by Mark Chaffee | Feb 13, 2018 | Financial Fitness, Housing Affordability, Owning Vs Renting, Vermont Real Estate
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your...
by Mark Chaffee | Jan 29, 2018 | Financial Fitness, Housing Affordability, Owning Vs Renting, Vermont Real Estate
According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.” For the report, ATTOM Data Solutions compared...
by Mark Chaffee | Nov 27, 2017 | Financial Fitness, Housing Affordability, Owning Vs Renting, Vermont Real Estate
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, buying...
by Mark Chaffee | Nov 16, 2017 | Financial Fitness, Housing Affordability, Mortgage Tips, Owning Vs Renting, Vermont Real Estate
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the...
by Mark Chaffee | Oct 24, 2017 | Housing Affordability, Mortgage Tips, Owning Vs Renting, Vermont Real Estate
A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less. The trend continued among all buyers with a mortgage, as 73% made a down payment of less than 20%. An article by Chase points to...
by Mark Chaffee | Oct 18, 2017 | Financial Fitness, Housing Affordability, Owning Vs Renting, Vermont Real Estate
In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers show that the range is an average of...