Page 16 - Palm City Spotlight - January '22

Page 16, Palm City Spotlight

real estate

Treasure Coast Real Estate things such as blockages in the product supply chain, they Will this cause a collapse in the housing market like we saw
Report won’t be going down. in 2010? Not likely, but it will certainly slow things down.
Since the government can’t allow record inflation to
For buyers it should mean that the present lack of
continue for too long, they will eventually have to do inventory of existing homes, and the crazy bidding wars,
Will Inflation Finally Catch Up With The Housing something. Raising the federal funds rate is the most effective will come to an end. For sellers it will mean that your home
Market? and it will likely begin in 2022. won’t sell in one day.
By Jim Weix Although that might be good news, as interest paid on Jim Weix is a broker associate with The Keyes Company.
Houston, we may have a certificates of deposit, checking and savings accounts will Jim has 24 years of experience selling real estate full time.
problem. go up, so will mortgage rates. That will affect housing costs, If you have questions or want the services of an experienced
The prices of U.S. as record low mortgage rates have been one of the things expert, you can reach Jim at (772) 341-2941 or jimweix@
consumer goods have risen driving the increasing record high housing costs. jimweix.com.
by more in the last year than
at any time since the early Kids corner
1980s. If you remember
that period, you will also
remember mortgage rates as
high as 24 percent. Make Your Child A Better struggling readers continue to need you to be the guide
That was because the by their side. Many children enjoy reading graphic novels
Federal Reserve combated inflation by increasing the federal Reader such as I Survived or The Baby-sitters Club.
funds rate, an overnight benchmark rate that banks charge each Next, recognize and verbalize that you notice your
other. Continued hikes in the federal funds rate pushed 30-year By Jim Forgan, Ph.D., child’s struggle. It is alright to say, “I know reading is
fixed mortgage rates to an all-time high of 18.63 percent in School Psychologist harder for you but you have what it takes to become
1981. Eventually, the Fed’s strategy paid off, and inflation fell Every child needs to a good reader. The more we practice, the better you’ll
back to normal historical levels by October 1982. learn how to read but one in become.” Teach your child to have grit which is the ability
Today, factors that the Fed has characterized as “transitory” five children have dyslexia to start and stick with a task until it’s finished. Notice
are persisting along with the health crisis. With each new so it is no surprise that your child having grit in a preferred task and then link it
COVID-19 variant or surge in cases, consumer demand for many kids have problems back to the harder task. You might say, “You really stuck
goods swells. This increases costs that are ultimately passed learning to read. Warning with that project and put in a lot of effort to finish it. You
onto consumers. As a result, year-over-year price changes for signs of dyslexia include can have that same kind of grit when it comes to reading
things like furniture (11.8 percent), appliances (4.9 percent), having a family member or anything you set your mind to accomplish.”
clothes (5 percent), new and used motor vehicles (11.1 diagnosed or suspected Third, if your child and you butt heads during academic
percent and 31.4 percent), and recreational commodities to have dyslexia, slow work time, hire a well-qualified reading tutor. It takes
(3.9 percent), like TVs (7.9 percent) and sports equipment reading aloud, difficulty sounding out unfamiliar words, at least twice a week tutoring to make a substantial
(8.4 percent), are surging. Home prices in several areas of and weak everyday spelling. difference in your child’s reading ability. I have a list
Florida have gone up over 40 percent. Here are three ways you can help make your child a of specialized reading tutors at JimForgan.com/tutor or
Some in the government would like us to believe that better reader. visit the Lindamood-Bell Learning Center in Palm Beach
this runaway inflation is only temporary. They claim that First, make reading enjoyable and capitalize on your Gardens or the Reading Success Center in Palm City.
everything will be fine once the ships sitting off California child’s interests since when we are interested in a topic it We offer dyslexia, learning disability, IQ, and ADHD/
are unloaded. Don’t believe it. holds our attention and intrinsically motivates us. Children ADD testing. Learn more at JimForgan.com or call (561)
Wage increases also have been driving up prices. So have who struggle with reading need adults to read to and with 625-4125.
things like the just enacted tariff on Canadian lumber. These them well into middle school. While typical readers prefer
are not temporary causes of inflation. Unlike temporary to read by themselves starting in about fourth grade,