MEMBER SIGN IN
Not a member? Become one today!
         iBerkshires     Williamstown Chamber     Williams College     Your Government     Land & Housing Debate
Search
Home About Archives RSS Feed
The Independent Investor: Why FHA Loans Are so Popular
By Bill Schmick,
05:03PM / Thursday, June 20, 2019
Federal Housing Authority Loans have long been one of the most popular types of mortgage loans available. Roughly 20 percent of all mortgage applicants will choose an FHA loan because it makes total economic sense to do so. And the older you are, the more important having an FHA approved dwelling becomes.   To many, that may appear to contradict your understanding of the FHA loan market. Most believe it is a program to assist younger folks, who need a hand to purchase their first home. You wouldn't be far wrong from a historical perspective, but times have changed.   The FHA loan was originally designed during the Depression years to help home buyers,

0 Comments
Read More >>

@theMarket: Markets Expect Fed to Cut Rates
By Bill Schmick,
04:08PM / Friday, June 14, 2019
Investors can credit the Fed once again for the market's revival thus far in June. The buying is fueled by expectations of three rate cuts by no later than December. Is that wishful thinking?   While only 23 percent of investors expect a rate cut next week when the Fed meets, 83 percent do expect a cut in July. The odds of another cut in September are now at 63.8 percent, with a third cut in December, which is expected by over half of market participants.   Given that the Fed's job description is to keep inflation under control, while supporting robust employment, one or the other of those variables will need to change in order for the Fed to cut rates.

2 Comments
Read More >>

The Independent Investor: The Suburban Dilemma
By Bill Schmick,
04:25PM / Thursday, June 13, 2019
Over the last decade, the percentage of Baby Boomers, those aged 65 to 74, living in the suburbs increased by almost 50 percent. Over the next 20 years, that age group will double in size, and by 2040, 1 in every 5 Americans will be age 85 or older. The majority of them will continue to live in the suburbs.   Older adults, it appears, move less frequently than any other age group. Over the last 10 years, only 6 percent of persons over 65 years of age moved, according to AARP, compared to 17 percent of those under 65. It's called "aging in place," which is a standing trend that describes how older Americans prefer to stay in their homes and never move. They are

0 Comments
Read More >>

@theMarket: When Bad News Is Good News
By Bill Schmick,
04:47PM / Friday, June 07, 2019
You would think that a non-farm payroll report that was way below expectations would give investors pause. After all, when the pace of employment slows, it usually means that the economy is slowing as well. So why did the stock market spike higher?   It comes down to what the Fed may do. Contrary to many investors' belief that tariffs (or the lack thereof) are the critical element in the stock market's fortunes, I believe the actions of the U.S. central bank trump Trump's antics on the trade front.    A look back to the last quarter of 2018 reveals why I believe this is so. While the press gave plenty of space to the on again, off again

0 Comments
Read More >>

The Independent Investor: Long-Term Planning Is Crucial to Caregiving
By Bill Schmick,
05:37PM / Thursday, June 06, 2019
The family is headed toward a crisis in caring for the elderly. It will impact all of us, so if you have aging parents, don't think you can just close your eyes and hope for the best. You are likely setting yourself up for a world of hurt.    All too often, the adult children of aging parents are blind-sided when presented with the realities of taking care of parents in need. This is usually precipitated by some sort of health crisis. In my own business, I see it time and time again. What follows is pure chaos, anxiety and hard feelings. There is no way to stop the inevitable, because aging and declining health are part of living, so what can you

0 Comments
Read More >>

Williamstown.com is owned and operated by: Boxcar Media 106 Main Sreet, P.O. Box 1787 North Adams, MA 01247 -- T. 413-663-3384 F.413-663-3615
© 2008 Boxcar Media LLC - All rights reserved