buying is cheaper than renting

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buyer When to Wait (and When Not to Wait) When Buying a Home Buying a home is a big decision, perhaps one of the biggest in a person’s life. There are many factors to consider when the time is right for you. There are the things you can’t control like housing inventory, interest rates, and other current market factors in your area.Then there are the things you can […]
Antonella Dinnino Freedom from Renting Owning is cheaper than renting in most of the country. According to a new report from ATTOM Data, owning a median-priced home is more affordable in 58% of the 1100 counties surveyed than the average rent on a three-bedroom home. “Home ownership still remains the more affordable option for average workers in a majority of […]
buy a house Truths Young Homebuyers Need To Know   For many young or first-time homebuyers, purchasing a home can feel intimidating. It doesn’t have to be. If you’re interested in buying but aren’t sure where to begin, here are three key concepts about homeownership you should understand before you get started. You don’t have to put 20% down. Saving for a down payment is […]
buy a house Why Spring 2022 is the Time to Buy Are you thinking of buying a home? If so, Spring is traditionally a great time to make your purchase. It’s when most sellers decide to list. This Spring, inventory is increasing like usual, but you still need to be prepared to act fast. Here’s why:  More Home Listings, But Still More Buyers With more active […]
buying a home Why You Should Buy a Home This Year Buy a home or continue renting? Arguing the financial benefits can create a heated debate. However, there is one element in the home buying corner you can’t ignore: equity. “Owning a home makes you money,” says Christian Peguero, Sales Associate at ERA Justin Realty. “By renting, you’re paying someone else’s mortgage and making them money.” […]
buyers Why You Shouldn’t Wait until Spring to Buy A Home If you’ve been thinking of buying a home, don’t wait! “Housing market conditions continue to be very favorable for buyers,” says Catherine Nimmo, a sales associate with ERA Justin Realty Co. “If you’re ready to make a purchase, there are many factors in your favor right now.”   Mortgage Rates Are Low In 2020, mortgage […]
buy vs rent Renters Paying Substantially More While Owning Costs Less Renters Paying Substantially More While Owning Costs Less In a recent Blog, CoreLogic reported that rent prices have skyrocketed in recent years. Meanwhile, the typical mortgage payment has actually decreased. ERA Justin Realty’s Grace Tirrito a strong Realtor agent known for her many years of Rutherford and Lyndhurst sales, rentals and listings said, “CoreLogic’s national […]
buy vs rent Buying Is Now 26.3% Cheaper Than Renting in the US Buying Is Now 26.3% Cheaper Than Renting in the US “The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States,” according to ERA Justin Realty’s Margaret (Peggy) McLaughlin. In the six years […]
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