Rent vs. Buy

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

Posted by:

  Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac forecasts interest rates to rise to 4.5% by the Q4 2020. CoreLogic predicts home prices to appreciate by 4.8% over the next […]

... Read More
The Cost of Renting vs. Buying This Spring [INFOGRAPHIC]

Posted by:

    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 (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious. Every market is different. Before you renew your lease […]

... Read More
Home Buyer Demand Will Be Strong for Years to Come

Posted by:

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”. And while this might be true for some millennials, more and more research has surfaced that shows for the vast […]

... Read More
How Much Should You Spend on Rent?

Posted by:

One of the most exciting parts of becoming an adult is moving out of the house and starting your own life. However, as is the case with most major life events, moving out comes with a lot of added responsibility. Part of this responsibility is knowing and understanding your budget when shopping for the perfect […]

... Read More
Nashville Rent Continues to Rise

Posted by:

Nashville Rent Continues to Rise While the housing market continues to experience a slowdown in home sales and price appreciation, new data from Zillow suggests the rental market is heating up. According to the company’s Real Estate Market Report, February’s rental prices climbed at the fastest rate in the last 10 months. In fact, February’s 2.4% […]

... Read More
What are the Benefits of Becoming a Homeowner?

Posted by:

Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time! Why is this date important? Homeownership is not just a roof over your head! It […]

... Read More
How Can I Increase My Family’s Net Worth? [VIDEO]

Posted by:

  Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth […]

... Read More
Why A Normal Market is Just What We Need

Posted by:

The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home.   This ‘seller’s market’ has driven home prices to new heights. […]

... Read More
Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!

Posted by:

In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are […]

... Read More
Why Homeownership Matters Now More Than Ever

Posted by:

Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of home ownership can be broken into two main categories: financial and non-financial (often referred to as emotional or social reasons.) For Americans approaching retirement age, one […]

... Read More
https://newhome.rhondaburgess.com/idx/sitemap