Tag: home ownership
Let Your House Do the Work
Every 3 years, the Federal Reserve conducts a Survey of Consumer Finances in which data is collected across all economic and social groups. In its most recent survey from 2010-2013, it concludes a homeowner’s net worth is 36 times greater than a renter’s ($194,500 …
Can You Qualify for a Mortgage?
There is a widespread misconception that perfect credit and a 20% down payment is necessary to buy a home. This incorrect belief is keeping many potential home buyers in the renter’s rut. According to Ellie Mae’s latest Origination Report, the …
Owning Your Home Brings Benefits
The most recent Housing Pulse Survey released by the National Association of Realtors (NAR) revealed the 2 biggest reasons people want to own a home rather than rent are: The opportunity to build equity A stable and safe environment. Building Equity John Taylor, …
June is National Homeownership Month!
Some Real Estate Highlights: Paying rent to a landlord is not a good investment. Paying your own mortgage is a great way to start building family wealth. Home ownership allow you to choose where you want children to get a …
Buying is Less Expensive Than Renting
Buying a Home is 36% Less Expensive Than Renting Nationwide! In the latest Rent vs. Buy Report from Trulia, home ownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. …
Should I Buy or Rent?
Homeownership – A Good Way of Producing Wealth According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index homeownership is a better way to produce greater wealth, on average, than renting. Is it better to rent or …
American Dream of Homeownership Still Strong
Trulia recently examined whether homeownership was seen by adults in the United States as a “part of their personal American Dream.” Over the last five years: The percentage of U.S. adults who believe homeownership is part of their American Dream …
Rent a House v. Owning Your Home
One of the many benefits to home ownership is being able to protect yourself from rising rents and locking in your housing costs for the life of your mortgage. The Rent Trap Jonathan Smoke, Chief Economist at realtor.com recently discussed …