Are You Wondering if This Is the Year To Buy a Home?

Written by Destin FL Mortgage Mortgage Syndicated User on March 16, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Mortgage Destin FL, Rent vs. Buy.

Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you’re a renter, chances are 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 decades. To make an informed and powerful decision, the first step is understanding what’s happening in today’s housing market so you can determine which option is the better long-term financial decision for you. Rents Are Going Up Again...

The Difference Between Renting and Owning [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on February 25, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Infographics, Mortgage Destin FL, Move-Up Buyers, Rent vs. Buy.

Some Highlights If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. If you want to learn more, let’s connect to talk about the perks of homeownership. Content previously posted on Keeping Current Matters

Real Estate Voted the Best Investment Eight Years in a Row

Written by Destin FL Mortgage Mortgage Syndicated User on February 21, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Destin FL, Move-Up Buyers, Rent vs. Buy.

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines. Why Is Real Estate a Great Investment During Times of High Inflation? With inflation reaching its highest level...

Owning Is More Affordable than Renting in the Majority of the Country

Written by Destin FL Mortgage Mortgage Syndicated User on January 31, 2022. Posted in Buying Myths, Destin FL Mortgage, First Time Home Buyers, For Buyers, Interest Rates, Mortgage Destin FL, Pricing, Rent vs. Buy.

If you were thinking about buying a home this year, but 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 a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion...

Avoid the Rental Trap in 2022

Written by Destin FL Mortgage Mortgage Syndicated User on January 4, 2022. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Mortgage Destin FL, Rent vs. Buy.

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 important to understand the true costs of renting in 2022. As a renter, you should know rents have been rising since 1988 (see graph below): In 2021, rents grew dramatically. According to ApartmentList.com, since January 2021: “. . . the national median rent has increased by a staggering 17.8 percent. To put that in context, rent growth from January to November averaged just 2.6 percent in the pre-pandemic years from...

4 Things Every Renter Needs To Consider

Written by Destin FL Mortgage Mortgage Syndicated User on November 15, 2021. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Destin FL, Rent vs. Buy.

As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider. Here are a few things you should think about before you settle on renting for another year. 1. Rents Are Rising Quickly Rent increasing each year isn’t new. Looking back at Census data confirms rental prices have gone up consistently for decades (see graph below):If you’re a renter, you’re faced with payments that continue to climb each...

Renters Missed Out on $51,500 This Past Year

Written by Destin FL Mortgage Mortgage Syndicated User on November 1, 2021. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Mortgage Destin FL, Pricing, Rent vs. Buy.

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.” Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years (see graph below):If you’re thinking of renting...

Experts Agree: Homeownership Provides a Path to Long-Term Wealth

Written by Destin FL Mortgage Mortgage Syndicated User on October 11, 2021. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Mortgage Destin FL, Rent vs. Buy.

A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own The pride homeownership offers The sense of stability In the same survey, 41% of respondents say they’d rather own a home than rent because of the unique way homeownership builds wealth over time. And experts agree – the home you own is an important tool for building your net worth. Here’s what many of those experts have to say about building long-term...

111,285 Reasons You Should Buy a Home This Year

Written by Destin FL Mortgage Mortgage Syndicated User on October 7, 2021. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Destin FL, Move-Up Buyers, Rent vs. Buy.

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR): “Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time and is built up by price appreciation and paying off the mortgage.” An increase in equity builds the wealth of the individual that owns it. This wealth can be passed down...

Reasons Renters Buy [INFOGRAPHIC]

Written by Destin FL Mortgage Mortgage Syndicated User on October 1, 2021. Posted in Destin FL Mortgage, First Time Home Buyers, For Buyers, Infographics, Mortgage Destin FL, Rent vs. Buy.

Some Highlights When deciding whether you should rent or buy, make sure you’re considering these factors. Buying a home means consistent monthly payments. Homeownership also helps to build your wealth. And owning a home gives you greater flexibility than renting. If you’re ready to take advantage of the perks of homeownership, let’s connect to explore your options. Content previously posted on Keeping Current Matters

Category: Rent vs. Buy