benefits of homeowwnership: Family Wealth Grows as Home Equity Builds - 10/21/15 03:25 AM
With residential real estate values rising quite substantially in most parts of the country over the last few years, many homeowners are seeing a major increase in their family’s wealth as equity continues to build in their house.
 
A recent study by the Joint Center of Housing Studies at Harvard University revealed that home equity grew nicely last year and has grown dramatically over the last five years…
Buyers looking today may not see the same build-up in equity but could still do quite well.
Let’s assume you went into contract in the next six weeks and closed on a $250,000 home in January. If we take the house … (0 comments)

benefits of homeowwnership: Buying a Home Remains 35% Less Expensive than Renting! - 10/19/15 02:58 AM
In the latest Rent vs. Buy Report from Trulia, 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 16% in Honolulu (HI), all the way to 55% in Sarasota (FL), and 35% Nationwide!
The other interesting findings in the report include: Interest rates have remained low and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation. “In the past year, these two trends have made homeownership even more affordable compared with renting.” Some … (1 comments)

 
Kristine Dugan, ABR, CRS, e-PRO (LUXE Estates & Lifestyles)

Kristine Dugan

ABR, CRS, e-PRO

Las Vegas, NV

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LUXE Estates & Lifestyles

Address: 26435 Carmel Rancho Blvd, Carmel, CA, 93923

Mobile: 702.332.7781

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My blog consists of a variety of useful information pertaining to real estate news and information I come across during my working days! My intention is to educate you on all of your real estate options and choices when it comes to investing in the Monterey County Real Estate Market. As your consultant, I provide you with "news so you can choose" rather than "tell you so I can sell you." Please feel free to review my real estate background, interview me and ask questions to establish that my team and I are the right fit for your short- and long-term real estate goals. Sharing Your Goals, Kristine Dugan, ABR, CRS, ePro Team Beesley | Keller Williams Coastal Estates


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