You’re probably feeling the impact of high inflation daily as prices have increased on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent rises. Between all those elevated costs and uncertainty about a potential recession, you may wonder if it still makes sense to buy a home today…. [Read More]
Why Buying Beats Renting Today
Are you wondering if you should continue renting or buying a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988. And data from the latest rental report from Realtor.com shows rents… [Read More]
Home Prices Forecast for 2023 & Beyond
Home prices have been widely discussed over the past year, with various opinions on whether they will decrease significantly or appreciate slightly depending on location. As we approach the spring real estate market, experts continue to predict what will happen with home prices in the coming year. According to Selma Hepp, Chief Economist at CoreLogic,… [Read More]
Steer Clear of the Renting Pitfall in 2023
As a renter, you’re faced with a big decision every year: renew your lease, start a new one, or buy a home. Before you make any decisions, it’s essential to understand the actual costs of renting in the long term. Realtor.com reports that 74.2% of renters who moved in the last 12 months saw their… [Read More]
Avoid the Rental Trap in 2023
If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the costs of renting moving forward. In the past year, both current renters… [Read More]
Homeownership Is an Investment🏡💰
Many people are thinking about buying a home, but with everything affecting the economy, some wonder if it’s an intelligent decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: “The desire for homeownership is strong. Many prospective buyers are… [Read More]
Emotional Benefits of Homeownership
With higher mortgage rates, you might wonder if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their Home Truly Their… [Read More]
The U.S. Homeownership Rate Is Growing
The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage… [Read More]
Homebuying Make More Financial Sense
Consider this if rising home prices leave you wondering if renting or buying a home in today’s housing market makes more sense. It’s not just home prices that have increased in recent years – rental prices have also skyrocketed. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876… [Read More]
How Homeownership Impacts You 👨
June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can indeed be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community, an investment, and a place you can put your stamp on. If you’re thinking about buying… [Read More]