Crypto and Buying a Home

Evan Dunn

Originally posted on Porch.com


If you’ve ever walked around at an arcade with a couple pocketfuls of game tokens or won similar tokens at a fair to be exchanged for candy and stuffed bears, you already know how cryptocurrencies work. Except cryptocurrencies, like Bitcoin and Ethereum, are digital currencies that can be used to purchase goods and services. Today, there are more than 6,700 types of cryptocurrencies, some better known than others. Traded as commodities on the stock market and known for their volatility, cryptocurrencies have become increasingly mainstream as more people invest in them and trust the blockchain technology employed to secure them. In fact, some people are using their crypto assets to purchase large, expensive items—like houses!

Introduction to Cryptocurrencies


Major cryptocurrencies such as Bitcoin, Ethereum, XRP, and others are a digital form of currency. Once you own them, you can use them t ...

U.S. home sales rose a record amount month-to-month in June, NAR says – but part of the reason is because May sales fell dramatically in the early days of the pandemic.

WASHINGTON – Existing-home sales rebounded at a record pace in June, according to the National Association of Realtors® (NAR) June housing report. NAR calls it “strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic. Each of the four major regions tracked in the report saw month-over-month growth.

Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – jumped 20.7% from May to a seasonally-adjusted annual rate of 4.72 million in June.

However, sales overall dipped 11.3% year-to-year (5.32 million in June 2019).

“The sales recovery is strong as buyers were eager to purchase homes and properties that they had been eyeing during the shutdown,” ...

SWFLA Stats to Consider:
 

Inventory: On May 8th we had 13,735 Active listings and as of July 16th we are down to 11,190, a drop in overall inventory by almost 19%.  We have just under 4 months of active inventory. 


Pending Sales:  The past 7 days stats show 1,179 pending which is still WAY above average and at this rate would almost double the past 12 months of sales (32,082).   We've also had 4,086 go pending in the past 30 days which still reflects a 35% increase.  


Sold Homes:  The past 7 days show 651 sold which is up 6% from our 12 month average (615 sold per 7 days).   Furthermore, we've had 2,905 closed sales in the past 30 days, up almost 33% since June 19th and up 11% from our last 30 day 12 month average (2,636 closed per 30 days).  


At the past 30 day rate of "sold" absorption we only have 3.80 months worth of active inventory and at the past 30 day "pending" rate of absorption we only have 2.74 month ...

Hope to blow out 100 birthday candles? 

“I would argue that the biggest impact on how long you live is where you live,” says National Geographic Fellow Dan Buettner, who has studied the world’s longest-living people in “longevity hotspots” he calls Blue Zones. Among them: Sardinia, Italy; Okinawa, Japan; and Nicoya, Costa Rica.

So where in the U.S. can you live to a really ripe old age? You might be surprised.

“People in the Blue Zones don’t have better discipline or a greater sense of responsibility,” says Buettner. “They simply live in environments that make healthy lifestyle choices easier, or unavoidable.”

Some places are better than others at supporting the habits that stretch lifespans. When you can walk to do your errands, you’re more likely to be active than if you have to drive to the gym. Living in a community with plenty of neighborhood groups provides a buffer against loneliness, which can sh ...

According to Magnify Money, that is. The personal finance site listed the city at the top of a list of 20 for a FIRE retirement — an acronym for “financially independent, retire early.”
According to the Magnify Money article, “The FIRE approach to retirement has become popular among many younger, millennial savers in recent years. In a nutshell, practitioners of FIRE aim to retire as early as they can, but only once they have achieved a level of financial independence that would free them from conventional employment. The core strategy for building a nest egg that would allow one to retire early is to adopt extremely frugal saving and spending habits.”
Not surprisingly, half of the top 20 cities that made the list are in Florida, a state well-known for its retirement and seasonal resident-friendly reputation.
To achieve the rankings, Magnify Money compiled data on 171 cities across America and scored them on cost of living and quality of life. The val ...