fill
fill
fill
Moreita Chapman, The Tucson Homes Team
Tucson - Foothills
fill
(520) 918-5419
moreita@msn.com
fill
fill
fill
fill
Buying a Home
fill
myPropertyAlerts
fill
Mobile App
fill
Selling a Home
fill
Open House Search
fill
90 Years Strong
fill
Long Home Advantage
fill
fill
fill
fill fill
HOUSE NUMBER
fill fill
fill fill fill fill
fill
and/or
fill fill fill
fill
STREET NAME
fill fill fill
fill fill fill
fill
CITY
fill fill fill
fill fill fill
fill
MLS NUMBER
fill fill fill
fill
You can enter multiple MLS Numbers separated by a comma.
fill fill
fill fill fill
fill
fill
fill

Put Your Housing Cost To Work For You!

March 30, 2016

There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. As we have said before, mortgage interest rates are still near historic lows and rents continue to rise.

Housing Cost & Net Worth

Whether you rent or buy, you have a monthly housing cost.

As a buyer, you are contributing to YOUR net worth.

Every mortgage payment is a form of what Harvard University’s Joint Center for Housing Studies calls “forced savings.”

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

The principal portion of your mortgage payment helps build your net worth through building the equity you have in your home.

As a renter, you are contributing to YOUR LANDLORD’S net worth.

Below is an example of the home equity that would be accrued over the course of the next five years if you had purchased a home in January; based on the results of the Home Price Expectation Survey.



Bottom Line

Use your monthly housing cost to your advantage! Meet with a local real estate professional who can explain the opportunities available in your market.

Source: Keeping Current Matters

Real Estate Market Articles

How to Get the Most Money from the Sale of Your Home

Here are five reasons listing your home for sale this fall makes sense

5 Reasons Why You Should Not For Sale by Owner

Do Your Carpets Need to be Refreshed?

Top Reasons You Should Sell This Summer

Protect Yourself From Consumer Wire Fraud

The Truth About Home Mortgage Rates and Downpayments

April 2017 Federal Reserve Interest Rate Update 

The Great News About Rising Prices for Homeowners

The #1 Reason to Sell Now... Not Next Spring

How Historically Low Interest Rates Increase Your Purchasing Power

The Real Estate Market Is Getting Stronger

How Scary is the Housing Affordability Index?

Do Homeowners Realize Their Equity Position Has Changed?

Put Your Housing Cost To Work For You!

How To Get The Most Money When Selling Your House

5 Great Ways to Save on Moving Costs

Important Things You Need to Know To Be Ready for the Changes in Mortgage Laws

The Market Warmed Up in May

Homeownership as an Investment: The Role of Price Appreciation

Why Tax Planning for Real Estate Has Become More Important

February Sees an Uptick in Real Estate Activity

New York Times: Homeownership is Best Way To Build Wealth

Harvard's 5 Financial Reasons to Buy a Home

Luxury Housing Is Alive

Balance Returns to Arizona Housing

Want to Sell Your House? Price it Right!

It's a Price Sensitive Market, Again

Is Housing Returning to a Balanced Market?

Trends in Arizona Housing

Housing Market Trends through 2013

Luxury Housing is Coming Back

Mortgage Interest Rates: Where Are They Headed?

Tips for Home Shopping in a Seller's Market

FHA Will Increase it's Annual Mortgage Insurance Premium

State of the Tucson Housing Market

Arizona Housing Not So Distressed Any More

Tucson Housing Deflating or Recovering? Get the Real Story

In Real Estate it’s also Price, Price, Price

A Message To Homeowners - Things Have Changed…

A Shortage of Housing Inventory?

Signs of an Arizona Housing Recovery

The Arizona Luxury Market Breathing Life

Tucson Home Prices Up 7% in March

Is the Tide of Distressed Home Sales in Arizona Changing?

The Start of the Housing Upturn

What’s Up With the Arizona Housing Market?

Arizona Housing Gains Momentum Heading Into 2012