Renters Missed Out on $51,500 This Past Year

Written by Longboat Key Mortgage Mortgage Syndicated User on November 1, 2021. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Pricing, Rent vs. Buy.

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.” Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years (see graph below):If you’re thinking of renting...

Experts Agree: Homeownership Provides a Path to Long-Term Wealth

Written by Longboat Key Mortgage Mortgage Syndicated User on October 11, 2021. Posted in First Time Home Buyers, For Buyers, Longboat Key Mortgage, Mortgage Longboat Key, Rent vs. Buy.

A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own The pride homeownership offers The sense of stability In the same survey, 41% of respondents say they’d rather own a home than rent because of the unique way homeownership builds wealth over time. And experts agree – the home you own is an important tool for building your net worth. Here’s what many of those experts have to say about building long-term...

111,285 Reasons You Should Buy a Home This Year

Written by Longboat Key Mortgage Mortgage Syndicated User on October 7, 2021. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Longboat Key Mortgage, Mortgage Longboat Key, Move-Up Buyers, Rent vs. Buy.

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR): “Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time and is built up by price appreciation and paying off the mortgage.” An increase in equity builds the wealth of the individual that owns it. This wealth can be passed down...

Reasons Renters Buy [INFOGRAPHIC]

Written by Longboat Key Mortgage Mortgage Syndicated User on October 1, 2021. Posted in First Time Home Buyers, For Buyers, Infographics, Longboat Key Mortgage, Mortgage Longboat Key, Rent vs. Buy.

Some Highlights When deciding whether you should rent or buy, make sure you’re considering these factors. Buying a home means consistent monthly payments. Homeownership also helps to build your wealth. And owning a home gives you greater flexibility than renting. If you’re ready to take advantage of the perks of homeownership, let’s connect to explore your options. Content previously posted on Keeping Current Matters

Category: Rent vs. Buy

Renters Missed Out on $51,500 This Past Year

Experts Agree: Homeownership Provides a Path to Long-Term Wealth

111,285 Reasons You Should Buy a Home This Year

Reasons Renters Buy [INFOGRAPHIC]