Rent vs. Buy Archives - Page 8 of 9 - The Monica Foster Team

The Cost of Renting vs. Buying This Spring

May 3, 2019 - General Information

Some Highlights: Historically, the choice between renting or 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%), [...] Read More

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Monica Foster May 3, 2019

Renters Paying Substantially More While Owning Costs Less

April 25, 2019 - General Information

In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage [...] Read More

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Monica Foster April 25, 2019

Slaying the Largest Homebuying Myths Today

April 12, 2019 - General Information

Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! 88% of property managers raised their rents in the [...] Read More

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Monica Foster April 12, 2019

Home Buyer Demand Will Be Strong for Years to Come

April 10, 2019 - General Information

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”. And while this might be [...] Read More

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Monica Foster April 10, 2019

Homeownership is a Cornerstone of the American Dream

March 14, 2019 - General Information

“The rumors of my death are greatly exaggerated.” The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. [...] Read More

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Monica Foster March 14, 2019

What are the Benefits of Becoming a Homeowner?

February 26, 2019 - General Information

Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time! [...] Read More

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Monica Foster February 26, 2019

How Can I Increase My Family’s Net Worth?

February 25, 2019 - General Information

Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 [...] Read More

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Monica Foster February 25, 2019

Why A Normal Market is Just What We Need

February 20, 2019 - General Information

The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone [...] Read More

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Monica Foster February 20, 2019

Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!

February 18, 2019 - General Information

In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your [...] Read More

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Monica Foster February 18, 2019

Why Homeownership Matters Now More Than Ever

February 13, 2019 - General Information

Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial [...] Read More

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Monica Foster February 13, 2019

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