Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a … [Read more...]
Articles for Renters Considering Buying a Home
Are you currently renting a home? Then following articles may well be worth your time reading. Also my Rent vs. Buy page focuses on key points to be aware of as a renter thinking about buying a home. This information is likely to bring up questions so please do not hesitate to reach out to me.
Since 2005, Renters Pay Higher Rental Rates While Owners Pay Lower Mortgage Rates
In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December … [Read more...]
Top 5 Reasons Why Young Renters Chose to Buy a Home [INFOGRAPHIC]
Why Millennials Choose to Buy a Home... To have control over their living space To have a sense of privacy and security To live in a nicer home To feel engaged in their community To have flexibility in future … [Read more...]
This Time is Different – An Economic Recession Will NOT Cause a Housing Crisis
If you're thinking about buying or selling a home, you may be wondering how the housing market will be impacted by a recession. Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. … [Read more...]
Self-Made Millionaire Tells Millennials to Buy a Home and Not Rent
In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your … [Read more...]
Wow, Homeownership Really Does Impact Your Long-Term Finances
Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: … [Read more...]
