One result of the last few years for most of us is a change in our perspective about spending, and saving, habits. Personal savings rates have increased significantly in the US compared to 5 years ago, from -0.5% in 2005 to 5% in September of 2010. That’s a start. The idea of saving for the future, from that occasional “rainy day” to the dream of someday retiring, is something most people are taking much more seriously these days.
This recent article from U.S. News places Washington State as a great place to build a “nest egg” for the future. U.S. News created an index to measure which states are the best for Americans who are saving for retirement and Washington ranked #4! Home prices here are expected to surge by 6.6% per year between 2010 and 2013, according to Moody’s Analytics, providing residents who are downsizing for retirement with opportunities to put away some extra cash.
As always I appreciate the opportunity to help you build your nest egg over the long-term and continue to endeavor to provide you with useful information to help you make sound decisions along the way.
Windermere Real Estate