A Great Way to Increase Your Family’s Net Worth

Every three years, the Federal Reserve conducts its 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% increase since 2013. At the same time, the median net worth of renters decreased […]

The Benefits of Growing Equity in Your Home

Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked benefits of rising home prices is the positive impact they have on home equity. Let’s break down three ways this is a win for […]

American Confidence in Housing at an All-Time High

Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions. Great News! […]

Thinking of Selling Your Home? 8 Ways to Know You’re Ready

So many factors go into deciding if you’re ready to sell your home. Will local market trends make the sale worthwhile? Are you ready to part with your home and all the memories you’ve made there? To help you determine if it’s time to sell, take a look through these eight ways to know you’re […]

COOL AT THE POOLS FOR A WHILE LONGER

The pools are always a challenge for our staff, from cleaning, maintaining the proper chemicals , informing the public about rules and proper attire, as well as staffing lifeguards. It is eight week long season that goes by so quickly. The final swim meet at Raco is this weekend. We will be closing the pools […]

Millionaire to Millennials: The Costly Mistake of Not Buying Now

On his personal website, self-made millionaire David Bach makes a striking statement:  “Not prioritizing homeownership is the single biggest mistake millennials are making.”  He further stated, “Buying a home is an escalator to wealth.” Bach explains: “Young adults in particular aren’t hopping on this escalator, and it’s a costly mistake…If millennials don’t buy a home, their chances […]

GROUNDBREAKING, AND NOW IT’S OPEN

A ground breaking ceremony at the newest addition to Derryfield Park the FitLot, sponsored by AARP was held on July 9th. AARP officials gathered with Mayor Craig, Alderman Will Stewart, MPRC staff and many AARP members to celebrate. The FitLot is now done and WMUR came to film a story featuring the outdoor fitness area […]