renters: Rents Are on the Rise: Don’t Get Caught in the Rental Trap! - 12/19/17 11:24 AM
There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage.
Don’t Become Trapped A recent article by Apartment List addressed rising rents by stating:
“Rents are up 2.7% year-over-year at the national level. Year-over-year growth continues to fall between the 2.1% rate from this time last year and the 3.4% growth rate from October 2015.”
The article continues explaining that:
“Despite the seasonal slowdown, rents are still up year-over-year in 89 of the 100 Largest cities.
Additionally, the Urban Institute revealed that,
“Over a quarter of renters, or 11.1 million households, are severely cost burdened, spending at least half their income on … (0 comments)

renters: How to Save on a Mortgage Payment Whether Buying or Selling - 10/26/17 07:04 AM
In Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains:
“Since we started keeping track in 2012, it’s been a better deal to buy than rent in America’s largest housing markets – and for much of that time it hasn’t been close.”
It then goes on to ask the question:
“But does the equation change for renters who share their rent with a roommate?”
The report reveals:“While the standard rent vs. buy analysis reveals buying is cheaper than renting in all of the nation’s 100 largest metros, … (0 comments)

renters: Net Worth of Homeowners 44X Greater than Renters - 10/12/17 07:47 AM
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago.
The study revealed that the 2016 median net worth of homeowners was $231,400 - a 15% increasesince 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).
These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.
Owning a home is a great way to build family wealthAs we’ve said before, simply put, homeownership is a form of ‘forced … (0 comments)

 
Liz Freeman (RE/MAX Preferred Realty)

Liz Freeman

Greenville, NC

More about me…

RE/MAX Preferred Realty

Address: 3208 Charles Blvd, Greenville, NC, 27858

Office: (252) 439-4000

Mobile: (252) 717-5206

All about real estate in the Greenville area


Listings

Links

Archives

RSS 2.0 Feed for this blog