Rent vs. Buy Archives - Page 2 of 9 - The Monica Foster Team

Renters Missed Out on $51,500 This Past Year

November 1, 2021 - General Information

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year, the national median rent has [...] Read More

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Monica Foster November 1, 2021

Experts Agree: Homeownership Provides a Path to Long-Term Wealth

October 11, 2021 - General Information

A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own The pride [...] Read More

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Monica Foster October 11, 2021

111,285 Reasons You Should Buy a Home This Year

October 7, 2021 - General Information

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the [...] Read More

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Monica Foster October 7, 2021

Reasons Renters Buy

October 1, 2021 - General Information

Some Highlights When deciding whether you should rent or buy, make sure you’re considering these factors. Buying a home means consistent monthly payments. Homeownership also helps to build your wealth. And owning a home gives you greater flexibility than renting. [...] Read More

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Monica Foster October 1, 2021

Have You Ever Seen a Housing Market Like This?

September 17, 2021 - General Information

Some Highlights Whether you’re buying or selling – today’s housing market has plenty of good news to go around. Buyers can take advantage of today’s mortgage rates to escape rising rents and keep monthly payments affordable. Sellers can reap the [...] Read More

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Monica Foster September 17, 2021

What You Can Do Right Now To Prepare for Homeownership

September 1, 2021 - General Information

As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in [...] Read More

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Monica Foster September 1, 2021

The Difference in Net Worth Between Homeowners and Renters Is Widening

August 30, 2021 - General Information

Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial [...] Read More

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Monica Foster August 30, 2021

If Housing Affordability Is About the Money, Don’t Forget This.

August 26, 2021 - General Information

There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a [...] Read More

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Monica Foster August 26, 2021

More Young People Are Buying Homes

August 19, 2021 - General Information

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains [...] Read More

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Monica Foster August 19, 2021

With Rents on the Rise – Is Now the Time To Buy?

August 3, 2021 - General Information

According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply [...] Read More

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Monica Foster August 3, 2021

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