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Featured Advisor



Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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Existing Home Sales Rise 7.7 Percent in August

More investors buy existing homes, snatching up bargains and hedging against inflation.

| BY Adriana Reyneri

In positive news for the troubled housing industry, sales of existing homes rose 7.7 percent in the month of August and are 18.6 percent higher than sales for August 2010, according to a report released today by the National Association of Realtors. 

Rising rents, record low interest rates and discounts on prices boosted the market, said Lawrence Yun, the association’s chief economist. “Investors were more active in absorbing foreclosed properties,” he said. “In addition to bargain hunting, some investors are in the market to hedge against higher inflation.”

 Investors accounted for 22 percent of purchases in August, up from 18 percent in July, while first-time buyers accounted for 32 percent of sales.

 Hurricane Irene disrupted sales along the Eastern seaboard and into New England, while tight credit and low appraisals continue to constrain both new and existing home sales across the nation.