For young people, moving to the Vero Beach and buying a Vero Beach home hasn’t made much mathematical sense for decades. But now add a new economic fact of life to the list: soaring student loan debt. More students are taking out bigger loans than ever before, and in the last 10 years alone, education debt tripled, reaching over $1 […]
Renting a Vero Beach House – Many Overspend
Renting a XXX house used to be a popular choice over buying because it was cheap. Today, 1 out of 3 people pay rent for a 3-bedroom home that is more than 30% of their monthly median income, according to RealtyTrac. So why do people continue renting a XXX house instead of buying, you might ask? Years of economic uncertainty […]
Vero Beach Homeownership Dream Fading Away
The dream of Vero Beach homeownership appears to be fading, according to a recent poll by Harris Poll conducted on behalf of the the National Endowment for Financial Education (NEFE). 50 percent of American adults say their top financial goal is having enough money for retirement. In fact, the percentage of people who cite having enough money for retirement as […]
Will Boomers Create the Next Vero Beach Housing Crisis?
A potential Vero Beach housing crisis is looming due to the unknowns surrounding the group of homeowners known affectionately as the "Baby Boomers." These babies, born between 1946 and 1964, are now between 50 and 67 years old. Many are at or near retirement age, and many of them no longer need the large homes in which they raised their […]
What Rising Vero Beach Home Values Mean for You
Vero Beach home values have been on the rise for the past couple of years following one of the worst economic crashes in modern day history. But what does this mean for you as a Vero Beach homeowner? The most obvious advantage of rising Vero Beach home values is, you may be in a better position to sell, if that's […]