Our Realtor friends and clients may find this graphic about people’s beliefs about homeownership and about renting vs. buying by age group very interesting:
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Posts Tagged ‘Homeownership’
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Gen X & Y and Homeownership
Friday, November 9th, 2012Generation X is generally defined as those who were born in the early 1960s until the early 1980s and Generation Y is defined as those born after 1982. This neat graphic shows their ideas about what indicates success:
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The Finances of Renting vs. Buying
Thursday, September 27th, 2012
Trulia reported this week that homeownership is 45% cheaper than renting in the United States. Jed Kolko, Trulia’s Chief Economist explained:
“Homeownership is cheaper than renting in all of the 100 largest metros, by a wide margin. Despite the recent price rebound, rents continue to rise faster than prices, and mortgage rates are near record lows.
Homeownership makes the most financial sense for people whose strong credit scores let them snag the lowest mortgage rate and who get the biggest benefit from deducting mortgage interest and property taxes from their income taxes.”
(Trulia’s methodology is explained here.)
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National Housing Survey 2012
Wednesday, May 2nd, 2012
Each quarter, Fannie Mae releases their National Housing Survey. They survey the American public on a multitude of questions concerning today’s housing market. Here are some interesting findings from the most recent report:
84% of the general population believes that owning a home makes more sense than renting.
Keep Reading National Housing Survey 2012
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