Rents Are On The Rise In Tucson: Don’t Get Caught In The Rental Trap!
There are many benefits to homeownership in Tucson, Arizona. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage. Don’t Become Trapped A recent article by Apartment List addressed rising rents by stating: “Rents are up 2.7% year-over-year at the national level. […]
Homeowner’s Net Worth Is 45x Greater Than A Renter’s
Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a Forbes article, the National […]
When Is It A Good Time To Rent? NOT Now!
When Is It A Good Time To Rent? NOT Now! People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The […]
Don’t Let Rising Rents Trap You!
Don’t Let Rising Rents Trap You! There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com recently reported on what he calls a “Rental […]
The Residential Rental Market Heading into 2016
The Residential Rental Market Heading into 2016 Below are quotes from experts as well as industry reports & articles that cover the residential rental market in the U.S. The experts… Zillow Chief Economist Svenja Gudell: “Make no mistake: Despite this recent slowdown in rental appreciation, the rental affordability crisis we’ve been enduring for the past few […]
Rent vs. Buy: Either Way You’re Paying A Mortgage
Rent vs. Buy: Either Way You’re Paying A Mortgage There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. […]
In 2016 a Homeowner’s Net Worth Will Be 45x Greater Than a Renter
Did you know, in 2016 a Homeowner’s Net Worth Will Be 45x Greater Than a Renter? Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 […]
According to the New York Times Home Ownership is Best Way to Build Wealth!
The New York Times recently published an editorial entitled, “Homeownership and Wealth Creation.” The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment. The article explains: Homeownership long has been central to Americans’ ability to amass wealth; even with the […]
Look For 2015 To Be A Booming Year For Tucson Real Estate
Look For 2015 To Be A Booming Year For Tucson Real Estate… Read on as to why The greatest number of foreclosures that occurred in Tucson was between 2007 and 2008. The greatest number of short sales that occurred in Tucson was in 2011. When some loses a home to foreclosure they cannot be approved for […]
Buying a Home In Tucson Arizona is 35% Cheaper Than Renting!
Buying a Home In Tucson Arizona is 35% Cheaper Than Renting! In Trulia’s latest Rent vs. Buy Report, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average […]
Did You Know A Homeowner’s Net Worth is 36x Greater Than A Renter?
Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. The Federal Reserve conducts a Survey of Consumer Finances, every three years, and just […]
Did you know buying a home in Tucson is 38% less expensive than renting?
In Trulia’s 2014 Rent vs. Buy Report, they explained that homeownership remains cheaper than renting throughout the 100 largest metro areas in the United States; ranging from an average of 5% in Honolulu, all the way to 66% in Detroit, and 38% Nationwide! The other interesting findings in the report include: Even though prices increased sharply […]
The Cost of Renting vs. Buying
The cost of buying a home vs renting has never been lower. The cost of renting has increased while the cost of homeownership has gone down. It todays market owning a median priced home will only consume 15.3% of a households income. Check out the chart below. If you are in a position to buy […]
4 Reason To Buy a House in Tucson, AZ NOW!
Here are 4 great reasons to consider buying a home in Tucson, AZ now, instead of waiting. 1. Prices in Tucson, AZ Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over […]
To rent or buy in Tucson, AZ?
RENTING vs BUYING A HOME IN TUCSON, ARIZONA Owning your own home can bring financial rewards as well as pride. For many homeowners, the incentives for owning are financial. How many times have you heard renters say, “I’m tired of throwing my money out the window?” What home ownership means to you is a great […]