Posts from June 2016

Montague Miller Blog

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buying a home | 117 Posts
mortgage | 5 Posts
real estate news | 51 Posts
selling a home | 51 Posts
Uncategorized | 11 Posts
June
29

title graphic montague miller homeowner net worth great than renterEvery three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner's net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

In a recent Forbes article the National Association of Realtors' (NAR) Chief EconomistLawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater.

The graph below demonstr...

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June
17

Congrats to Relocation Coordinator Joy Long and the rest of the Montague Miller team for their recent recognition by Leading Real Estate Companies of the World. Keep up the good work!

June
15

rent vs buy either way you are paying a mortgage mm blog titleThere are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord's.

As The Joint Center for Housing Studies at Harvard University explains:

"Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of...

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June
1

why now is a great time to list your house to sellIf you are debating listing your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes For Sale

The National Association of REALTORS' (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage:

"While feedback from REALTORS® continues to suggest healthy levels of buyer interest, available listings that are move-in ready and in affordable price ranges remain hard to come by for many would-be buyers."

The latest Existing Home Sales Report

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