columbus home buying: The Cost of Renting vs. Buying Today [INFOGRAPHIC]
- 04/02/18 08:06 PM
The Cost of Renting vs. Buying Today [INFOGRAPHIC] Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year! You might also enjoy reading... The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] 4 Reasons Spring is a Great Time to Buy a Home! Is Now a … (1 comments)
columbus home buying: Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices
- 03/29/18 01:16 PM
Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home PricesRecently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a fall in house values. Ultimately, however, prices are determined by supply and demand and while rising mortgage rates may slow demand, they also affect supply. From the report: “For current homeowners, the decision to buy … (0 comments)
columbus home buying: The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]
- 03/22/18 05:33 PM
The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home! You might also enjoy reading... Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling! Should I Wait Until Next Year to Buy? Or Buy Now? [INFOGRAPHIC] Mortgage Rates on FIRE! Home Prices Up in Smoke? Homeownership: … (1 comments)
Is Now a Good Time to Rent?People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 fourth quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:
As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be … (3 comments)
The Cost of Renting vs. Buying Today [INFOGRAPHIC]
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