Article by: Simplifying the Market™Originally Published: November 15, 2019, 11:00 am Some Highlights: Historically, the choice between renting and buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear. […]
Forget the Price of the Home. The Cost is What Matters.
Article by: Simplifying the Market™Originally Published: November 7, 2019, 11:00 amHome buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for […]
How to Determine If You Can Afford to Buy a Home
Article by: Simplifying the Market™Originally Published: October 30, 2019, 10:00 amThe gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability […]
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