Real Estate Tops Best Investment Poll for 7th Year Running
Every year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.
For the seventh year in a row, real estate has come out on top as the best long-term investment. Gallup explained:
“Real estate remains the most favored investment to Americans, as has been the case since 2013, when the housing market was on the rebound. More than a third of Americans have named real estate as the top investment since 2016.”
This year’s results indicated 35% of Americans chose real estate, followed by stocks at 21%. The full results covering the last decade are shown in the chart below:
The belief of the American people in the stability of housing as a long-term investment remains strong, even through the many challenges our economy faces today.
Economists Forecast Recovery to Begin in the Second Half of 2020
With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned on when the recovery will begin.
According to the latest Wall Street Journal Economic Forecasting Survey, which polls more than 60 economists on a monthly basis, 85.3% believe a recovery will begin in the second half of 2020 (see graph below):There seems to be a growing consensus among these experts that the second half of this year will be the start of a turnaround in this country.
Chris Hyzy, Chief Investment Officer for Merrill notes:
“We fully expect the economy could begin to pick up in late June and July with a strong recovery in the fourth quarter.”
In addition, five of the major financial institutions are also forecasting positive GDP in the second half of the year. Today, four of the five expect a recovery to begin in the third quarter of 2020, and all five agree a recovery should start by the fourth quarter (see graph below):
The vast majority of economists, analysts, and financial institutions are in unison, indicating an economic recovery should begin in the second half of 2020. Agreement among these leading experts is stronger than ever.
Congratulations, you’ve bought your home and it’s move-in time. Wait! Before you move in, read on to get some practical and important tips.
Change the locks. You’ve closed escrow and the keys to your new home are yours.
The first thing you should do is change the locks. It’s hard to say who may have access to your home. Anyone from real estate agents to the sellers or maintenance people: all could still have a set of keys to your home. Be safe and change the locks first thing.
If the home doesn’t have deadbolts on the doors, install them. If the door has glass on it, be sure you install a deadbolt that uses a key to unlock from both sides.
If someone is breaking into your house and there is glass on the door, it can be shattered and the intruder can just reach through the broken glass and turn the deadbolt. Instead use a key deadbolt and keep an extra key near the door but out of reach and out of sight from the outside.
Create an inventory of your belongings. Don’t risk losing something that means a lot to you. Take an inventory of all your belongings. It’s best if you can pack your items in clearly labeled and numbered boxes that are marked for particular rooms, such as kitchen or bathroom supplies.
Using an inventory sheet to detail what each box contains will make it so much easier to unpack and remember where things are. You may need to find something quickly before you’re fully unpacked. If you’re using movers or friends and family to help, the inventory sheet will also help you keep track of your stuff and make sure that it all ends up in your new home. You can find moving inventory sheets on the Web.
Repair and paint while the home is empty. It’s a no-brainer but sometimes goes overlooked. If you have to make major repairs, try to do them before you move in. It’s easier to take care of major maintenance or messy repair jobs when the home is empty.
So, give your new home a good look and mark down the maintenance needs, then try to plan your move-in dates for after the work is completed. Even if the work is being done in an entirely different room, it still helps to have the house empty. That way you can feel better about leaving workers in the home while you’re not there because your home is empty.
Whole-House cleaning. It’s maybe the only time you’ll have this opportunity. Give the entire house a good top-to-bottom cleaning. It’s a great way to start a new life in a fresh, clean home. Plus it’s a lot easier to clean everything when nothing is inside to be moved around.
This is a good time to make sure things like smoke and carbon monoxide detectors are all functioning properly. Change the batteries on them so that you can track the need for new batteries with the anniversary of the home purchase.
Thinking ahead and taking a few extra steps will save you time and energy. It will simplify the move-in process and make your home a safe place to get good sleep on your first night.
Source: WRITTEN BY REALTY TIMES STAFF https://realtytimes.com/consumeradvice/buyersadvice/item/1000711-20170317-tips-for-moving-into-your-new-home?rtmpage=GaleTeam