Tag Archives: renting
Shorewest Reports: One Third of Americans Spend Too Much on Rent
CNNMoney recently reported new data — one out of three Americans now live in an unaffordable housing market, categorized where rent for a three-bedroom home eats up more than 30% of the monthly median income, the traditional benchmark for housing …
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Federal Reserve Study Reveals Homeowners Net Worth is over 30 Times Greater than Renters
Since the Great Recession began and the housing market fell, homeownership was a less appealing avenue for acquiring wealth. Homeownership fell to lows as people were unable to pay their mortgages and renting became their only option. A new study …
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Buying Still a Better Deal than Renting
According to Trulia, it is 44% cheaper to buy versus rent, and homeownership is less expensive than renting in all of America’s 100 largest metropolitan areas. Why? Affordable mortgage rates have kept buying an attractive option for would-be renters in …
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