPORTANT: Our web site, www.NowWhatJobs.net, is against any states taxing Social Security income. From our standpoint, because of the current and coming labor shortages and especially because of the current skills shortages, our society cannot afford to do anything, which has the net effect of discouraging men and women from continuing to work in America.
Finally, other men and women will factor some or all of these issues into consideration, when deciding where and when to move in our society. In the final analysis, even local sales taxes and property taxes can and should enter into this equation. For example, the City of Chicago recently passed an incredibly high local sales tax, which put this great city at or near the top of local sales taxes in the whole US among major cities. Of course, this consideration only becomes important when someone wants to buy something, whatever that may be.
To tax or not to tax -- that will indeed be the question for state and local governments in the future in the US and elsewhere, as a wave of baby boomers begin to consider all of their relocation factors and options. "Yes," state and local governments would like the bank deposits, which provide the necessary capital needed for consumer loans and local businesses to expand and create even more jobs in that area. "Yes," state and local governments would also like men and women, who will not be adding to the local student population in our nation's public schools, but who will never the less be adding to the local property tax base. "Yes," state and local governments would also like to have men and women, who are creditworthy and who have a greater equity position in their homes move into the community.
But, what if anything are these state and local governments willing to do in order to court "our" favor, you might logically ask? This writer submits to you that the answer to this question will cause state and local governments around the US to make a whole series of different decisions, both now and in the near future, in order to demonstrate "their friendliness" to my fellow baby boomers, who are 78 million strong just in the US.
JAMES O. ARMSTRONG BIOGRAPHY
James O. Armstrong, President of NowWhatJobs.net, Inc., http://www.nowwhatjobs.net, also serves as the Editor of NowWhatJobs.net. NowWhatJobs.net is the resource for job and career transitions for workers 40 years old and over, Baby Boomers and Active Seniors. Read NowWhatJobs.net for skills training, relocation options, job opportunities and much more. In addition, James is the author of "Now What? Discovering Your New Life and Career After 50" and the President of James Armstrong & Associates, Inc., a media representation firm based in Suburban Chicago.
Saturday, May 5, 2007
Where the Millionaires Live
Where the Millionaires Live
The number of U.S. millionaire households has risen to a record high
of 9.3 million as of mid-2006, up 5 percent from 2005, according to
TNS Global's annual Affluent Market Research Program.
The millionaires' mean net worth, not including their primary
residence, is $2,167,167 with investable assets of $1,442,841. Their
median age is 58 and 45 percent are retired.
Forty-six percent of millionaire households own investment real
estate such as a second home, third home, rental properties, and
undeveloped land. Thirty-four percent have a first mortgage on these
residences and 25 percent have second mortgages on these additional
residences.
The TNS study identified 10 counties with the highest number of
millionaire residents.
Los Angeles County with 268,136
Cook County, Ill., 171,118
Orange County, Calif., 116,157
Maricopa County, Ariz., 113,414
San Diego County, Calif., 102,138
Harris County, Texas, 99,504
Nassau County, N.Y., 79,704
Santa Clara County, Calif., 74,824
Palm Beach County, Fla., 71,221
King County, Ore., 68,390
Source: Associated Press (05/01/07)
The number of U.S. millionaire households has risen to a record high
of 9.3 million as of mid-2006, up 5 percent from 2005, according to
TNS Global's annual Affluent Market Research Program.
The millionaires' mean net worth, not including their primary
residence, is $2,167,167 with investable assets of $1,442,841. Their
median age is 58 and 45 percent are retired.
Forty-six percent of millionaire households own investment real
estate such as a second home, third home, rental properties, and
undeveloped land. Thirty-four percent have a first mortgage on these
residences and 25 percent have second mortgages on these additional
residences.
The TNS study identified 10 counties with the highest number of
millionaire residents.
Los Angeles County with 268,136
Cook County, Ill., 171,118
Orange County, Calif., 116,157
Maricopa County, Ariz., 113,414
San Diego County, Calif., 102,138
Harris County, Texas, 99,504
Nassau County, N.Y., 79,704
Santa Clara County, Calif., 74,824
Palm Beach County, Fla., 71,221
King County, Ore., 68,390
Source: Associated Press (05/01/07)
Thursday, March 1, 2007
Housing Boomers
By Nanette Overly, Epcon Communities
As the nation’s largest demographic ages, a new housing product emerges to change the way — and the where —Americans retire
The Baby Boomer Generation is once again exerting its gravitational pull on the housing market.
Today, as Baby Boomers enter their 50s and 60s, they are healthier, more active and more engaged in their lives and their communities than previous generations. When it comes to deciding how and where they will live, Boomers aren’t in the rocking chair — they are in the driver’s seat.
Home Sweet Home
According to research, 37 percent of Boomers will move to a new home within the first year after their youngest child goes off to college. Increasingly, however, these newly mobile Empty Nesters are breaking away from traditional expectations. They are moving across town, rather than across the country. They are ready for a more manageable lifestyle, but shudder at the idea of a traditional “retirement” community.
In fact, a recently published AARP survey revealed that, when it’s time to retire, 90 percent of today’s 50+ Americans say they would either stay in their current home or move to one very nearby. In short, a significant majority of Baby Boomers would prefer to “age in place.”
A few homebuilders, such as Epcon Communities, are recognizing this trend, and are providing an expanded range of innovative housing options that combines the comforts and conveniences of a resort lifestyle with the aesthetics, amenities and independence of a single-family home; not thousands of miles away, but right down the street. These new Boomer-oriented homes and communities are a testament to the vital importance of location, as astute homebuilders recognize that proximity to children and grandchildren is a driving force behind many real estate decisions.
Home is Where the Hearth Is
New Boomer-friendly housing options incorporate a number of design and development strategies to cater to this demographic. They recognize that, to this nostalgic generation, the idea of home and hearth as the iconic center of family and social gatherings exerts a powerful emotional appeal.
These design considerations for Boomers speak to leisure, comfort, quality and convenience, such as the following new design techniques and amenities:
• Ample open space and tall ceilings (which create a sense of “volume”) are very popular.
• Minimizing unnecessary staircases through single-story layouts is a common strategy.
• Well-deserved small luxuries, such as twin vanity sinks have gained favor.
• Kitchens are important, and are highly functional with expansive counter space.
• Laundry and utility rooms are convenient and accessible, without becoming too prominent or intruding into the living space.
• Wasted, excess space is not desirable, but space for hobbies and other pursuits can be a nice bonus.
• Hallways are wider, but not to accommodate a wheelchair; rather, to allow the exercise devotee ample room to walk one’s bicycle into the house.
As is the case with all of Epcon Communities’ more than 200 communities in 31 states, these new communities feature elegantly designed residences that present the appearance of a detached home when viewed from the street, providing all the conveniences and efficiencies of a condo while exuding the aesthetics and vibe of a freestanding house.
Active Adults
Working out and staying active are very important to Boomers, and access to a high-quality fitness center is a necessity, rather than a luxury. New communities also now frequently feature integrated or adjacent walking trails.
Exterior landscaping is attractive, but managed and maintained by professionals, freeing up valuable personal time.
Swimming pools are important to the Active Adult, providing a place to relax and unwind, another option for exercise, and a venue for entertaining the grandchildren.
Access to community clubhouses and public spaces is another welcome feature, providing usable common space to host receptions or activities.
Ultimately, this new and increasingly popular residential format enables Boomers to simultaneously assert their independence and relieve some of the everyday burdens and tedium of housework, yard work and other mundane responsibilities. These residences, convenient to restaurants and other amenities, allow homeowners to enjoy the pride and satisfaction of hosting events and welcoming guests, while providing the freedom to be able to “lock the door and go,” to travel on a moment’s notice.
Baby Boomers may need to change where they live, but they don’t have to change how they live.
Visit our site for the full article:
http://boomersint.org/articles/housingboomers.html
As the nation’s largest demographic ages, a new housing product emerges to change the way — and the where —Americans retire
The Baby Boomer Generation is once again exerting its gravitational pull on the housing market.
Today, as Baby Boomers enter their 50s and 60s, they are healthier, more active and more engaged in their lives and their communities than previous generations. When it comes to deciding how and where they will live, Boomers aren’t in the rocking chair — they are in the driver’s seat.
Home Sweet Home
According to research, 37 percent of Boomers will move to a new home within the first year after their youngest child goes off to college. Increasingly, however, these newly mobile Empty Nesters are breaking away from traditional expectations. They are moving across town, rather than across the country. They are ready for a more manageable lifestyle, but shudder at the idea of a traditional “retirement” community.
In fact, a recently published AARP survey revealed that, when it’s time to retire, 90 percent of today’s 50+ Americans say they would either stay in their current home or move to one very nearby. In short, a significant majority of Baby Boomers would prefer to “age in place.”
A few homebuilders, such as Epcon Communities, are recognizing this trend, and are providing an expanded range of innovative housing options that combines the comforts and conveniences of a resort lifestyle with the aesthetics, amenities and independence of a single-family home; not thousands of miles away, but right down the street. These new Boomer-oriented homes and communities are a testament to the vital importance of location, as astute homebuilders recognize that proximity to children and grandchildren is a driving force behind many real estate decisions.
Home is Where the Hearth Is
New Boomer-friendly housing options incorporate a number of design and development strategies to cater to this demographic. They recognize that, to this nostalgic generation, the idea of home and hearth as the iconic center of family and social gatherings exerts a powerful emotional appeal.
These design considerations for Boomers speak to leisure, comfort, quality and convenience, such as the following new design techniques and amenities:
• Ample open space and tall ceilings (which create a sense of “volume”) are very popular.
• Minimizing unnecessary staircases through single-story layouts is a common strategy.
• Well-deserved small luxuries, such as twin vanity sinks have gained favor.
• Kitchens are important, and are highly functional with expansive counter space.
• Laundry and utility rooms are convenient and accessible, without becoming too prominent or intruding into the living space.
• Wasted, excess space is not desirable, but space for hobbies and other pursuits can be a nice bonus.
• Hallways are wider, but not to accommodate a wheelchair; rather, to allow the exercise devotee ample room to walk one’s bicycle into the house.
As is the case with all of Epcon Communities’ more than 200 communities in 31 states, these new communities feature elegantly designed residences that present the appearance of a detached home when viewed from the street, providing all the conveniences and efficiencies of a condo while exuding the aesthetics and vibe of a freestanding house.
Active Adults
Working out and staying active are very important to Boomers, and access to a high-quality fitness center is a necessity, rather than a luxury. New communities also now frequently feature integrated or adjacent walking trails.
Exterior landscaping is attractive, but managed and maintained by professionals, freeing up valuable personal time.
Swimming pools are important to the Active Adult, providing a place to relax and unwind, another option for exercise, and a venue for entertaining the grandchildren.
Access to community clubhouses and public spaces is another welcome feature, providing usable common space to host receptions or activities.
Ultimately, this new and increasingly popular residential format enables Boomers to simultaneously assert their independence and relieve some of the everyday burdens and tedium of housework, yard work and other mundane responsibilities. These residences, convenient to restaurants and other amenities, allow homeowners to enjoy the pride and satisfaction of hosting events and welcoming guests, while providing the freedom to be able to “lock the door and go,” to travel on a moment’s notice.
Baby Boomers may need to change where they live, but they don’t have to change how they live.
Visit our site for the full article:
http://boomersint.org/articles/housingboomers.html
Cheapest Place To Live (In The USA)
Most affordable housing markets
Lower mortgage rates and home values help overall affordability. Indianapolis holds top spot. Just 2% of homes in L.A. deemed within reach.
By Les Christie, CNNMoney.com staff writer
February 27 2007: 2:04 PM EST
NEW YORK (CNNMoney.com) -- As mortgage rates edged downward during the fourth quarter of 2006 and some real estate markets took price hits, affordability improved - albeit only marginally, according to a report released Thursday.
Some 41.6 percent of homes sold during the fourth quarter were affordable to Americans earning the median family income of $59,600, according to the Home Opportunity Index, constructed quarterly by the National Association of Home Builders and Wells Fargo.
That compares with 40.4 percent during the third quarter.
NAHB president Brian Catalde, a home builder from Playa del Rey, Calif., attributed the improvement to declining interest rates toward the end of the year.
Is it time to buy?
Indianapolis was, once again, the most affordable major housing market in the United States. The median home sold there, already low at $122,000 during the previous quarter, fell to $113,000 during the last three months of the year. With a median income of $65,000, 89 percent of the homes sold were affordable to the average family.
Other affordable major markets included: Youngstown-Warren-Boardman, Ohio-Pennsylvania.; Detroit-Livonia-Dearborn, Michigan; Toledo, Ohio; and Buffalo-Niagara Falls, New York.
Latest home price stats for 149 markets
The Los Angeles metro area was again the nation's least affordable market. Only 2 percent of the homes sold during the quarter there were affordable to those families bringing home the median earnings for the area, $56,200. The median sale price was $525,000.
Santa Ana-Anaheim-Irvine, California; San Diego-Carlsbad-San Marcos, California; and New York-White Plains-Wayne, New Jersey joined Los Angeles near the top of the unaffordable list.
Most affordable
City State Price Income
Indianapolis IN $113,000 $65,100
Youngstown OH $83,000 $52,100
Detroit MI $92,000 $56,700
Toledo OH $105,000 $58,900
Buffalo NY $89,000 $58,300
Dayton OH $100,000 $59,800
Grand Rapids MI $124,000 $61,500
Akron OH $101,000 $61,300
Rochester NY $111,000 $64,100
St Louis MO $124,000 $65,800
Least affordable
City State Price Income
Los Angeles CA $525,000 $56,200
Santa Ana CA $620,000 $78,300
San Diego CA $475,000 $64,900
New York NY $500,000 $59,200
Modesto CA $360,000 $54,400
Riverside CA $391,000 $57,500
Stockton CA $415,000 $57,100
San Francisco CA $750,000 $91,200
Fresno CA $293,000 $47,000
Sacramento CA $370,000 $65,400
Source:National Association of Home Builders and Wells FargoFind mortgage rates in your area.
http://money.cnn.com/2007/02/22/real_estate/most_and_least_affordable_UScities/index.htm
Latest home price stats for 149 markets
http://money.cnn.com/2007/02/15/real_estate/latest_prices_q4/index.htm
Is It Time To Buy?
Bottom line: If you can afford to make the purchase now and you're planning to be in the house for at least five years, "I wouldn't be worried about buying a house today," says Reston, Va. financial planner Patricia Houlihan.
http://money.cnn.com/2007/02/20/magazines/moneymag/homes_buy_orwait.moneymag/index.htm?postversion=2007022111
Lower mortgage rates and home values help overall affordability. Indianapolis holds top spot. Just 2% of homes in L.A. deemed within reach.
By Les Christie, CNNMoney.com staff writer
February 27 2007: 2:04 PM EST
NEW YORK (CNNMoney.com) -- As mortgage rates edged downward during the fourth quarter of 2006 and some real estate markets took price hits, affordability improved - albeit only marginally, according to a report released Thursday.
Some 41.6 percent of homes sold during the fourth quarter were affordable to Americans earning the median family income of $59,600, according to the Home Opportunity Index, constructed quarterly by the National Association of Home Builders and Wells Fargo.
That compares with 40.4 percent during the third quarter.
NAHB president Brian Catalde, a home builder from Playa del Rey, Calif., attributed the improvement to declining interest rates toward the end of the year.
Is it time to buy?
Indianapolis was, once again, the most affordable major housing market in the United States. The median home sold there, already low at $122,000 during the previous quarter, fell to $113,000 during the last three months of the year. With a median income of $65,000, 89 percent of the homes sold were affordable to the average family.
Other affordable major markets included: Youngstown-Warren-Boardman, Ohio-Pennsylvania.; Detroit-Livonia-Dearborn, Michigan; Toledo, Ohio; and Buffalo-Niagara Falls, New York.
Latest home price stats for 149 markets
The Los Angeles metro area was again the nation's least affordable market. Only 2 percent of the homes sold during the quarter there were affordable to those families bringing home the median earnings for the area, $56,200. The median sale price was $525,000.
Santa Ana-Anaheim-Irvine, California; San Diego-Carlsbad-San Marcos, California; and New York-White Plains-Wayne, New Jersey joined Los Angeles near the top of the unaffordable list.
Most affordable
City State Price Income
Indianapolis IN $113,000 $65,100
Youngstown OH $83,000 $52,100
Detroit MI $92,000 $56,700
Toledo OH $105,000 $58,900
Buffalo NY $89,000 $58,300
Dayton OH $100,000 $59,800
Grand Rapids MI $124,000 $61,500
Akron OH $101,000 $61,300
Rochester NY $111,000 $64,100
St Louis MO $124,000 $65,800
Least affordable
City State Price Income
Los Angeles CA $525,000 $56,200
Santa Ana CA $620,000 $78,300
San Diego CA $475,000 $64,900
New York NY $500,000 $59,200
Modesto CA $360,000 $54,400
Riverside CA $391,000 $57,500
Stockton CA $415,000 $57,100
San Francisco CA $750,000 $91,200
Fresno CA $293,000 $47,000
Sacramento CA $370,000 $65,400
Source:National Association of Home Builders and Wells FargoFind mortgage rates in your area.
http://money.cnn.com/2007/02/22/real_estate/most_and_least_affordable_UScities/index.htm
Latest home price stats for 149 markets
http://money.cnn.com/2007/02/15/real_estate/latest_prices_q4/index.htm
Is It Time To Buy?
Bottom line: If you can afford to make the purchase now and you're planning to be in the house for at least five years, "I wouldn't be worried about buying a house today," says Reston, Va. financial planner Patricia Houlihan.
http://money.cnn.com/2007/02/20/magazines/moneymag/homes_buy_orwait.moneymag/index.htm?postversion=2007022111
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