rent vs buy: All Generations Say Renting Is More Affordable Than Owning—Is it True? - 02/06/19 05:50 AM
According to new research from lender Freddie Mac, every generation—from millennials to Gen Xers to Baby Boomers—are continuing to rent because they think it’s saving them money. According to the report, 76% of Millennials, 75% of Gen Xers, and 81% of Baby Boomers said renting was the more affordable option.
But with rents rising across the country, that’s just no longer the case. According to the most recent Market Outlook Report from Realtor.com, rents rose year over year in nearly ¾ (73%) of counties across the United States. And according to Trulia, it is now more affordable to own a home than to rent in a … (1 comments)

rent vs buy: Rents Rising Nationwide, Making Homeownership The Affordable Option - 11/13/18 07:03 AM
Most renters put off buying a home because they think renting is more affordable than buying their own home. But with rents rising across the nation at historic rates, homeownership is becoming the more affordable option.
According to a recent Market Outlook Report from Realtor.com, in 2017 rents rose year-over-year in a whopping 78% of counties across the US. These sometimes drastic increases in rent are eating up more of renters’ budgets and often making renting more expensive than purchasing.
According to a recent study by Zillow, homeownership has become more affordable than renting in the majority of metro markets across the US. According to … (1 comments)

rent vs buy: 4 secrets to homebuyer budgeting - 12/17/10 11:01 PM
Renting and thinking about buying? Start with a solid budget plan that includes strong credit and savings.
Living from one paycheck to the next may be the norm for many people. But homebuyers need a better strategy.
"If buying a home is your goal, then it needs to be your priority," says Tim Kirchner, vice president of MetLife Bank in Irving, Texas. "Most people need to sacrifice a little and stick to a budget in order to save for a home."
A good budget plan begins one or two years before a buyer makes an offer. Here are four tips for … (2 comments)

 
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Mullen Real Estate Team

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