Blog :: 05-2016
This majestic mountain aerie, Shelter Island Estate, sits atop a solid granite foundation on 24-acre Shelter Island, rising from Montana’s Flathead Lake; one of the top 3 cleanest lakes in the world. This rare offering, currently the largest private home in Montana, features over 32,000 square feet of structures and commands 7,000 feet of prime lakeside frontage, extremely unique for private ownership. Being situated next to Glacier National Park is one more facet in this incredible jewel of a property.
Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to an economic forecast forum at the 2016 Realtors® Legislative Meetings & Trade Expo.
Among the topics addressed were: the growing burden repaying student loan debt is having on young adults, the housing market and the overall U.S. economy.
The new Forbes ranking of the wealthiest individuals declared Abigail Johnson, CEO of Fidelity Investments, as the wealthiest individual in Massachusetts with a net worth of $14.7 Billion.
New home sales data released this week showed that sales were 16.6 percent higher than March when comparing the seasonally adjusted annualized rates, and 23.8 percent higher than last year.
This news comes from estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
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