Buying A Home Is Better Way to Produce Wealth Than Renting

Buying A Home Is Better Way to Produce Wealth Than Renting

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According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index homeownership is a better way to produce greater wealth, on average, than renting.The BH&J Index is a quarterly report that attempts to answer the question:Is it better to rent or buy a home in...

The Cost of Waiting to Buy a Home

The Cost of Waiting to Buy a Home

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The National Association of Realtors (NAR) recently released their July edition of the Housing Affordability Index. The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on...

Why You Should Stop Renting & Buy Today!

Why You Should Stop Renting & Buy Today!

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There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home.Housing Cost & Net WorthWhether you rent or buy, you have a monthly housing cost.

What Do You Really Need to Qualify for a Mortgage?

What Do You Really Need to Qualify for a Mortgage?

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A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.

Should I Wait to Put Down a Bigger Down Payment?

Should I Wait to Put Down a Bigger Down Payment?

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Some experts are advising that first time and move-up buyers wait until they save up 20% before they move forward with their decision to purchase a home. One of the main reasons they suggest waiting is that a buyer must purchase private mortgage insurance if they have...

Don’t Get Caught In The Renter’s Trap

Don’t Get Caught In The Renter’s Trap

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There are many benefits to homeownership. One of top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.The National Association of Realtors (NAR) released their findings of a study in which they studied...

Real Estate Again Seen as Best Investment

Real Estate Again Seen as Best Investment

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We are almost back to ‘pre-housing crash’ home values. The inventories of distressed properties (foreclosures & short sales) are shrinking dramatically. The economy is improving. The job numbers are headed in the right direction.The big question that still remains:...

64.2% of Millennials Put Down Less than 20%

64.2% of Millennials Put Down Less than 20%

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Digital Risk recently polled Millennials about the housing market. Among their findings was the fact that nearly two-thirds of the generation who have recently purchased a home, have done so with less than 20% down; with 36% putting down less than 5%!

Home Prices Up in 93% of Measurable Markets

Home Prices Up in 93% of Measurable Markets

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Some Highlights:The national median home price for Q2 is up 8.2% to $229,400The income needed to afford the median home in each region is directly impacted by the amount of the down payment. The larger the down payment the lower the income needed to pay the monthly...