You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.
Oxford MI emanates a small town feeling. The village center consists of shops, restaurants and taverns stretching for 2 blocks. Local happenings such as athletic events, downtown fairs, scarecrow competitions, school plays and concerts garner a large turnout throughout the year. In a recent CNBC article, it was reported that many baby boomers are selling their current […]
“moving can already be one of the most stressful times in a person’s life…” For renters who aspire to be home owners, transitioning from an apartment to a house requires a shift in their thinking that they may not be prepared to make. The financial changes that come with owning, the need to consider planting […]
“indicating that housing markets across the country are strong“… A nationwide buy versus rent index is moving deeper into the “buy” territory, indicating that housing markets across the country are strong. This study by Florida Atlantic University and Florida International University also shows that home prices rose 5.4 percent in the first quarter. “This appears […]
Now that the U.S. has regained its job-creation mojo, as the October employment report showed, the demand for housing is only going to grow. After all, when people have jobs they can break off and form new households—ditching the roommates behind or finally moving out of Mom and Dad’s basement—and that’s what fundamentally drives home […]
Higher rents open eyes to the value of owning This article from RealtorMag, dated 04/05/12, talks about rent increasing by 2.7%, while vacancy fell 5% …… Economists and real estate agents say entry-level home buyers are once again jumping into the market in time for the spring selling season, spurred by ongoing price declines and […]