RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

5 Smart Things to Do with $1,000

July 6, 2016 12:57 am


It’s a great feeling: you received a hard-earned bonus at work, or an unexpected gift from a relative. The impulse to buy something you pine for is strong.

Before you spend that $1,000, think what it can help accomplish if you take one of these five steps, say investment advisors at the Motley Fool:

1. Create an Emergency Fund – Statistics say 62 percent of Americans have less than $1,000 in savings—not nearly enough to pay for emergencies. If you’re one of them, take that $1,000 to the bank and crank up your emergency fund. You’ll feel a lot better when you find your car needs repair and you don’t have to haul out the plastic!

2. Pay Off Debt – Carrying credit card balances wastes money on interest payments, affording you less spend-able cash. Use that $1,000 to pay down debt, which may also improve your credit score—ideal if you need to borrow money or apply for a home loan down the line.

3. Save for Retirement – Add that $1,000 to your 401(k), IRA or savings account. Those in their 30s who invest it in stocks could generate an average annual return of 8 percent—or, if you put it into savings, could grow it to $15,000 by age 65.

4. Invest in Your Child’s Education – While student loans are an option, the less debt your kids take on, the better positioned they’ll be to start adulthood on financially solid ground. If you’re on track for retirement, have adequate emergency savings, and aren’t carrying credit card debt, put that $1,000 in a traditional brokerage account, a 529 or another type of college savings plan.

5. Invest in Yourself – If a degree or certification stands between you and a promotion and a raise—or if you plan to launch a side business or a new career—put that $1,000 windfall into making your dream a reality.
 

Published with permission from RISMedia.


Tags:

Report: Rents Stabilizing

July 6, 2016 12:57 am


Out-of-this-world rents may soon come back down to Earth.

Nationwide, rents are trending upward, but only steadily so, with the average rent at $1,277, according to a recent report by Axiometrics, provider of comprehensive apartment market intelligence.

“Annual effective rent growth” was 3.7 percent in the second quarter of 2016, down from a rate of 5.1 percent one year ago. This measurement, determined by Axiometrics, was positive in nearly 100 percent of the data provider’s top 50 rental markets.

Still, some rental markets in metropolitan statistical areas (MSAs) lie outside of the trend. The top 10 MSAs for annual effective rent growth, according to the report, are:

1. Sacramento-Roseville-Arden-Arcade, Calif. (10.4 percent)

2. Seattle-Bellevue-Everett, Wash. (7.9 percent)

3. Phoenix-Mesa-Scottsdale, Ariz. (7.6 percent)

4. Portland-Vancouver-Hillsboro, Ore.-Wash. (7.4 percent)

5. Riverside-San Bernardino-Ontario, Calif. (7.3 percent)

6. Fort Worth-Arlington, Texas (6.7 percent)

7. Tampa-St. Petersburg-Clearwater, Fla. (6.6 percent)

8. (TIE)

• Nashville-Davidson-Murfreesboro-Franklin, Tenn. (6.3 percent)
• Orlando-Kissimmee-Sanford, Fla. (6.3 percent)
• Salt Lake City, Utah (6.3 percent)
• Las Vegas-Henderson-Paradise, Nev. (6.3 percent)
• San Diego-Carlsbad, Calif. (6.3 percent)

9. (TIE)

• West Palm Beach-Boca Raton-Delray Beach, Fla. (5.8 percent)
• Atlanta-Sandy Springs-Roswell, Ga. (5.8 percent)

10. Dallas-Plano-Irving, Texas (5.5 percent)

Overall, annual effective rent growth is concentrated in markets in the West and South, which boast encouraging employment prospects. Rents in these markets are expected to grow, and some outside of marginal increases, in the future.

Source: Axiometrics
 

Published with permission from RISMedia.


Tags: