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...
by Mark Chaffee | Oct 13, 2017 | Financial Fitness, Owning Vs Renting
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth...
by Mark Chaffee | Oct 4, 2017 | Housing Affordability, Mortgage Tips, Owning Vs Renting, Vermont Real Estate
Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index...
