Luxury Valley Homes Arizona Real Estate Blog: Cost of Renting vs. Buying in the US

Cost of Renting vs. Buying in the US

Cost of Renting vs. Buying in the US 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 (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious.

 

  • Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

 

Home Equity - How Much Equity Do You Have in Your Home

Jeff DaleyHome Equity - CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News for Homeowners Frank Nothaft, CoreLogic’s Chief Economist, explains: “One million borrowers achieved positive equity over the [...]

Comment balloon 1 commentJane & Jeff Daley, PhD • June 23 2017 04:51PM

Comments

Great information for buyers that are on the fence about buying a home.  Make it a great day!

 

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) 3 months ago

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