Rentals

Aug 15

8 Rental Kitchen Makeovers Under $100

Spice up bland decor with budget-friendly kitchen makeover ideas that solve common rental eyesores. A bland or outdated kitchen can present a steep challenge to any renter who craves a little more style in the heart of their home. That’s because the things that make the most impact in a kitchen — namely, appliances, cabinets, …

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Apr 02

In Seattle, buying a home beats renting in less than two years

Home buyers in the Puget Sound region “break even” on a home purchase in 1.9 years. The “Breakeven Horizon” study, published by Seattle online real estate company Zillow, found that home buyers across the country break even on a home purchase in less than two years in 70% of housing markets. The break even horizon as …

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Jan 22

So You Think You Can Be a Landlord? 7 Things to Consider

Learn how to avoid common mistakes of first-time landlords First-time homebuyers are a declining group. Historically, 40 percent of homebuyers have been first-time buyers, calculated yearly from July to June. But that percentage continues to shrink, even if the true homeownership rate among millennials climbed ever so slightly last year. If you’re already a homeowner, …

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Jul 14

Buy vs Rent: What really builds family wealth?

​ There has been recent press regarding whether or not it makes better financial sense to rent rather than buy in today’s housing market. As an example, the recently released June Summary of the BH&J Buy vs. Rent Index reported: “…as of the end of the first quarter of 2015, the housing market in the …

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Apr 08

Nationally, renting is twice as expensive as buying

It’s more affordable to buy a home now in most U.S. metros than it was 15 years ago, even for millennials putting down less money on a home, according to a Zillow analysis of third-quarter income and home value data. Renters, however, continue to pay an increasing share of their income to their landlords as …

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Dec 11

Can you afford to rent in Seattle?

‘What’s Up? Nothin’ But the Rent.’ No news to Seattle renters, but Seattle is officially one of the most expensive cities to rent a home… tenth in the country behind San Franciso. Seattlites need to make the equivalent of $44/hour to afford a median rent. San Francisicans need to earn a minimum of $79/hour. Renting …

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Nov 22

Renters Burdened More Than Home Owners

Housing cost burdens fell for the third consecutive year*. Last year, 39.6 million households spent more than 30% of their income on housing, which is a decrease from 40.9 million in 2012 and down from the peak of 42.7 million in 2010. However, while housing cost burdens are dropping among home owners, they continue to …

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Mar 22

Mixed news for Seattle area rents

According to a Seattle Times article dated September 2013, apartment rents in the Seattle area rose faster in the past year than in any of the 81 other major U.S. metros tracked by a leading property-research firm. For all of 2013, area rents rose 6.5%. Rents dipped by $5 in the fourth quarter of 2013, …

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Mar 03

34% Cheaper to Buy than Rent in Seattle

Is renting or buying cheaper in Seattle? The Trulia Winter 2014 Rent vs. Buy Report tells us that the savings gap between renting and buying is narrowing across the U.S. Still, on average home ownership is still 38% cheaper than renting, ranging from 66% cheaper in Detroit to 5% in Honolulu. Question to think about: …

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Oct 23

Puget Sound rent increases lead the nation

Seattle area rents up 6% in one year Apartment rents in the Seattle area rose faster in the past year than in any of the 81 other major U.S. metros tracked by a leading property-research firm. New York-based Reis reports the average asking rent in the Seattle area climbed 6% in the past 12 months, outpacing …

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