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There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.
Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a "Rental Affordability Crisis." He warns that,
"Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that th...
Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner's net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).
In a Forbes ar...
Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting.
CoreLogic's latest Home Price Index reports that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.3% over the next year. The Home Price Expectation Survey polls a distinguished panel of ov...
Homes in north central Ohio are appreciating, good news for both sellers and buyers. In Richland County, the median home price per the local MLS for the 12 months ending September 30, was $89,900. That compares to a median price of $84,000 for the previous year which indicates strong year to year price appreciation of approximately 7%. Although home prices have not yet returned to peak levels, the current trend is good news for homeowners. For comparison, when local home values were peaking, the median home price in 2005 for Richland County was $94,900.
Due to what is often times the negative bent of the news media, many homeowners don't realize how values have increased. A recent study by Fannie Mae, su...
Congratulations Matt Walker!
Top Selling Agent for the Month of September!
