Owning a home has great financial benefits. In a recent research paper titled “Homeownership and the American Dream,” Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained […]
4 hidden costs of not owning your own home
There’s no arguing there’s costs associated with owning a home. But the opposite is also true; there are also definite costs associated with NOT owning a home. The benefits of buying vs. renting has always been a hotly debated topic, with most people believing that […]
Buying a home is now 26.3% cheaper than renting
The results of the latest Rent vs. Buy Report from Trulia show that home ownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. It’s no surprise, however, that the two […]
Report: Housing demand shifting from renting to owning
If you needed further confirmation that home ownership is becoming a more attractive option than renting to people across the country, just ask Harvard. According to the recent State of the Nation’s Housing report from the Joint Center on Housing Studies of Harvard University, the […]
Homeowner’s Net Worth Is Still Greater Than a Renter’s
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a […]
Be careful not to get caught in the rental trap!
There are many benefits to home ownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. A recent article by Consumer Affairs addressed the continuous rise in rents, […]
