Category: Rent vs. Buy

    • 3 Benefits to Buying Your Dream Home This Year

      Outside of a strong economy, low unemployment, and higher wages, there are three more great reasons why you may want to consider buying your dream home this year instead of waiting. 1. Buying a Home is a Great Investment Several reports indicate that real estate is a good investment, topping other options such as gold, […]
      Written by Shannah Ferrante
    • Year-Over-Year Rental Prices on the Rise

      Looking ahead, 2020 is projected to be a strong year for homeownership. According to the Freddie Mac Forecast, “We expect rates to remain low, falling to a yearly average of 3.8% in 2020.” If you’re currently renting, 2020 may be a great time to think about making a jump into homeownership while mortgage rates are low. […]
      Written by Shannah Ferrante
    • It’s ‘National Roof Over Your Head’ Day!

      Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd? As noted on the National Calendar, it was “created as a day to be thankful for what you have, starting with the roof over your head. There are many things that we have that […]
      Written by Shannah Ferrante
    • The True Cost of Not Owning Your Home

      There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream. Realtor.com reported that: “Buying remains the more attractive option in the long term – that remains the American dream, and it’s […]
      Written by Shannah Ferrante
    • The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

      Some Highlights: Historically, the choice between renting and 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 median-priced home (17.5%...
      Written by Shannah Ferrante
    • Think Prices Have Skyrocketed? Look at Rents.

      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 little light on this subject. In the most recent Apartment Rent Report, RentCafe explains how rents have […]
      Written by Keeley Ryan
    • What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

      Some Highlights:

      • The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
      • Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020.
      • CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.
      • If you’re ready and willing to buy your dream home, now is a great time to buy.
      Written by Keeley Ryan
    • Homeowners Are Happy! Renters? Not So Much.

      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 valuable. In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% […]
      Written by Keeley Ryan
    • One of the Top Reasons to Own a Home

      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 the home. The difference between the value of the home and […]
      Written by Keeley Ryan
    • A Great Way to Increase Your Family’s Net Worth

      Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased […]
      Written by Keeley Ryan