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 InvestmentđĄđ°
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: âThe desire for homeownership is strong. Many prospective buyers are… [Read More]
Emotional Benefits of Homeownership
With higher mortgage rates, you might wonder if nowâs 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 â rental prices have also skyrocketed. As a recent article from realtor.com says: âThe median rent across the 50 largest US metropolitan areas reached $1,876… [Read More]
How Homeownership Impacts You đ¨
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]
Homeownership Can Bring You Joyâşď¸
If youâre trying to decide whether to rent or buy a home, youâre probably weighing several factors. Of course, the financial benefits of homeownership might be one of the reasons you want to purchase if youâre a renter, but the decision can also be motivated by having a place thatâs uniquely your own. If you… [Read More]
Key To Wealth Is Homeownership đ
The link between financial security and homeownership is essential today as inflation rises. But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says: âHomeownership is rewarding in so many ways and can serve as a vital component… [Read More]
Benefits of Homeownershipđ
The past two years have taught us the actual value of homeownership, especially the stability and the feeling of accomplishment it can provide. But homeownership has so much more to offer. Here’s a look at a few of the non-financial and financial benefits of owning a home. So if you’re looking to buy a home… [Read More]
Is Now The Time To Buy A Home?đ¤
Many renters ask themselves the same question every year: Should I continue renting, or is it time to buy a home? If youâre a renter, youâve asked yourself that question at least once, and itâs likely because youâve faced an increase in your monthly housing costs over time. After all, according to Census data, rents have risen consistently for… [Read More]