Rent Vs. Buy | Solari Group Blog

Monday, May 6, 2019   /   by Nicole Solari

The Cost Of Renting Vs. Buying This Spring

THE COST OF RENTING VS. BUYING THIS SPRING [INFOGRAPHIC]







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 (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

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  real estate, home ownership, homebuyers, first time home buyer, for sale, the solari group, market trends, home buyer, rent, rent vs. buy, renters

Thursday, July 5, 2018   /   by Nicole Solari

Homes Are More Affordable Today Than They Were in 1985-2000

Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home.


However, it is not just the price of a home that determines its affordability. The monthly cost of a home is determined by the price and the interest rate on the mortgage used to purchase it.


Today, mortgage interest rates stand at about 4.5%. The average annual mortgage interest rate from 1985 to 2000 was almost double that number, at 8.92%. When comparing affordability of homeownership over the decades, we must also realize that incomes have increased.


This is why most indexes use the percentage of median income required to make monthly mortgage payments on a typical home as the point of comparison.


Zillow recently released a report comparing home affordability over the decades using this formula. The report revealed that, though homes are less ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, selling, finances, first time home buyer, moving, rent vs. buy

Thursday, December 21, 2017   /   by Hayley Baker

Rents Are On The Rise: Don't Get Caught In The Rental Trap!

Rents Are On The Rise: Don’t Get Caught In The Rental Trap!






There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage.
Don’t Become Trapped 
A recent article by Apartment List addressed rising rents by stating:

“Rents are up 2.7% year-over-year at the national level. Year-over-year growth continues to fall between the 2.1% rate from this time last year and the 3.4% growth rate from October 2015.”

The article continues explaining that:

“Despite the seasonal slowdown, rents are still up year-over-year in 89 of the 100 Largest cities.”

Additionally, the Urban Institute revealed that,

“Over a quarter of renters, or 11.1 million households, are severely cost burdened, spending at least half their income on rental housing.”

These ho ...

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  real estate, homebuyers, buying, first time home buyer, rent vs. buy

The Solari Group
Nicole Solari
DRE# 02014153

Solano Location
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-486-5400

Napa Location
1700 2nd Street Suite 222
Napa, CA 94559
707-819-9119

IDX Content is provided via the Internet for consumers’ personal, non-commercial use. Variable Price’ indicates the seller is willing to entertain offers within a Listing Price Range. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. IDX provided by Commissions Inc. Data last updated:June 16, 2019