February 6, 2009 Many Turning to Self-Directed IRAs to Strengthen Their Finances
February 6, 2009
Real Estate News, LOS ANGELES– “Home sales increased 100.8% in January in California compared with the same period a year ago, while the median price of an existing home fell 40.5%,” the California Association of Realtors (CAR) reported recently. “Statewide sales in January edged past the 600,000 threshold for the first time since October 2005,” said CAR President James Liptak. “The strength in California home sales in recent months signifies that the market is gradually working its way through the large numbers of distressed sales that have followed in the wake of the troubled mortgage problem. With favorable home prices and historically low mortgage rates, affordability in the California housing market is now at it’s highest since the start of the decade.”
Overall sales volume has increased in California by 20.5%, from $1.32 billion a year ago to $1.58 billion in January this year, the Inventory Index has decreased by almost 10 months, and the median number of days to sell a home decreased by almost 21 days. In other words, market forces are working in the California real estate market.
401K News Critics fear financial markets are overly dependent on 401K investments in the Stock Market. Some investors are turning to self-directed IRAs as a means of safeguarding their retirement portfolios. Editors at RPIC report a significant rise in self-directed IRAs as a means of funding property investments. For more information, visit: www.WealthyIRA.com.
| < Prev | Next > |
|---|

