Rates May Be Rising, But Homes Are More Affordable Today Than You Think

time-to-move-up-home-prices-more-afforadable-than-ever
May 9, 2018

If you’ve been following the housing market, you may be seeing that rates are rising and home inventory is low. This means that fewer homeowners are putting their homes up for sale, making the market more competitive while mortgage rates go up. However, American’s may not realize that while rates are rising they are still at historic lows. This Spring, Trulia released a blog, Not Your Father’s Housing Market, that…

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How Homeownership Helps You Build Wealth

Are-you-spending-too-much-on-rent-average-rent-paid-by-generation-by-age-30
May 9, 2018

According to a new study in Housing Wire (March 26, 2018), Millennials will spend $100,000 on rent by the time they are 30 years old. The research indicates that rent consumes up to 45% of Millennial income today. With this generation spending nearly half of their income on rent without gaining equity, it may not just prolong their entry into the housing market, but it may also impact their long-term…

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