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%...
Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking too much about it. Living within a budget right now will help you save money for down payments while also paying down...
With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago. Here are three key metrics that will...
2018 3rd Quarter Stowe & Surrounding Area Real Estate Update On a national level, the pace of existing-home sales are expected to decline slightly in 2018 due to declining affordability; yet in our regional market, the numbers through the 3rd quarter are...
2018 Q2 Stowe Area Market Update Local Market Activity The Stowe area real estate market is mirroring the national market trends with relatively flat sales activity to date compared to last year. Lawrence Yun, NAR chief economist, is attributing this to the...
Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home. However, it is not just the price of a home that determines its affordability. The monthly cost of a home is...
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