All locations will be closed Thursday, November 28, for Thanksgiving. We will be open regular hours on Friday, November 29.
Registration for free estate planning seminars is now open.
Today’s Chart of the Day from ResiClub shows the average 5-year home price return has averaged 26% per state since 1975. This works out to an average of 5.2% a year. The highest at 34% was in California and the lowest at 14% in Oklahoma, with Florida being in the middle at 29%.
Overall, these are solid returns from a generally stable and physical investment we get to use (and often live in); however, it is still short of the 6.5% annual return from bonds and 12% from the stock market over the same time period.
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.