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The Bateman Group Blog

July 2019 Central Vermont Real Estate Market Report

With the second quarter complete, we can confidently say that sales are up 9% year-over-year for residential homes in Lamoille County for 2019. There has been a slight decline in both land and condominium sales. The condo inventory in Central Vermont has been low, and...

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Multiple Offer Situations – Should Buyers Compete?

Outside of an urban market, multiple-offer situations are not a frequent occurrence… yet as inventory lessens and Sellers are dictating terms, even in our rural Vermont market we are seeing multiple offer scenarios more frequently - especially in the price range below...

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The Housing Market Will “Spring Forward” This Year!

Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market. Many potential sellers believe that waiting...

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Home Prices Up 5.73% Across the Country! [INFOGRAPHIC]

  Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another...

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No Worries… Home Prices Coming in for a SOFT Landing

Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time they will come in...

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Interest Rates Hit New 12 Month Low!

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!   Last week’s survey results reported an interest rate of...

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What are the Benefits of Becoming a Homeowner?

Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time! Why is this date...

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How Can I Increase My Family’s Net Worth?

Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15%...

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