Rent vs. Buy

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A Great Way to Increase Your Family’s Net Worth

By |2019-08-19T10:00:09+00:00August 19th, 2019|

Every three years, the Federal Reserve conducts its 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 of renters decreased

Rent Vs. Own [INFOGRAPHIC]

By |2019-08-09T10:00:09+00:00August 9th, 2019|

Some Highlights: Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space. Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather

Millionaire to Millennials: The Costly Mistake of Not Buying Now

By |2019-08-05T10:00:45+00:00August 5th, 2019|

On his personal website, self-made millionaire David Bach makes a striking statement:  “Not prioritizing homeownership is the single biggest mistake millennials are making.”  He further stated, “Buying a home is an escalator to wealth.” Bach explains: “Young adults in particular aren’t hopping on this escalator, and it’s a costly mistake…If millennials don’t buy a home, their chances

Is Renting Right for Me?

By |2019-07-26T17:09:08+00:00July 22nd, 2019|

If you’re currently renting and have dreams of owning your own home, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize. According to the 2018 Bank of America Homebuyer Insights Report, 74% of

5 Powerful Reasons to Own Instead of Rent

By |2019-07-09T10:00:33+00:00July 9th, 2019|

Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in

Millennials Are Increasing the Demand for Condominiums

By |2019-07-02T17:41:55+00:00July 2nd, 2019|

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications

Renting or Owning, What Is Better for You?

By |2019-06-11T10:00:59+00:00June 11th, 2019|

In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising too, or should you lock in your housing cost and buy

The Top Reasons to Own Your Home [INFOGRAPHIC]

By |2019-06-12T21:36:52+00:00May 31st, 2019|

  Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home?