inflation: Buying a Home Remains 38% Less Expensive than Renting! - 11/07/14 12:18 AM

In Trulia’s latest Rent vs. Buy Report, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States.
The updated numbers actually show that the range is from an average of 17% in Honolulu, all the way to 63% in Detroit, and 38% Nationwide! This is up from an average of only 5% cheaper in Honolulu in April.
The other interesting findings in the report include:
Rents have continued to increase nationally even as home price increases are starting to slow. Current low mortgage rates have kept homeownership … (1 comments)

inflation: Why you should buy a house before 2014 - 09/23/13 09:30 AM

If you've been waiting for the best time to buy a home, your wait might be over. In fact, taking a number of factors into consideration, buying a home before 2014 could save you a lot of money.
"There are several reasons why now is the time to buy," says Jim Duffy, a mortgage banker withCole Taylor Mortgage. 
Those reasons include everything from rising mortgage interest rates and home prices, to falling affordability indexes and the fear of inflation, he and other sources say. 
So we decided to dig a little deeper into what the future holds. Read on to see what we found.
Reason … (1 comments)

inflation: 5 reasons it's smarter to buy than rent - 03/28/12 09:36 PM
One of the biggest myths in the real estate industry is that it is cheaper to rent than to buy. In 71 percent of the cities in the U.S., owning is now currently cheaper than renting.
In 2011, 1.4 million new households entered the rental market due to foreclosures and demographics -- i.e., the 80 million members of Gen Y are at their prime time for starting new careers, getting married and having kids. At the same time, the number of new homes being built has dropped substantially. As a result, the demand for rental properties has skyrocketed.

Christopher Pataki, Hockessin Delaware Real Estate (Keller Williams Realty) Rainmaker large

Christopher Pataki

Hockessin Delaware Real Estate

Christiana, DE

More about me…

Keller Williams Realty

Address: 56 West Main Street, Suite 101, Christiana, DE, 19702

Mobile: 302-562-0628

Office: 302-738-2300

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The goal of this blog is to inform consumers who are buying, selling and investing in real estate.




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