Lake Livingston Area Real Estate Blog

Texas Premier Realty - Lakes Livingston's Premier Real Estate Company

Request an Appointment

(281) 415-5888 Direct
  • Home
  • Real Estate Blog
  • About Art Di Segna
  • Featured Listing
  • FHA Down Payment Advantage Program
1 May

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

By Art Di Segna

Buying a Home Is Cheaper Than Renting in the Majority of the US | Simplifying The Market

Buying a Home Is Cheaper Than Renting

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.

The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income.

The least affordable market for renting was Marin County, CA, just over the Golden Gate Bridge from San Francisco, where renters spend a staggering 79.5% of average wages on rent, while the most affordable market was Madison County, AL where 22.3% of average wages went to rent.

Other interesting findings in the report include:

  • Average rent rose faster than income in 60% of counties
  • Average rent rose faster than median home prices in 41% of counties
  • While median home prices rose faster than average rents in 58% of counties

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find your dream home.

About the author:

Buying a Home Is Cheaper Than Renting

Was provided by Art Di Segna, a recognized leader in his field. Art can be contacted via email at Art@FineHomesOfTexas.com by phone at (281) 415-5888 or Contact Me. Art has helped hundreds of people move in and around many Houston towns for the last 14+ years.

Thinking of Selling or Buying A Home? I have a passion for Real Estate and love to share my marketing expertise! What is my home worth….

I specialize in working with buyers in the following areas: Houston, Spring, Cypress, Tomball, Magnolia, Conroe, Huntsville, Point Blank, Lake Livingston area, Onalaska, Cape Royale, Cold Spring, Blanchard, Trinity, Woodville Texas.

Find The Value Of Your Home

http://www.artdisegna.com/purl/cmareport

Filed Under: Blog, Buying Myths, Featured, First Time Home Buyers, For Buyers, Housing Market Updates, Rent vs. Buy

16 Dec

Should Boomers Buy or Rent after Selling?

By Art Di Segna

 

Should Baby Boomers Buy Or Rent After Selling

The question is, 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.

“Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased 3 percent…

Meanwhile, more than 5 million baby boomers across the nation are expected to rent their next home by 2020, according to a 2016 analysis from Freddie Mac.”

This makes sense in the short term for many reasons. If you are moving to a different part of town or a new region of the country, you may decide to rent until you pick the perfect home in an area you love. However, is renting a good long-term strategy?

A mortgage payment remains fixed. Rents, however…

The Census Bureau recently released their 2017 third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

Should Boomers Buy or Rent after Selling? | Simplifying The Market

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether you should rent or buy your next home, you should take this into consideration.

Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home instead of renting. Let’s get together so we can help you decide what the best step is for you and your family!

Should Boomers Buy or Rent after Selling?

Was provided by Art Di Segna, a recognized leader in his field. Art can be contacted via email at Art@FineHomesOfTexas.com by phone at (281) 415-5888 or Contact Me. Art has helped hundreds of people move in and around many Houston towns for the last 14+ years.

Thinking of Selling or Buying A Home? I have a passion for Real Estate and love to share my marketing expertise! What is my home worth….

I specialize in working with buyers in the following areas: Houston, Spring, Cypress, Tomball, Magnolia, Conroe, Huntsville, Point Blank, Lake Livingston area, Onalaska, Cape Royale, Cold Spring, Blanchard, Trinity, Woodville Texas

 

Filed Under: Blog, Featured, For Buyers, For Sellers, Rent vs. Buy Tagged With: Baby Boomers Buy Or Sell, Should Boomers Buy or Rent after Selling?

Search Articles

Browse Posts by Categories

  • Baby Boomers (6)
  • Blog (183)
  • Buyers (51)
  • Buying Myths (5)
  • Down Payments (1)
  • Featured (105)
  • Finance (24)
  • First Time Home Buyers (18)
  • For Buyers (38)
  • For Sellers (29)
  • FSBOs (2)
  • Home Repairs (1)
  • Home Security (1)
  • Housing Market Updates (10)
  • Hurricane Harvey (3)
  • Infographics (6)
  • Interest Rates (4)
  • Median Days on the Market Drops to 34 (1)
  • Move-Up Buyers (20)
  • Pricing (4)
  • Properties (2)
  • Real Estate Tips (35)
  • Rent vs. Buy (2)
  • Reverse Mortgages (1)
  • Sellers (54)
  • Selling Myths (1)
  • Uncategorized (12)

Recent Posts

  • Do You Know How Long Most Families Live in a Home?
  • VA Loans: Making a Home for the Brave Possible
  • Selling Your House on Your Own Could Cost You
  • Will Home Prices Fall as Mortgage Rates Rise?
  • Home Buying Myths [INFOGRAPHIC]

Contact Us

Contact Form

Get new posts by email

Design & Contents Copyright © GreenGatorMarketing 2017 : All rights reserved
All information on this website is believed accurate but is not guaranteed.

Texas Realtor Lic# 516913

“Texas Real Estate Commission Information About Brokerage Services” Please download the form at: www.trec.texas.gov/forms/information-about-brokerage-services

TREC Consumer Protection Notice

Please download the form at: “Texas Real Estate Commission Consumer Protection Notice” 

Contact Us

(cell) 281-415-5888
(off) 281-670-7394

Texas Premier Realty
art@FineHomesOfTexas.com

Onalaska, TX 77360

TwitterFacebookGoogle+PinterestYoutube

Art Di Segna All Rights Reserved

Site Designed By GatorIM