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]
Homeownership Can Bring You Joy☺️
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]