Homeownership Helps Protect You from Inflation [INFOGRAPHIC]

Written by Apalachicola Mortgage Mortgage Syndicated User on June 24, 2023. Posted in Apalachicola Mortgage, First Time Home Buyers, For Buyers, Infographics, Mortgage Apalachicola, Rent vs. Buy.

Some HighlightsWondering if it makes sense to buy a home today even when inflation is high? When other costs go up due to inflation, buying a home helps you keep your monthly housing expense steady.Rents typically increase with inflation. Maybe that’s why, according to a recent survey, 65.1% of landlords say they plan to raise the rent of at least one of their properties within the next 12 months.Especially when inflation is up, having a stable housing payment can be helpful. Connect with a local real estate agent so you can learn more and start your journey to owning a home today.

Owning a Home Helps Protect Against Inflation

Written by Apalachicola Mortgage Mortgage Syndicated User on May 25, 2023. Posted in Apalachicola Mortgage, First Time Home Buyers, For Buyers, Mortgage Apalachicola, Rent vs. Buy.

You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent continues to rise. Between all of those elevated costs and uncertainty about a potential recession, you may be wondering if it still makes sense to buy a home today. The short answer is – it does. Here’s why. Homeownership actually shields you from the rising costs inflation brings.Freddie Mac explains how: “Not only will buying today help you begin to build equity, a fixed-rate mortgage can stabilize your monthly...

Why Buying a Home Makes More Sense Than Renting Today

Written by Apalachicola Mortgage Mortgage Syndicated User on May 2, 2023. Posted in Apalachicola Mortgage, Buying Myths, First Time Home Buyers, For Buyers, Mortgage Apalachicola, Rent vs. Buy.

Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988. And, data from the latest rental report from Realtor.com shows rents continue to grow today, even though it’s at a slower pace than we saw at the height of the pandemic:“In March 2023, the U.S. rental market experienced single-digit growth for the eighth month in a row . . . The median asking...

Reasons To Consider Condos in Your Home Search

Written by Apalachicola Mortgage Mortgage Syndicated User on March 23, 2023. Posted in Apalachicola Mortgage, First Time Home Buyers, For Buyers, Mortgage Apalachicola, Rent vs. Buy.

Are you having trouble finding a home that fits your needs and your budget? If so, you should know there’s an option worth considering – condominiums, also known as condos. According to Bankrate:“A condo can be a more affordable entry point to homeownership than a single-family home. And as a homeowner, you’ll build equity over time and have access to tax benefits that a renter wouldn’t.”That’s why expanding your search to include additional housing types, like condominiums, could help you accomplish your homeownership goals this spring, especially if you can be flexible about the space you...

What’s Ahead for Home Prices in 2023

Written by Apalachicola Mortgage Mortgage Syndicated User on March 21, 2023. Posted in Apalachicola Mortgage, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Apalachicola, Move-Up Buyers, Rent vs. Buy.

Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.Selma Hepp, Chief Economist at CoreLogic, says:“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent...

Buying a Home May Make More Sense Than Renting [INFOGRAPHIC]

Written by Apalachicola Mortgage Mortgage Syndicated User on March 11, 2023. Posted in Apalachicola Mortgage, Buying Myths, First Time Home Buyers, For Buyers, Infographics, Mortgage Apalachicola, Rent vs. Buy.

Homeownership Is an Investment in Your Future

Written by Apalachicola Mortgage Mortgage Syndicated User on December 9, 2022. Posted in Apalachicola Mortgage, Buying Myths, First Time Home Buyers, For Buyers, Mortgage Apalachicola, Move-Up Buyers, Rent vs. Buy.

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), explains: “The desire for homeownership is strong. Many prospective buyers are waiting for the volatility in mortgage rates to subside, as well as for a clearer picture of the economic outlook.” If you’re in that position, remember that it’s important to consider not just what’s happening today but also what benefits you may...

Category: Rent vs. Buy