Real Estate Voted the Best Investment Eight Years in a Row

Written by Boca Raton Mortgage Syndicated User on February 22, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy.

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines. Why Is Real Estate a Great Investment During Times of High Inflation? With inflation reaching its highest...

Owning Is More Affordable than Renting in the Majority of the Country

Written by Boca Raton Mortgage Syndicated User on February 8, 2022. Posted in Boca Raton Mortgage, Boca Raton Mortgage Rates, Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Pricing, Rent vs. Buy.

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. . . Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller...