Believing in Home Ownership in 2014

Believing in Home Ownership in 2014

If you are ready, willing and able to purchase a home, owning is much better than renting.

Now is a great time to buy a home.
  
Owning has massive benefits and now is a sensational time to plunge into owning your own home.

Here are a few sources to consider:

Benefits of Owning

Joint Center for Housing Studies, Harvard University:

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord…Having to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings.”

The Federal Reserve:

“Renters have much lower median and mean net worth than homeowners in any survey year.”

Benefits of Buying Now

Trulia:

“Buying costs less than renting in all 100 large U.S. metros… Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally.”

Freddie Mac:

"One thing seems certain: we are not likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012…Yes, rates are higher than they were a year ago – and certainly higher than two years ago. But if you look at the averages over the last four decades, today's rates remain historically low."

Click here to search Lake County Ilinois Homes for Sale.

Jim Starwalt

Thinking of making a move?

Download the New Free RE/MAX Home Search App or text the word MOBILE to 224-677-2200.

Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.

Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com

Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com

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Believing in Home Ownership in 2014

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