Interest rates: Better to buy a home now or wait?NEW YORK – May 10, 2018 – With heightened talk of rising interest rates, many prospective homebuyers are understandably concerned about whether'
Dont Get Caught In The Rental Trap
Don’t Become Trapped
“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.”
It’s Cheaper to Buy Than Rent
“Housing is central to the health and well-being of our country and our local communities. In addition, this (rental affordability) crisis threatens the future value of owned housing, as the burdensome level of rents will trap more aspiring owners into a vicious financial cycle in which they cannot save and build a solid credit record to eventually buy a home.”
“While more than 85% of markets have burdensome rents today, it’s perplexing that in more than 75% of the counties across the country, it is actually cheaper to buy than rent a home. So why aren’t those unhappy renters choosing to buy?”
Know Your Options
"It’s not that Millennials and other potential homebuyers aren’t qualified in terms of their credit scores or in how much they have saved for their down payment.
It’s that they think they’re not qualified or they think that they don’t have a big enough down payment.” (emphasis added)
Marc Joseph, Broker / Owner Our office is the leader and expert in the foreclosure market. As the broker for over 27 years in Lee County, I have been interviewed by the following media sources, NPR....