Homes are more affordable - With both home prices and mortgage rates increased this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are [...]
When is a good time to Rent - People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is NOT a good time to rent. When is a [...]
Cost of Renting vs. Buying Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Cost of renting - Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious. Every market [...]