Wednesday, July 25, 2012

Humanitarian Help for Haiti

Christine Meserve, a loan officer at the Princeton corporate office, has spent the last fifteen years doing humanitarian work from Peru to Africa, and dedicated much of her time over the recent years to those suffering in Haiti.

As the Team Coordinator for The Flying Doctors International Chapter, she is responsible for 90% of the fund raising, purchasing and preparing for travel all of the necessary medications, pharmacy manager in country, among other responsibilities. In the years since the devastating Haitian earth­quake, Christine and her organization have been setting up remote medical clinics deep in the mountains and jungles of the country, where peo­ple have little access to medical care of any kind.

This past March, Christine visited two villages that had never seen a doctor before. The workload is intense, with over 2000 patients seen over a five day period, but she always feels that she receives more from this work than she gives.

“It is exhausting, challenging, heartbreaking, and I am grateful and honored to be a part of it,” she said.

Christine is especially passionate about medical humanitarian aid in developing countries, and she advises those looking to get involved to choose an organization that caters to your passions as well. There are likely already outstanding organizations you can join that have the same goals as you – improving education, the environment, and so on.

“I love the people in these countries, the inspiring individuals I work with, and the remote and chal­lenging nature of the locations that we travel to,” said Christine. “The clinics are real, raw, and the gratitude that these patients genuinely have is humbling. Their needs are simply greater than anything we can imagine here. Last year we took over 1600 pounds of medical supplies alone.”

Tuesday, July 10, 2012

Now Cheaper To Buy Than To Rent

It is now considerably cheaper to own a home than to rent that same home, something unheard of since 2008.

This and other promising information about the housing market was recently released by Harvard in their annual “State of the Nation’s Housing,” an in-depth study performed by The Joint Center for Housing Studies at Harvard University.

Because of historically low mortgage rates and low home prices post-recession, it is a perfect time to buy.

On the other hand, rent prices are soaring, especially in the Bay Area. According to Trulia, San Francisco and Oakland saw the biggest jumps in rent in the United States over the last year, with increases of 14.7 percent and 11.2 percent, respectively.

“With rents up, home prices sharply down, and mortgage interest rates at record lows, mortgage costs relative to monthly rents haven’t been this favorable since the early 1970s,” said Eric S. Belsky, managing director for the Joint Center for Housing Studies at Harvard.

The report also noted that today, mortgage payments for the median priced US home are roughly half of what they were in 1990. The study showed that mortgage payments are now 23% less than rent payments for the median priced home.

This means that it is a fantastic time to be a home buyer, and to get off of the fence if you’ve been waiting for the market to turn around.

Take a look at the entire Harvard study here:

http://www.jchs.harvard.edu/research/state_nations_housing.

Thursday, July 5, 2012

New-Home Sales Rise 7.6%

New-home sales got a boost in May, with a 7.6% rise in single-family homes, the highest level since April 2010. They are also selling at the quickest rate in two years, reported the Commerce Department.

Prices of new homes are also on the rise, with a 5.6% increase over year-ago levels, for a median price of $234,500.

According to David Crowe, National Association of Home Builders’ chief economist, “May’s sales report is a welcome sign that the market has returned to a more solid growth path following lackluster reports in March and April, and is in keeping with our expectations for continued, steady improvement through the end of this year.”

However, full recovery is still being held back by low appraisals and lack of available credit, said Crowe.

To read more, check out Realtor Magazine’s article here.