A Key To Building Wealth Is Homeownership

Written by Key West Mortgage Syndicated User on April 1, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Key West Florida News, Key West News, Rent vs. Buy.

The link between financial security and homeownership is especially important today as inflation rises. But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says: “Homeownership is rewarding in so many ways and can serve as a vital component in achieving financial stability.” Here are just a few reasons why, if you’re looking to increase your financial stability, homeownership is a worthwhile goal. Owning a Home Is a Building Block for Financial Success A recent...

The Many Benefits of Homeownership

Written by Key West Mortgage Syndicated User on April 1, 2022. Posted in First Time Home Buyers, For Buyers, Key West Florida News, Key West News, Rent vs. Buy.

The past two years have taught us the true value of homeownership, especially the stability and the feeling of accomplishment it can provide. But homeownership has so much more to offer. Here’s a look at a few of the non-financial and financial benefits of owning a home. If you’re looking to buy a home today, think about all the ways homeownership can impact your life. Homeownership Has Impactful Personal and Emotional Benefits Owning your home gives you a significant sense of pride because it’s a space that is truly yours. And as a homeowner, you can customize your home to your heart’s desire....

The Difference Between Renting and Owning [INFOGRAPHIC]

Written by Key West Mortgage Syndicated User on March 1, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Key West Florida News, Key West News, Move-Up Buyers, Rent vs. Buy.

Some Highlights If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. If you want to learn more, let’s connect to talk about the perks of homeownership. Content previously posted on Keeping Current Matters

Real Estate Voted the Best Investment Eight Years in a Row

Written by Key West Mortgage Syndicated User on March 1, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Key West Florida News, Key West News, Move-Up Buyers, Rent vs. Buy.

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines. Why Is Real Estate a Great Investment During Times of High Inflation? With inflation reaching its highest level...

Owning Is More Affordable than Renting in the Majority of the Country

Written by Key West Mortgage Syndicated User on February 1, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Key West Florida News, Key West News, Pricing, Rent vs. Buy.

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. . . Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion...

Renters Missed Out on $51,500 This Past Year

Written by Key West Mortgage Syndicated User on November 1, 2021. Posted in First Time Home Buyers, For Buyers, Key West Florida News, Key West News, Pricing, Rent vs. Buy.

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.” Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years (see graph below):If you’re thinking of renting...

Reasons Renters Buy [INFOGRAPHIC]

Written by Key West Mortgage Syndicated User on October 1, 2021. Posted in First Time Home Buyers, For Buyers, Infographics, Key West Florida News, Key West News, Rent vs. Buy.

Some Highlights When deciding whether you should rent or buy, make sure you’re considering these factors. Buying a home means consistent monthly payments. Homeownership also helps to build your wealth. And owning a home gives you greater flexibility than renting. If you’re ready to take advantage of the perks of homeownership, let’s connect to explore your options. Content previously posted on Keeping Current Matters

Category: Rent vs. Buy

A Key To Building Wealth Is Homeownership

The Many Benefits of Homeownership

The Difference Between Renting and Owning [INFOGRAPHIC]

Real Estate Voted the Best Investment Eight Years in a Row

Owning Is More Affordable than Renting in the Majority of the Country

Renters Missed Out on $51,500 This Past Year

Reasons Renters Buy [INFOGRAPHIC]

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