Protective moats help companies produce excess returns over the long term. Moats are created by strengths, such as powerful brands, proprietary technology, and scale advantages from the sheer size or network effects (more users make a service more valuable). (Marketwatch)
Concord, NH was one of the hottest markets in the US in June with prices about $20,000 less than the city it displaced for the hottest market title—Manchester, NH, which held the top spot for 9 of the past 12 months. In the past, homebuyers were drawn to Manchester due to the nearby Boston metro's high median home prices, which spiraled to $759,000 in June. But now, with Manchester home prices at $478,000, cash-strapped homebuyers dealing with higher interest rates are searching for affordable alternatives nearby. And, like Manchester, Concord is within driving distance (about 1 hour away) of Boston. New Hampshire has a flat 5% individual income tax rate levied only on interest and dividends income and a 7.6% corporate income tax rate. It has no state sales tax and does not levy local sales taxes. Massachusetts next door has a 5% tax on both earned (salaries, wages, tips, commissions) and unearned (interest, dividends, and capital gains) income, and certain capital gains are taxed at 12%
Are REITS more attractive than owning individual rental properties? The advantages and disadvantages vary, but some advantages of a REIT include not having to manage properties and removing the risk of calculating returns inaccurately.
Whether you are in Dallas, Phoenix, Madrid, London or Milan, stay hydrated as massive heat waves engulf many parts of the planet, attaining some record high temperatures in areas.
JPMorgan Chase, the 5th-biggest mortgage lender in the US, reported origination volume of $21.9 billion from April to June, a decline of 11% compared to the prior quarter, down 45% compared to the 2nd quarter of 2021.
Something NEW and EXCITING is here! The Northern California region has released its first edition of SPHERE | PENINSULA, a new virtual magazine featuring a collection of stories from our stellar COMPASS agents. In their essays, each agent shares lessons they've learned in their careers, spanning from investment advice to navigating working in a people business. I encourage you to explore their stories here. Enjoy!