In a recent report, ATTOM revealed more Americans are opting for homeownership in place of leasing due to skyrocketing rental prices. In the 2022 Rental Affordability Report, the nation’s premier property database showed a median-priced home is more affordable than renting in 58% of the counties analyzed despite rising home prices. The building industry and homebuyers continue to experience a unique[...]
SmartAsset recently conducted a study to find out in which cities rents are increasing the most and the fastest. Based on 2013 median household incomes, 2016 median household incomes, 2013 average rent and 2016 average rent, SmartAsset determined the top 25 cities with the biggest increases in rent. In order of least rent increase to greatest rent increase, the top 25[...]
With interest rates at historically low levels and home prices still very affordable, interest has once again risen in purchasing a home to rent as a means of additional income. The amount of foreclosures available on the market has also helped to strengthen the number of investment buyers that have purchased homes and turned them into rentals. As one of the[...]
With the selling season fast approaching, now is the time to put your home on the market. But if the market isn’t ready to support what you want or need out of your home and you either aren’t living in it or it has already been sitting on the market unsuccessfully for some time, you may want to consider another[...]