Rent vs. Buy Archives - Page 3 of 3 - Joe Fernald

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up

Net Worth of Homeowners 44X Greater than Renters

October 12, 2017

First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Rent vs. Buy

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Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth of homeowners was $231,400 – a 15% increase since 2013. At the same time, the median net