In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, 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 ... » Learn More about Renters Paying Substantially More While Owning Costs Less
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data ... » Learn More about How Quickly Can You Save Your Down Payment?
Some Highlights: Historically, the choice between renting or buying a home has been a tough decision.Looking at the percentage of income needed to rent a median-priced home today (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.Every ... » Learn More about The Cost of Renting vs. Buying a Home [INFOGRAPHIC]