If you’re trying to decide whether to rent or buy a home, you’re probably weighing several factors. Of course, the financial benefits of homeownership might be one of the reasons you want to purchase if you’re a renter, but the decision can also be motivated by having a place that’s uniquely your own. If you… [Read More]
Key To Wealth Is Homeownership 💎
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: “Homeownership is rewarding in so many ways and can serve as a vital component… [Read More]
Benefits of Homeownership🏘
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?🤔
Many renters ask themselves the same question every year: Should I continue renting, or is it time to buy a home? If you’re a renter, you’ve asked yourself that question at least once, and it’s likely because you’ve faced an increase in your monthly housing costs over time. After all, according to Census data, rents have risen consistently for… [Read More]
Owning Is More Affordable 💰🏠
If you were thinking about buying a home this year but have already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. . . Owning… [Read More]
Pre-approval Is The Key in 2022 👌
You may have heard that it’s essential to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter before making an offer. Here’s why. Being intentional and competitive… [Read More]
With Mortgage Rates Climbing 🧗🏽
Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected. Experts have been calling for rates to rise… [Read More]
Why Waiting To Sell ⏳
Many homeowners who plan to sell in 2022 may think the wise thing to do is wait for the spring buying market since, historically, about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm. So here are five reasons to list your house… [Read More]
Avoid the Rental Trap in 2022 🪤
Are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide whether to look for a new house or another apartment, it’s essential to understand the actual costs of renting in 2022. As a renter, you should know rents have been rising since 1988 (see graph below):… [Read More]
How Much Down Payment? 💰
As you set out on your home buying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment? If you think you have to put 20% down, you may have set your goal based on a… [Read More]