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Harvard: 5 Reasons Why Owning A Home Makes Sense Financially
We have reported many times that the American Dream of homeownership is alive and well. The personal reasons to own a home differ for each buyer, but there are many basic similarities.
Buying Is Now 33.1% Cheaper Than Renting in the US
The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!
Tax Return Depressing? Owning a Home Could Help
According to the Tax Policy Center’s Briefing Book -“A citizen’s guide to the fascinating (though often complex) elements of the federal Tax System” – there are several tax advantages to homeownership.
Do You Know How Much Equity You Have In Your Home? You May Be Surprised!
The study also revealed that only 37% of Americans believe that they have “significant equity” (greater than 20%), when in actuality, 74% do!
FSBO, List Again or OTM? A Seller’s Dilemma
If that is the case, you may want to give your existing agent a second chance. That’s a perfectly okay thing to do.
Are the Kids Finally Moving Out?
Not every person moving out will decide on an apartment. A certain percentage of consumers will decide that homeownership is a better option for themselves and their families.