rentingversusbuying: Analyzing the cost of renting over purchasing
- 11/26/22 03:23 PM
I have been observing the current market and reading the 137 responses that I received from my previous column on Nov. 7. Although my survey isn’t comparable to any national survey via the Labor Dept. or any other government entity, it’s a small microcosm of the feelings of our local Long Island purchasing community who subscribe to my column. It appears approximately 62% of my respondents think renting or staying in place is more advantageous than purchasing right now. It is based mainly on our current interest rates. which are causing the increase in their monthly payments. However, the readers also thought … (5 comments)
rentingversusbuying: Buying a home or a community lifestyle?
- 10/12/22 01:54 PM
0As you search for that hard-to-find, special, first-time, or move-up home, is it all about the home or the neighborhood, or both? I believe the most crucial item for families with children or about to have children is the school system. Obviously, your budget comes into play, so you can only buy what is affordable in today’s higher interest rate environment. But do your research and find those school districts that have the highest percentage of children going on to higher education. Another important thought that not everyone may contemplate is the lifestyle that one would like to have for … (6 comments)
rentingversusbuying: Business & Real Estate: Has the increase in inventory, prices and interest rates had an effect on sales?
- 09/26/18 09:53 AM
As of this column, the answer is yes on the higher priced homes and no on the mid- to lower-priced homes. However, after reading several information sources, watching the interest rates and price increases in 2018, this has made affordability more and more daunting for about one third of millennial and other renters, who are having challenges coming up with the down payment (as well as the monthly costs) in many markets, as per Frank Martell, president and CEO of CoreLogic, a leading global property information, analytics and data-enabled solutions provider. As of June, in the top 100 markets, 24 percent were undervalued, … (2 comments)
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I have been observing the current market and reading the 137 responses that I received from my previous column on Nov. 7. Although my survey isn’t comparable to any national survey via the Labor Dept. or any other government entity, it’s a small microcosm of the feelings of our local Long Island purchasing community who subscribe to my column.
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