Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This ...
Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.”
If you are considering selling your current house and moving up to the home of your dreams, bu...
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.
Realtor.com rep...
Some Highlights:
According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country.
In six states the difference between buying & renting would account for less than a $50 monthly difference, l...
There are many things that factor into the decision to buy a home. New research from the Urban Institute suggests that one of those things may be inherited from your parents.
Children are More Likely to Own a Home if Their Parents Did
Accordin...
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – e...
