Rent vs. Buy Archives - Page 5 of 9 - The Monica Foster Team

Rent vs. Buy: How to Decide What’s Best for You

November 3, 2020 - General Information

According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline [...] Read More

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Monica Foster November 3, 2020

A Homeowner’s Net Worth Is 40x Greater Than a Renter’s

October 7, 2020 - General Information

One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s [...] Read More

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Monica Foster October 7, 2020

The Cost of Renting Vs. Buying a Home

August 28, 2020 - General Information

Some Highlights The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise. This is making buying a home an increasingly attractive option for many people, especially with low mortgage [...] Read More

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Monica Foster August 28, 2020

How Is Remote Work Changing Homebuyer Needs?

August 6, 2020 - General Information

With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close [...] Read More

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Monica Foster August 6, 2020

The Overlooked Financial Advantages of Homeownership

February 17, 2020 - General Information

There are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more. If you’re a renter, it’s never too early to make a plan for how homeownership can propel you toward a stronger [...] Read More

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Monica Foster February 17, 2020

Great News for Renters Who Want to Buy a Home

February 6, 2020 - General Information

Rents in the United States have been skyrocketing since 2012. This has caused many renters to face a tremendous burden when juggling their housing expenses and the desire to save for a down payment at the same time. The recent [...] Read More

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Monica Foster February 6, 2020

5 Reasons Homeowners Throw Better Parties During the Big Game

January 31, 2020 - General Information

Some Highlights: There’s more room to entertain a large crowd. The kitchen is big enough to whip up endless appetizers – yum! You don’t have to worry about complaints to your landlord when the cheering kicks in! [...] Read More

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Monica Foster January 31, 2020

3 Benefits to Buying Your Dream Home This Year

January 6, 2020 - General Information

Outside of a strong economy, low unemployment, and higher wages, there are three more great reasons why you may want to consider buying your dream home this year instead of waiting. 1. Buying a Home is a Great Investment Several [...] Read More

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Monica Foster January 6, 2020

Year-Over-Year Rental Prices on the Rise

December 26, 2019 - General Information

Looking ahead, 2020 is projected to be a strong year for homeownership. According to the Freddie Mac Forecast, “We expect rates to remain low, falling to a yearly average of 3.8% in 2020.” If you’re currently renting, 2020 may be a [...] Read More

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Monica Foster December 26, 2019

It’s ‘National Roof Over Your Head’ Day!

December 3, 2019 - General Information

Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd? As noted on the National Calendar, it was “created as a day to be thankful for what you have, [...] Read More

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Monica Foster December 3, 2019

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