think home prices have skyrocketed? look at rent costs.

think home prices have skyrocketed? look at rent costs.

Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject.

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a great way to increase your family’s net worth

a great way to increase your family’s net worth

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

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what experts are saying about current housing inventory

what experts are saying about current housing inventory

The current housing landscape presents greater home values, low-interest rates, and high buyer demand. All of these factors point to a strong market that is forecasted to continue throughout the rest of the year. There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up.

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