Browsing Posts In: Blog

The Cost of Renting vs. Buying in the US [INFOGRAPHIC]

June 23, 2017 Posted by: Ryan Gibbons

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 (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 […]

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The Importance of Home Equity in Retirement Planning

June 22, 2017 Posted by: Ryan Gibbons

We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can […]

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The Supply & Demand Problem Plaguing New Construction

June 21, 2017 Posted by: Ryan Gibbons

Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secure their dream home, while also helping to ease price increases throughout the country. […]

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Do You Know How Much Equity You Have in Your Home?

June 20, 2017 Posted by: Ryan Gibbons

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 last year, […]

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Buying Is Now 33.1% Cheaper Than Renting in the US

June 19, 2017 Posted by: Ryan Gibbons

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all […]

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Top Home Renovations for Maximum ROI [INFOGRAPHIC]

June 16, 2017 Posted by: Ryan Gibbons

Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). While big projects like adding a bathroom or a complete kitchen remodel are […]

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Are Home Prices Approaching Bubble Territory?

June 15, 2017 Posted by: Ryan Gibbons

As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that: “National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.” Though that statement is correct, we must realize that just catching prices […]

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The TRUTH Behind the RENT vs. BUY Debate

June 14, 2017 Posted by: Ryan Gibbons

In a blog post published last Friday, CNN’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines that entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that is buying a home […]

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Homeownership Is a Good Financial Investment!

June 13, 2017 Posted by: Ryan Gibbons

According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective? Ralph McLaughlin, Trulia’s Chief Economist explains: “Owning a home is […]

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The Impact Your Interest Rate Makes [INFOGRAPHIC]

June 9, 2017 Posted by: Ryan Gibbons

Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget. Interest rates are at their lowest in years… RIGHT NOW! If buying your […]

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