Single-family real estate takes economy by storm

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Let's get beyond the slippery accounting practices of Fannie Mae in 2004 – or that matter of Freddie Mac in 2003. Both mortgage giants are shareholder-owned yet chartered by the U.S. Congress to maintain a constant flow of loan funds for the nation's housing market. You would expect a higher standard of performance. Instead, let's dwell on the amazing impact of the family home on the general economy. Single-family homes, while viewed as a solid investment for years by financial advisors, has begun to shed its dropping its "ill-liquid" moniker and become a flexible, versatile asset that has evolved into an enormous instrument of wealth in this country. In fact, a new study produced by the Joint Center for Housing Studies of Harvard University and Macroeconomic Advisers showed housing wealth has a more immediate impact on consumer spending than stock wealth. Low interest rates the past five years, coupled with steady home appreciation, have provided a more reliable pot of funds ...