Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC] Some Highlights When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation.On the other hand, when you own your home, you build your own wealth, your monthly payment is locked in, and Continue Reading about Clear Financial Benefits of Owning a Home Over Renting
Buying a Home
Housing Wealth: The Missing Piece of the Affordability Equation
Housing Wealth: The Missing Piece of the Affordability Equation Housing Wealth: The Missing Piece of the Affordability Equation The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing Continue Reading about Housing Wealth: The Missing Piece of the Affordability Equation
Market: The Right Expert Will Guide You Through
The Right Expert Will Guide You Through This Unprecedented Market In a normal market, it’s good to have an experienced guide coaching you through the process of buying or selling a home. That person can advise you on important things like pricing your home correctly or the first steps to take when you’re ready to buy. However, the market we’re in today is far from normal. Continue Reading about Market: The Right Expert Will Guide You Through
6 Reasons to Celebrate National Homeownership Month
6 Reasons to Celebrate National Homeownership Month Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years. As Continue Reading about 6 Reasons to Celebrate National Homeownership Month
How Misunderstandings about Housing Affordability Could Cost You
How Misunderstandings about Housing Affordability Could Cost You There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on housing affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly Continue Reading about How Misunderstandings about Housing Affordability Could Cost You
Home Prices: Buying a Home Is Still Affordable
Buying a Home Is Still Affordable The last year has put emphasis on the importance of one’s home and overall home prices. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and the main market factors Continue Reading about Home Prices: Buying a Home Is Still Affordable
Don’t Forget to Budget for Closing Costs
Don’t Forget to Budget for Closing Costs When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia: “When you close on a Continue Reading about Don’t Forget to Budget for Closing Costs
Is Home Price Appreciation Accelerating Again?
Is Home Price Appreciation Accelerating Again? At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that Continue Reading about Is Home Price Appreciation Accelerating Again?
