Rent vs. Buy – Keeping Current Matters

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 time to start thinking about buying a home, especially when they’re so affordable in today’s market.

For Buyers, First-Time Buyers, Rent vs. Buy

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

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 time to start thinking about buying a home, especially when they’re so affordable in today’s market.

October 7, 2020/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Rent vs. Buy

The Cost of Renting Vs. Buying a Home [INFOGRAPHIC]

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 rates driving purchasing power.
Let’s connect if you’d like expert guidance on exploring your homebuying options while affordability is high.

August 28, 2020/by KCM CREW

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 to my company’s office building? Do I need a larger home with more office space? Would making a move to the suburbs make more sense for my family? All of these questions are on the table for many Americans as we ride the wave of the current health crisis and consider evolving homeownership needs.

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

How Is Remote Work Changing Homebuyer Needs?

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 to my company’s office building? Do I need a larger home with more office space? Would making a move to the suburbs make more sense for my family? All of these questions are on the table for many Americans as we ride the wave of the current health crisis and consider evolving homeownership needs.

August 6, 2020/by KCM CREW

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 future. Here’s a dive into three often-overlooked financial benefits of homeownership and how preparing for them now can steer you in the direction of greater stability, savings, and predictability.

For Buyers, First-Time Buyers, Rent vs. Buy

The Overlooked Financial Advantages of Homeownership

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 future. Here’s a dive into three often-overlooked financial benefits of homeownership and how preparing for them now can steer you in the direction of greater stability, savings, and predictability.

February 17, 2020/by KCM CREW

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 stabilization of rental prices provides a great opportunity for renters to save more of their current income to put toward the purchase of a home.

For Buyers, Rent vs. Buy

Great News for Renters Who Want to Buy a Home

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 stabilization of rental prices provides a great opportunity for renters to save more of their current income to put toward the purchase of a home.

February 6, 2020/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Rent vs. Buy

5 Reasons Homeowners Throw Better Parties During the Big Game [INFOGRAPHIC]

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!

Some Highlights

January 31, 2020/by KCM CREW

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.

For Buyers, First-Time Buyers, Rent vs. Buy

3 Benefits to Buying Your Dream Home This Year

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.

January 6, 2020/by KCM CREW

Looking ahead, 2020 is projected to be a strong year for homeownership. According to the Freddie Mac Forecast,

For Buyers, First-Time Buyers, Rent vs. Buy

Year-Over-Year Rental Prices on the Rise

Looking ahead, 2020 is projected to be a strong year for homeownership. According to the Freddie Mac Forecast,

December 26, 2019/by KCM CREW

Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd?

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

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

Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd?

December 3, 2019/by KCM CREW

There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream.

For Buyers, First-Time Buyers, Rent vs. Buy

The True Cost of Not Owning Your Home

There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream.

November 26, 2019/by KCM CREW

For Buyers, Infographics, Home Prices, First-Time Buyers, Rent vs. Buy

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Some Highlights

Historically, the choice between renting and 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%), the choice is clear.
Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.

November 15, 2019/by KCM CREW

Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject.

Home Prices, Rent vs. Buy

Think Prices Have Skyrocketed? Look at Rents.

Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject.

October 24, 2019/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Move-Up, Rent vs. Buy

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

Some Highlights

The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020.
CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.
If you’re ready and willing to buy your dream home, now is a great time to buy.

September 27, 2019/by KCM CREW

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable.

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

Homeowners Are Happy! Renters? Not So Much.

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable.

September 26, 2019/by KCM CREW

One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and what you owe is called equity.

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

One of the Top Reasons to Own a Home

One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and what you owe is called equity.

September 19, 2019/by KCM CREW

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

A Great Way to Increase Your Family’s Net Worth

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.

August 19, 2019/by KCM CREW

For Buyers, For Sellers, Infographics, First-Time Buyers, Move-Up, Rent vs. Buy

Rent Vs. Own [INFOGRAPHIC]

Some Highlights

Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.
Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord.
Renting and owning both have up-front fees when you sign your lease or close, respectively. Think about putting that money to work for you!

August 9, 2019/by KCM CREW

On his personal website, self-made millionaire David Bach makes a striking statement:
“Not prioritizing homeownership is the single biggest mistake millennials are making.”

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

Millionaire to Millennials: The Costly Mistake of Not Buying Now

On his personal website, self-made millionaire David Bach makes a striking statement: “Not prioritizing homeownership is the single biggest mistake millennials are making.”

August 5, 2019/by KCM CREW

If you’re currently renting and have dreams of owning your own home, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize.

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

Is Renting Right for Me?

If you’re currently renting and have dreams of owning your own home, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize.

July 22, 2019/by KCM CREW

Owning a home has great financial benefits.

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

5 Powerful Reasons to Own Instead of Rent

Owning a home has great financial benefits.

July 9, 2019/by KCM CREW

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 a condominium!

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

Millennials Are Increasing the Demand for Condominiums

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 a condominium!

July 2, 2019/by KCM CREW

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 and building Pinterest boards of their favorite home features.

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

Young First-Time Buyers Are Saving for Their Dream Homes

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 and building Pinterest boards of their favorite home features.

June 20, 2019/by KCM CREW

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 that rent is rising too, or should you lock in your housing cost and buy a home?

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

Renting or Owning, What Is Better for You?

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 that rent is rising too, or should you lock in your housing cost and buy a home?

June 11, 2019/by KCM CREW

For Buyers, For Sellers, Infographics, First-Time Buyers, Mortgage Rates, Move-Up, Rent vs. Buy

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

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% by the Q4 2020.
CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months.
If you are ready and willing to buy your dream home, find out if you are able to!

June 7, 2019/by KCM CREW

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.

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

The Feeling You Get from Owning Your Home

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.

June 5, 2019/by KCM CREW