American Consequences - June 2019

MONTHLY SUPPLY OF HOUSES IN THE U.S.

MORE BANG FOR YOUR BUCK Another positive for the housing market is mortgage rates. Mortgage rates have dropped in recent months, which makes homes more affordable to buy. Just a few months ago, rates were close to 5%. While a 1% difference may not seem like much, it can add more than $100 to a standard monthly loan payment (assuming a 20% down payment on a $300,000 home). Over the course of 30 years, that’s tens of thousands of dollars. Today, the setup for homebuilders is just too good to pass up. And stocks that are involved in home improvement will benefit as well. The houses on the market right now are just too old. If you have some extra cash floating around and want to put it to use, I think a play on housing is a smart move.

12 11 10

9 8 7 6 5 4

There are few homes on the market today

2007

2009

2011

2013

2015

2019

2017

AVERAGE 30-YEAR FIXED RATE MORTGAGE

5.0%

4.5%

4.0%

3.5%

2015

2016

2017

2018

2019

Subscribers to Dr. David Eifrig's Retirement Millionaire service are up nearly 45% on a housing-related stock

he recommended in April 2018... one of over 20 open and “winning” positions up as much as 76% on average.

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American Consequences

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