CoreLogic reported in a recent Insights Blog, that rent prices have skyrocketed since 2005 while, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage payment was down 4% over that period.” Why such a difference between the costs of renting versus owning?
Are you a renter? There are so many of them in the housing market now, and all of them have to bear ever increasing rental amounts. How much of your monthly income goes towards your rent? A survey claims that this amount should not be more than 33% of your paycheck; only then will you be able to afford the …
Real Estate economists and insiders predict the 2013 market trends to include: increasing home prices, increasing rent prices, less foreclosure bargains, an increase in short-sales, an increase in first time buyers, higher home construction costs, an increase in property management, an increase in mortgage rates, and easier credit standards. However, these predictions are based on the mainstream forecast of economic …
