Rent vs. Buy Archives - Page 7 of 9 - The Monica Foster Team

5 Powerful Reasons to Own Instead of Rent

July 9, 2019 - General Information

Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in [...] Read More

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Monica Foster July 9, 2019

Millennials Are Increasing the Demand for Condominiums

July 2, 2019 - General Information

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying [...] Read More

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Monica Foster July 2, 2019

Young First-Time Buyers Are Saving for Their Dream Homes

June 20, 2019 - General Information

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings [...] Read More

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Monica Foster June 20, 2019

Renting or Owning, What Is Better for You?

June 11, 2019 - General Information

In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing [...] Read More

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Monica Foster June 11, 2019

What is the Cost of Waiting Until Next Year to Buy?

June 7, 2019 - General Information

Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac forecasts interest rates to rise to 4.5% [...] Read More

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Monica Foster June 7, 2019

The Feeling You Get from Owning Your Home

June 5, 2019 - General Information

We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful and compelling ones. No matter what shape or size your living space is, the concept [...] Read More

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Monica Foster June 5, 2019

How Homeownership Delivers Unsurpassed Family Wealth

June 4, 2019 - General Information

There are many financial benefits to homeownership, but probably none more important than its ability to create family wealth. How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is an online resource [...] Read More

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Monica Foster June 4, 2019

4 Reasons to Buy A Home This Summer

June 3, 2019 - General Information

Here are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts [...] Read More

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Monica Foster June 3, 2019

The Top Reasons to Own Your Home

May 31, 2019 - General Information

Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home? [...] Read More

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Monica Foster May 31, 2019

New Research Shows Housing Is Affordable For First-Time Buyers

May 14, 2019 - General Information

Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns. The National Association of Realtors (NAR) reports [...] Read More

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Monica Foster May 14, 2019

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