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New York Times: Homeownership is Best Way To Build Wealth

August 31, 2015 1:54 pm

 New York Times: Homeownership is Best Way To Build Wealth | Keeping Current Matters The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment. In a New York Times editorial entitled, Homeownership and Wealth Creationthey explain:
“Homeownership long has been central to Americans’ ability to amass wealth; even with the substantial decline in wealth after the housing bust, the net worth of homeowners over time has significantly outpaced that of renters, who tend as a group to accumulate little if any wealth.”

NAR’S Latest Existing Home Sales Report [INFOGRAPHIC]

August 28, 2015 1:54 pm

NAR's Latest Existing Home Sales Report [INFOGRAPHIC] | Keeping Current Matters

52% Likely to Buy in the Next 5 Years!! Are You?

August 27, 2015 1:51 pm

52% Likely to Buy in the Next 5 Years!! Are You? | Keeping Current Matters According to the recently released BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also had other interesting revelations.

Should I Wait to Put Down a Bigger Down Payment?

August 26, 2015 1:51 pm

Should I Wait to Put Down a Bigger Down Payment? | Keeping Current Matters Some experts are advising that first time and move-up buyers wait until they save up 20% before they move forward with their decision to purchase a home. One of the main reasons they suggest waiting is that a buyer must purchase private mortgage insurance if they have less than the 20%. That increases the monthly payment the buyer will be responsible for.

Don’t Get Caught In The Renter’s Trap

August 25, 2015 1:52 pm

Don't Get Caught In The Renter's Trap | Keeping Current Matters There are many benefits to homeownership, one of top ones, is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.