Buying A Home Costs Significantly Less Than Renting

Buying A Home Costs Significantly Less Than Renting

Buying A Home Costs Significantly Less Than Renting

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 out if you can put your housing costs to work by buying this year!

Want to Buy a home? Text Buy to (714)880-8875

We’ll send you our latest E-Book: Things to Consider When Buying A Home

 

Call Us Now To Sell Your Home…

Office: 909.985.9392 or Text Us: 714.657.6634

Kris and Kim Darney – REALTORS® – Grandparents – 909.985.9392 – CA BRE# 01930954; 01464957; 01458057

712,000 US Homes Moved Into Positive Equity in 2017

The average homeowner gained approximately $14,900 in equity during the past year. Compared to Q3 2016, negative equity decreased 22% from 3.2 million homes, or 6.3% of all mortgaged properties. U.S. homeowners with mortgages (roughly 63% of all homeowners) have seen their equity increase by a total of $870.6 billion since Q3 2016, an increase of 11.8%, year-over-year.

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