There are many reasons why home ownership is more compelling than renting. The infographic below from Florida Realtors via NAR highlights seven important ones.
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Why it’s Better to Own
Author: Bridgett Byzewski
According to a recent survey conducted by OnePoll on behalf of Divvy Homes, home affordability has become so out of reach that two out of five Americans believe they would need to win the lottery to become homeowners. The survey, which involved 2,000 current non-homeowners, also revealed that only 53% of them are confident in their ability to own a home someday.
Whether it’s your first real estate transaction or it is has just been some time since your last, I find it useful to have an illustration about how the process works. Florida Realtors has created the helpful image below for just that. I hope you find it as beneficial as I do.
With home prices in Florida still generally on an upward trend, navigating the real estate market has become challenging for both buyers and sellers due to mortgage rates. Currently hovering around 7%, some buyers have opted to put their home search on hold, hoping for a decline in either market interest rates or home prices, or even both. However, is this the most effective strategy?
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Happy Independence Day!
Enjoy time with your families!
