by kramoltz@hotmail.com | May 18, 2021 | Home Buying, Renters and Renting
1. Low Mortgage Rates. Loan payments are affordable due to low interest rates, pushing housing accessibility higher, which has helped to offset our rise in prices. 2. Rent is High. It’s often cheaper to buy than lease as rents have been on the rise and are predicted...
by kramoltz@hotmail.com | Mar 5, 2019 | Real Estate Facts & Figures
The return on investment in income property is tied to two basic economic components: the annual net income it produces, plus the proceeds of refinancing or sale. Therefore the total return on a real property asset is a combination of annual returns and the final...
by kramoltz@hotmail.com | Nov 8, 2018 | Renters and Renting
The metro Phoenix area has the nation’s second-fastest growing apartment rental rates. Some renters may pay hundreds of dollars in higher rent over the next year, according to a new report from RentCafe. From September 2017 to September this year Phoenix had the...
by kramoltz@hotmail.com | Aug 25, 2016 | Home Buying, Renters and Renting
The National Association of REALTORS reviewed employment growth, household income and qualifying income levels in nearly 100 of the largest metropolitan areas across the U.S., to determine which areas with employment gains above the national average also have the...
by kramoltz@hotmail.com | Feb 10, 2015 | Home Buying, Mortgages + Lending
Here are four general rules of mortgage affordability you can use to help you determine how much debt you can handle when buying a home. What is your Income? You can typically afford a home priced two to three times your gross income. So if you earn $100,000,...