Rent vs. Buy Archives

For Buyers, Infographics, First-Time Buyers, Move-Up, Rent vs. Buy

Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC]

Some Highlights

Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years!
The generations agree! Real estate is the best investment!
Generation X leads the way with 37% believing in real estate as the top investment.

July 27, 2018/by KCM CREW

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

4 REAL Reasons Why We Buy A Home!

We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones.

July 17, 2018/by KCM CREW

For Buyers, First-Time Buyers, Rent vs. Buy

First-Time Home Buyers Continue to Put Down Less Than 6%!

According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.

July 16, 2018/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Rent vs. Buy

5 Reasons Millennials Choose to Buy a Home [INFOGRAPHIC]

Some Highlights

“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
The top reason millennials choose to buy is to have control over their living space, at 93%.
Many millennials who rent a home or apartment prior to buying their own homes dream of the day when they will be able to paint the walls whatever color they'd like or renovate an outdated part of their living space.

June 29, 2018/by KCM CREW

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

When Is a Good Time to Rent? Not Now!

People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is NOT a good time to rent.

June 12, 2018/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Rent vs. Buy

The Cost of Renting vs. Buying [INFOGRAPHIC]

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 (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), 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!

June 8, 2018/by KCM CREW

For Buyers, First-Time Buyers, Rent vs. Buy

Renters Under 50 Want to Buy a Home!

Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing.

May 16, 2018/by KCM CREW

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

Homeownership: "A Man Is Not a Complete Man, Unless He Owns a House"

The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since hitting a 50-year low in 2016. The homeownership rate in the first quarter of 2018 was 64.2%, higher than last year’s 63.6%.

May 14, 2018/by KCM CREW

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

Real Estate Tops Best Investment Poll for 5th Year Running

Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.

May 9, 2018/by KCM CREW

For Buyers, First-Time Buyers, Rent vs. Buy

Buying a Home Is Cheaper Than Renting in the Majority of the US

The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report.

April 23, 2018/by KCM CREW

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

US Housing Market Still In ‘Buy Territory’!

According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.

April 9, 2018/by KCM CREW

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

NOT Owning Your Home Can Cost You a Lot of Money!

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

April 2, 2018/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Rent vs. Buy

The Cost of Renting vs. Buying Today [INFOGRAPHIC]

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 (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), 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!

March 30, 2018/by KCM CREW

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

Is Now a Good Time to Rent?

People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

February 27, 2018/by KCM CREW

For Buyers, First-Time Buyers, Rent vs. Buy

80% of Renters Believe Homeownership is a Part of Their American Dream

According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream.

February 21, 2018/by KCM CREW

For Buyers, First-Time Buyers, Mortgage Rates, Move-Up, Rent vs. Buy

Whether You Rent or Buy, Either Way You're Paying a Mortgage!

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

February 5, 2018/by KCM CREW

For Buyers, First-Time Buyers, Rent vs. Buy

Buying A Home Is More Affordable Than Renting In 54% Of US Counties

According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.”

January 22, 2018/by KCM CREW

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

The Benefits of Homeownership Go Beyond the Financial

Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we remember this.

January 3, 2018/by KCM CREW

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

Top 4 REAL Reasons We Buy a Home

We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful or compelling reasons.

December 27, 2017/by KCM CREW

For Buyers, First-Time Buyers, Rent vs. Buy

Rents Are on the Rise: Don't Get Caught in the Rental Trap!

There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage.

December 19, 2017/by KCM CREW

For Buyers, For Sellers, Move-Up, Rent vs. Buy

Should Boomers Buy or Rent after Selling?

In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home.

December 14, 2017/by KCM CREW

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

2 Charts That Show the Truth about Home Affordability

There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history.

November 29, 2017/by KCM CREW

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

The Cost of NOT Owning Your Home

November 27, 2017/by KCM CREW

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

5 Reasons Homeownership Makes ‘Cents’

The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities.

November 8, 2017/by KCM CREW

For Buyers, First-Time Buyers, Mortgage Rates, Move-Up, Rent vs. Buy

Renting or Buying…Either Way, You're Paying Someone's Mortgage

There are some people who have not purchased homes yet 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 yours or your landlord’s.

October 30, 2017/by KCM CREW

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