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

Written by St. Petersburg Mortgage Syndicated User on October 1, 2022. Posted in First Time Home Buyers, For Buyers, Infographics, Mortgage St. Petersburg, Rent vs. Buy, St. Petersburg, St. Petersburg Mortgage.

Some Highlights If you’re trying to decide whether to rent or buy a home, consider the advantages homeownership offers. Buying a home can help you escape the cycle of rising rents, it’s a powerful wealth-building tool, and it’s typically considered a good hedge against inflation. If you’re ready to take advantage of the benefits of homeownership, let’s connect to explore your options. Content previously posted on Keeping Current Matters

The U.S. Homeownership Rate Is Growing

Written by St. Petersburg Mortgage Syndicated User on August 16, 2022. Posted in First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage St. Petersburg, Rent vs. Buy, St. Petersburg, St. Petersburg Mortgage.

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage is growing with time. If you’re thinking about buying a home this year, here are just a few reasons why so many people see the value of homeownership. Why Are More People Becoming Homeowners? There are several benefits to owning your home. A significant one, especially when...

Buying a Home May Make More Financial Sense Than Renting One

Written by St. Petersburg Mortgage Syndicated User on August 4, 2022. Posted in First Time Home Buyers, For Buyers, Mortgage St. Petersburg, Pricing, Rent vs. Buy, St. Petersburg, St. Petersburg Mortgage.

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record level for Realtor.com data for the 16th consecutive month.” That means rising prices will likely impact your housing plans either way. But there are a few key differences that could make buying a home a more worthwhile...