If you’re following what’s happening in the current housing market, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s buyers. Another reason is that the … [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.
Housing Affordability Index: Homes Are More Affordable Now Than 20 Years Ago
There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years. It’s not, … [Read more...]
Home Affordability: Rents Outpace House Prices
Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a … [Read more...]
Financial and Non-Financial Benefits to Owning a Home
When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more … [Read more...]
Here’s a One Big Way Homeowners Benefit Over Renters
One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on … [Read more...]
Rent Vs. Own a Home [INFOGRAPHIC]
Some Highlights: Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space. Whether you rent or own, you have to cover someone’s … [Read more...]
Is Renting a Home the Best Choice for Me?
If you’re currently renting and have dreams of owning your own home, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be … [Read more...]
A Breakdown of Millennial First-Time Homebuyer Stats [INFOGRAPHIC]
Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more … [Read more...]
5 Big Reasons to Own Your Home And Not Rent
Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers … [Read more...]
Is It Better To Rent Or Own A Home?
In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising … [Read more...]
Spring 2019: The Cost of Renting vs. Buying [INFOGRAPHIC]
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...]
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...]
