NAR Identifies Best Purchase Markets for Aspiring Millennial Homebuyers Jul 24, 2014 09:08AM

WASHINGTON, DC -- (Marketwired) -- 07/24/14 -- First-time homebuyers have been largely absent from the housing market in the current economic recovery, but some metropolitan areas -- particularly in the Midwest and West -- are well positioned to see increases in home-buying from the Millennial generation in upcoming years, according to new research by the National Association of Realtors®.

NAR analyzed current housing conditions, job creation and population trends in metropolitan statistical areas(1) across the U.S. to determine the best markets for aspiring, leading edge Millennial(2) homebuyers. Austin, Texas and Salt Lake City were identified as top standouts for Millennials for having a young adult population with solid job growth rates and still relatively affordable home prices. Seven of the 10 metro areas recognized are in the Midwest and West.

Lawrence Yun, NAR chief economist, says the homeownership rate for young adults under the age of 35 peaked in 2005 (43 percent) and fell to 36 percent in the first quarter of 2014(3).

"Limited job prospects, student debt and flat wage growth have combined with tight credit conditions and low inventory to price Millennials out of some of the top cities such as New York and San Francisco," he said. "However, NAR research finds that there are other metro areas Millennials are moving to where job growth is strong and homeownership is more attainable. These markets are well-positioned to soon experience a rise in first-time buyers as the economy improves."

NAR analyzed 100 metro areas that have a large Millennial presence, solid local job market conditions and strong migration patterns of young adults moving to that particular area to determine the best purchase prospects for young buyers. Housing affordability and inventory availability were also considered.

The best purchase markets for aspiring Millennial homebuyers are (listed alphabetically):

  • Austin, Texas
  • Dallas
  • Denver
  • Des Moines, Iowa
  • Grand Rapids, Michigan
  • Minneapolis
  • New Orleans
  • Ogden, Utah
  • Salt Lake City
  • Seattle

Other markets with strong potential for attracting Millennial homebuyers include:

  • Madison, Wisconsin
  • Nashville, Tennessee
  • Omaha, Nebraska
  • Raleigh, North Carolina
  • Washington, D.C.

NAR President Steve Brown, co-owner of Irongate, Inc., Realtors® in Dayton, Ohio, said favorable affordability in these markets will ultimately be met with inevitable life milestones to increase homebuying activity.

"Millennials will eventually settle down, trade their roommates for spouses and want to raise a family," he said. "As long as median income continues to support purchasing power in most areas, the demand and opportunity will be there for Millennials to purchase their first home with guidance and insights from a Realtor®."

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

(1) Areas are generally metropolitan statistical areas as defined by the U.S. Office of Management and Budget. NAR adheres to the OMB definitions, although in some areas an exact match is not possible from the available data. A list of counties included in MSA definitions is available at: http://www.census.gov/population/estimates/metro-city/List4.txt.

Regional median home prices are from a separate sampling that includes rural areas and portions of some smaller metros that are not included in this report; the regional percentage changes do not necessarily parallel changes in the larger metro areas. The only valid comparisons for median prices are with the same period a year earlier due to seasonality in buying patterns. Quarter-to-quarter comparisons do not compensate for seasonal changes, especially for the timing of family buying patterns.

Median price measurement reflects the types of homes that are selling during the quarter and can be skewed at times by changes in the sales mix. For example, changes in the level of distressed sales, which are heavily discounted, can vary notably in given markets and may affect percentage comparisons. Annual price measures generally smooth out any quarterly swings.

NAR began tracking of metropolitan area median single-family home prices in 1979; the metro area condo price series dates back to 1989.

Because there is a concentration of condos in high-cost metro areas, the national median condo price often is higher than the median single-family price. In a given market area, condos typically cost less than single-family homes. As the reporting sample expands in the future, additional areas will be included in the condo price report.

(2) Millennials are generally categorized as those between the ages of 20-34. For the purposes of this research, only leading edge Millennials between the ages of 25-34 are considered for this study, as they are more likely to be prospective home buyers.

(3) According to the U.S. Census Bureau, Current Population Survey/Housing Vacancy Survey, Series H-111.

Information about NAR is available at www.realtor.org. This and other news releases are posted in the "News, Blogs and Videos" tab on the website.

For further information contact:
Adam DeSanctis
202/383-1178
Email Contact

Source: National Association of Realtors


Cindi Infiesto of The Florida Real Estate Store Honored With the 2014 Five Star Real Estate Agent Award Jul 24, 2014 09:08AM

Fortmyers, FL (PRWEB) July 24, 2014

Five Star Professional is pleased to announce Cindi Infiesto, The Florida Real Estate Store, has been chosen as one of Southwest Florida's Five Star Real Estate Agents for 2014.

Five Star Professional partnered with Gulfshore Life magazine to recognize a select group of Southwest Florida area real estate agents who provide quality services to their clients. Cindi Infiesto was featured, along with other award winners, in a special section of the May issue.

"Real estate is not just a profession; it becomes something that defines you. You live and breathe it. Combining real estate with the innate desire to help people leads to a very satisfying career with a side effect of many, continually growing long-term friendships. To be awarded with the Five Star Professional award for seven years is a blessing and an honor. I am humbled," Cindi Infiesto of The Florida Real Estate Store.

The Five Star Real Estate Agent award program is the largest and most widely published real estate agent award program in North America. Agents are measured using an objective, in-depth research methodology with significant focus on customer feedback and overall satisfaction.

"Our list of local Five Star Real Estate Agents can be an invaluable resource for anyone looking to buy or sell a home. These agents are exceptional in their field and their commitment to client satisfaction and are right in your backyard," Jim Olson, CEO, Five Star Professional.

Cindi Infiesto's Five Star award profile can be viewed here.

About the research process:
Now entering its 12th year, Five Star Professional conducts in-depth, market-specific research in more than 45 markets across the United States and Canada to identify premium service professionals.

Five Star Professional contacts thousands of recent homebuyers to identify award candidates. Phone, mail and online respondents rate their real estate agent on 10 satisfaction criteria. Candidates with a qualifying client satisfaction rating move on to be evaluated on objective criteria such as experience, production levels and disciplinary and complaint history.

Real estate agents do not pay a fee to be considered or awarded. For more information, visit http://www.fivestarprofessional.com.

Read the full story at http://www.prweb.com/releases/2014/07/prweb12041584.htm


Robert Murphy Joins Altegris as Deputy Chief Investment Officer Jul 24, 2014 09:08AM

LA JOLLA, Calif., July 24, 2014 /PRNewswire/ -- Altegris, provider of premier alternative investments, has named Robert J. Murphy, CFA, FRM, CAIA, as Deputy Chief Investment Officer. Mr. Murphy will report to and work closely with Jack Rivkin, Chief Investment Officer of Altegris. He will join Altegris' Investment Committee and will be assuming specific portfolio and risk management responsibilities. Mr. Murphy joins Altegris after serving as the Chief Investment Officer, Co-Portfolio Manager and Director of Risk for Hatteras Alternative Mutual Funds, a subsidiary of Hatteras Funds, for the past five years.

"I am very pleased Bob has joined our team," said Jack Rivkin. "He brings over 30 years of experience in asset management and investment banking to Altegris. Half of that time has been spent in alternatives. He has one of the longest performance track records in this fast growing segment of the mutual fund industry. Bob is an innovator, educator, as well as a superb investment manager and judge of talent."

"Bob joins the Altegris team at a compelling time in our industry," said Jon Sundt, CEO. "What started as a drop, when Altegris launched our first mutual fund four years ago, has become a wave of liquid alternatives in the marketplace. Bob will help Altegris continue to differentiate itself through product innovation, investment expertise and risk management to provide what we believe are the right solutions for financial advisors and their clients. "

At Hatteras Mr. Murphy led the portfolio management team with responsibility for establishing the policies, processes and direction for asset allocation, portfolio construction and portfolio management. In addition, Mr. Murphy, as Chief Investment Officer and Chairman of the Investment Committee, was responsible for the overall risk management of the Funds, including establishing risk/reward criteria and investment risk allocation. Prior to joining Hatteras, he was with Ivy Asset Management Corp. LLC, a division of BNY Mellon Asset Management, as a Managing Director in the Investments Group and in the Investment Products and Strategy Group.  Before joining Ivy in 2008, Mr. Murphy was a Partner and Director of Risk Management at Meridian Capital Partners, where, beginning in 2001, he worked in various senior capacities, including investment manager research and portfolio management. Earlier in his career, Mr. Murphy worked with several respected financial industry organizations including DLJ and Bear Stearns. Mr. Murphy received his BA and MBA degrees from the State University of New York at Albany. He has earned designations as a Charter Financial Analyst (CFA), Financial Risk Manager (FRM) and Chartered Alternative Investment Analyst (CAIA).

"While I take great pride in what we accomplished as a team at Hatteras, I believe that Altegris represents a next step in the evolution of supporting financial advisors in the task of creating appropriate, risk managed solutions by developing a range of product alternatives for their clients," said Mr. Murphy. "I am very excited to have this opportunity to join Jon Sundt, Jack Rivkin and the entire Altegris team, in working together to help financial advisors accomplish the goals they have set for themselves and their clients."

About AltegrisAltegris searches the world to find what we believe are the best alternative investments. Our suite of alternative investment solutions are designed for financial professionals and individuals seeking to improve portfolio diversification.

With one of the leading research and investment groups focused solely on alternative investments, Altegris follows a disciplined process for identifying, evaluating, selecting, and monitoring investment talent across a spectrum of alternative strategies including managed futures, global macro, long/short equity, event-driven and others. As veteran experts in the art and science of alternatives, Altegris guides investors through the complex and often opaque universe of alternative investing.

Alternatives are in our DNA. Our very name, Altegris, highlights our singular focus on alternatives, the highest standards of integrity, and a process that constantly seeks to minimize investor risk while maximizing potential returns.

The Altegris group of affiliated companies is wholly-owned and controlled by (i) private equity funds managed by Aquiline Capital Partners LLC and its affiliates ("Aquiline"), and by Genstar Capital Management, LLC and its affiliates ("Genstar"), and (ii) certain senior management of Altegris and other affiliates. Established in 2005, Aquiline focuses its investments exclusively in the financial services industry. Established in 1988, Genstar focuses its investment efforts across a variety of industries and sectors, including financial services. The Altegris companies include Altegris Investments, Altegris Advisors, Altegris Funds, and Altegris Clearing Solutions. Altegris employees are 100% focused exclusively on alternative investments. As of June 30, 2014, Altegris had $2.35 billion in client assets, and provided clearing services to $499 million in institutional assets.

For more information, please visit www.altegris.com and follow Altegris on twitter @Altegris.

Logo - http://photos.prnewswire.com/prnh/20130502/NY06733LOGO

CONTACT: Dana TaorminaJennifer Connelly Public Relations (973) 850-7305dtaormina@jcprinc.com

SOURCE Altegris


Carol Fox of John R. Wood Properties Honored With the 2014 Five Star Real Estate Agent Award Jul 24, 2014 09:07AM

Naples, FL (PRWEB) July 24, 2014

Five Star Professional is pleased to announce Carol Fox, John R. Wood Properties, has been chosen as one of Southwest Florida's Five Star Real Estate Agents for 2014.

Five Star Professional partnered with Gulfshore Life magazine to recognize a select group of Southwest Florida area real estate agents who provide quality services to their clients. Carol Fox was featured, along with other award winners, in a special section of the May issue.

"It is a privilege to be named a 2014 Five Star Real Estate Agent. Thank you to my clients for taking the time to recommend me and favorably evaluate my service. My clients are the reason I do what I do. It is so rewarding to know that I am making a positive impact on their lives," Carol Fox of John R. Wood Properties.

The Five Star Real Estate Agent award program is the largest and most widely published real estate agent award program in North America. Agents are measured using an objective, in-depth research methodology with significant focus on customer feedback and overall satisfaction.

"Our list of local Five Star Real Estate Agents can be an invaluable resource for anyone looking to buy or sell a home. These agents are exceptional in their field and their commitment to client satisfaction; and are right in your backyard," Jim Olson, CEO, Five Star Professional.

Carol Fox's Five Star award profile can be viewed here.

About the research process:
Now entering its 12th year, Five Star Professional conducts in-depth, market-specific research in more than 45 markets across the United States and Canada to identify premium service professionals.

Five Star Professional contacts thousands of recent homebuyers to identify award candidates. Phone, mail and online respondents rate their real estate agent on 10 satisfaction criteria. Candidates with a qualifying client satisfaction rating move on to be evaluated on objective criteria such as experience, production levels and disciplinary and complaint history.

Real estate agents do not pay a fee to be considered or awarded. For more information, visit http://www.fivestarprofessional.com.

Read the full story at http://www.prweb.com/releases/2014/07/prweb12041489.htm


2014 Tennessee Fiduciary Summit Gathers Employers and Industry Experts to Discuss 401(k) and 403(b) Best Practices Jul 24, 2014 09:07AM

Nashville, TN (PRWEB) July 24, 2014

The 2014 Tennessee Fiduciary Summit is a workshop that brings together both local and national expertise to interact with employers made up of CFOs, HR Directors, and Business Owners. Speakers will provide insights to help employers reduce fiduciary risk, identify plan upgrades, and make better decisions that positively impact participants.

Jon Freye, Managing Director at Xponential Growth Solutions emphasizes, "We believe well-informed people make well-informed decisions and well-informed decisions lead to excellent results. Employers, plan sponsors and employees deserve excellent results!"

James Lyday - Financial Advisor at Wells Fargo Advisors, and James Aid - Vice President, Investment Officer at Wells Fargo Advisors will be leading the discussion on fiduciary topics impacting local plan sponsors. Guest speakers include:

-Mark Blackburn, Accounting & Assurance Partner – Lattimore Black Morgan and Cain P.C.
-Jennifer S. Kiesewetter, Partner – Butler Snow LLP
-Dave Donaldson - Former Senior DOL Investigator, President & CEO – ERISA Smart
-Chris Hartnett, Senior Vice President - Human Capital - Willis
-Chris Crevasse, Member - Miller & Martin Law

Topics of discussion include:

1) What Every Fiduciary Needs to Know for 2014 & 2015
2) Target Date Fund Panel
Presented by PIMCO, Allianz, Manning & Napier
3)Preferred Investment Strategy Discussion
American Century, Prudential, Legg Mason,
3) Local Industry Professional Fireside Chat
4) Case Studies & Success Stories - Local Plan Sponsor Peers

The 2014 Tennessee Fiduciary Summit is the eleventh stop of the Retirement Plan Roadshow and will be held at Vanderbilt University on July 30th, 2014 from 11:00 AM to 2:30 PM (Lunch will be served). The 2014 Tennessee Fiduciary Summit is approved for 3 CPE/CPA credits and 3 HRCI general credits. Seating is limited and local plan sponsors will receive priority registration. Additional details and registration information can be found using the link below.

http://xgrowthsolutions.com/retirement-events/2014/07/2014-tennessee-fiduciary-summit/

About Wells Fargo Advisors, LLC

A National Investment Firm With a Heritage of Client Service and
Unparalleled Capabilities
Wells Fargo Advisors is one of the nation's premier financial services firms, serving and advising clients nationwide through more than 15,000 Financial Advisors. As the heir to some of America's most respected regional firms, which came together through mergers over many years, Wells Fargo Advisors has retained a strong and abiding commitment to exceptional service based on trust and knowledge and a determination to put client needs above all else.

Our advisors work with clients to understand their needs and life goals and then help them develop individual investment plans and investment portfolios that are easy to understand and monitor. What's more, as part of Wells Fargo & Company, Wells Fargo Advisors has the ability to draw on extensive experience and products across our company to satisfy our clients' investment needs and help them succeed financially.

An active and engaged corporate citizen, Wells Fargo Advisors strives always to make our communities stronger and better. Our firm partners with team members and organizations across the country to promote the long-term economic prosperity and quality of life for everyone in our communities through philanthropy and volunteer activities.

A Non-Bank Affiliate of Wells Fargo & Company
Wells Fargo Advisors is a non-bank affiliate of Wells Fargo & Company, one of the nation's largest, strongest, and most respected financial institutions. In business since 1852 and named on Fortune magazine's "World's Most Admired Companies" list for 2009, 2010, 2011, 2012, 2013 and 2014. Wells Fargo is known and respected for its responsible stewardship of its clients' assets.

© 2009-2014 Wells Fargo Advisors, LLC. All rights reserved.
Investment and Insurance Products:
NOT FDIC-InsuredNO Bank GuaranteeMAY Lose value
Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company. Envision® is a registered service mark of Wells Fargo & Company and used under license.
Links to third-party websites are provided for your convenience and information purposes only. Wells Fargo Advisors is not responsible for the information contained on third party websites.

About Xponential Growth Solutions
Xponential Growth Solutions (XGS) has helped thousands of retirement plan sponsors/employers reduce fiduciary risk, identify plan upgrades, and make better decisions that positively impact millions of participants.

We are independent of investment professionals, third party administrators, fund companies, and recordkeepers. With our expertise in regulations and industry best practices, XGS is able to provide unbiased education, recommendations, and referrals. Our transparent information and solutions equip employers with the tools and confidence to maximize the value of the plan for both the employee and employer.

Read the full story at http://www.prweb.com/releases/2014/06/prweb11963219.htm


More Press Releases

View Older Stories

Jul 24, 2014 09:07AM Insurance Agency Finds New Customers Using Infofree.com's Sales Leads
Jul 24, 2014 09:07AM inteVISTA Releases a Plugin That Allows Users to Monetize Their Adobe Connect Offerings
Jul 24, 2014 09:07AM Mortgage Rates Falling, Secure One Capital Ready for Increased Demand
Jul 24, 2014 09:07AM CashStar to Speak at the Incentive Marketing Association Executive Summit
Jul 24, 2014 09:06AM Trinity Hires New Consulting Actuary
Jul 24, 2014 09:06AM Jim Dewitt of Reece & Nichols Honored With the 2014 Five Star Real Estate Agent Award
Jul 24, 2014 09:06AM HPA to Host Symposium Leading Into SMPTE® 2014 Annual Technical Conference & Exhibition
Jul 24, 2014 09:06AM Hash House Harrier's Red Dress Run Announces Partnership with New Orleans Hotel Collection in a Benefit Event with a Twist
Jul 24, 2014 09:06AM Exact Data Completes Updates to its Database, Adds Thousands to Opt-In Email Lists
Jul 24, 2014 09:06AM Decor Authority Partners with TRIXMEDIA For Branding Services
Jul 24, 2014 09:06AM Deem(R) Announces Major Commitment to Travel, Spend and Expense Management Market
Jul 24, 2014 09:05AM Royal Chemical Hires New EH&S and Regulatory Compliance Specialist
Jul 24, 2014 09:06AM ACHC Sleep Accreditation Accepted by Florida Local Coverage Determination
Jul 24, 2014 09:05AM InventHelp® Client Invention Prolongs Life of Worn-Out Shoes (CCT-745)
Jul 24, 2014 09:05AM Green EnviroTech Holdings Signs Authorized Representative Agreement With EcoEnergy Ventures For Source Funding In China
Jul 24, 2014 09:05AM FINDEP delivers Net Income of Ps.63.1 million, a 12.1% YoY growth, and an NPL ratio of 6.7%, a 57 bps contraction YoY(1)
Jul 24, 2014 09:05AM National Academy of Distinguished Neutrals Announces Missouri Chapter
Jul 24, 2014 09:05AM Alliant Energy Corporation Announces Second Quarter 2014 Earnings Release And Conference Call
Jul 24, 2014 09:05AM Terra Tech Corp Subsidiary, MediFarm, Submits Application for Medical Marijuana Dispensary in Las Vegas
Jul 24, 2014 09:05AM Green EnviroTech Holdings Signs Authorized Representative Agreement With EcoEnergy Ventures For Source Funding In China
Jul 24, 2014 09:05AM Alkaline Water Co. Products Now Available at FoodMaxx Maximum Discount Supermarkets
Jul 24, 2014 09:05AM Terra Tech Corp Subsidiary, MediFarm, Submits Application for Medical Marijuana Dispensary in Las Vegas
Jul 24, 2014 09:05AM Inuvo to Announce 2014 Second Quarter Results and Host Conference Call on July 31st
Jul 24, 2014 09:05AM Best of Breed: Barking Up a Storm for Petplan's Annual Veterinary Awards
Jul 24, 2014 09:05AM Ready Trucking Achieves Productivity Improvement Goals with Rand McNally TND™ 760 Devices
Jul 24, 2014 09:04AM Mosaic Appoints Bruce Ledesma as Chief Operating Officer
Jul 24, 2014 09:05AM Amazon Web Services Certifies Agilex as an Advanced Consulting Partner
Jul 24, 2014 09:05AM Lithium Exploration Group CEO Distributes July Newsletter 1/3 -- Lithium
Jul 24, 2014 09:05AM Enduring High-Performing Companies Pay Executives Differently From Other Companies in S&P 1500, Towers Watson Study Finds
Jul 24, 2014 09:04AM Wright & Filippis Implements Brightree's Billing and Business Management Platform
Jul 24, 2014 09:04AM PaymentVision CEO Interviewed for CEOCFO Magazine
Jul 24, 2014 09:04AM Italian Education Inspires Entrepreneur to Open Oil & Vinegar Franchise
Jul 24, 2014 09:04AM Webimax CEO Ken Wisnefski Released The Following Statement on Reports That Mobile Ad Spending Is Surpassing Print and Radio
Jul 24, 2014 09:04AM TandemNSI Produces New White Paper to Accelerate the Engagement of Entrepreneurs With National Security Challenges
Jul 24, 2014 09:03AM Accenture Positioned Furthest and Highest within Leaders Quadrant of Gartner's Magic Quadrant for Business Analytics Services
Jul 24, 2014 09:03AM Cyberoam CR500iNG-XP Honored as Gold Winner in the 9th Annual 2014 Hot Companies and Best Products Award in Firewall Category
Jul 24, 2014 09:03AM Momondo Launches Trip Finder to Inspire Curious Travelers with New Adventures
Jul 24, 2014 09:02AM Wipro Limited Net Income for the quarter grew 30% YoY
Jul 24, 2014 09:02AM Maryland Brazilian Jiu Jitsu Champion, Devon Delbrugge Goes Undefeated at International Brazilian Jiu Jitsu Federation (IBJJF) tournament
Jul 24, 2014 09:02AM Alpha Develops Uranium Targets for Summer Work Programme at Carpenter Lake, Athabasca Basin, Saskatchewan
Jul 24, 2014 09:02AM Muckleshoot Casino, Washington State’s Largest Operator, Selects Bally Technologies’ Systems Solutions
Jul 24, 2014 09:00AM Zecotek Display Systems and the Institute of Chemical Physics of the National Academy of Sciences Develop High-Performance Materials for use in 3D Printing
Jul 24, 2014 09:00AM Brazil Minerals, Inc. Expands Operational Team in Brazil
Jul 24, 2014 09:02AM Palumbo Joins North American Title Agency's Hudson County Team
Jul 24, 2014 09:00AM Overstock.com Reports Q2 2014 Results
Jul 24, 2014 09:02AM Zirtual Announces 300 New Job Openings in its Growing Online Virtual Assistant Service
Jul 24, 2014 09:01AM Tech Data Appoints Maurice O. Hamilton to Vice President, Technical Services
Jul 24, 2014 09:02AM Appy Pie Launches API for Restaurants to Build Food Ordering Apps
Jul 24, 2014 09:02AM Midokura Garners More Industry Recognition for Disruptive Technology and Growth
Jul 24, 2014 09:02AM Septodont Donation Helps Children in Need
View Older Stories