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Careful…Don’t Get Caught in the Rental Trap!

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There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped   Jonathan Smoke,  Chief Economist  at  realtor.com ,  reported  on what he calls a  “Rental Affordability Crisis.”  He warns that, “Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.” In the  Joint Center for Housing Studies  at  Harvard University's  2016 State of the Nation’s Housing Report ,  they revealed that  “ The number of cost-burdened households rose   to 21.3 million . Even more troubling, the number with severe burdens (paying more than  50% of income  for housing) jumped  to a record 11.4 million. ”  These households struggle to save for a rainy day and pay oth...
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Is Now a Good Time to Rent?

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People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The  Census Bureau  recently  released  their 2017 first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today: As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to  buy a home  of your own instead. Bottom Line One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, let’s meet to determine if you are able to today! Simplifying The Market Find Out Your Home's Value For Free! Hoston Homes And Rentals Houston Realtor Leslie Don W...
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Gallup: Real Estate is Best Long-Term Investment 4 Years Running

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Every year,  Gallup   surveys  Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart below. The study makes it a point to draw attention to the contrast of the sentiment over the last four years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession. Bottom Line As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment. Simplifying The Market Find Out Your Home's Value For Free! ...
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