Tag: rentals

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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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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Seattle area rental demand high… and so are rents

Low housing inventory, a growing population of young tech-company workers and changing attitudes about when to buy a home are all contributing to rent increases throughout the Seattle metro area. Even after hundreds of new units opened up in Seattle this year, demand and rent prices have continued to move up and show no signs of …

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42% cheaper to buy in Seattle area than to rent

Wow! Did you realize that today’s mortgage rates and home prices combine to make it 42% cheaper to buy a home in the Seattle area than to rent? Big difference, eh? Nationwide it’s 44% cheaper to buy than to rent… but this picture will be changing according to Trulia.  Check Trulia’s infographics to see where …

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Buying is 42% cheaper than renting in Seattle area

It’s more affordable to buy a home than to rent in the 100 largest metros in the nation. That’s the case if you plan to stay in the home for seven years, which is the average time Americans traditionally live in a home before moving. The findings come from real estate data provider Trulia, which conducted a …

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Rents… where are they headed?

When deciding whether or not to buy a home, one consideration will be the cost of alternative housing options. Renting an apartment is one such alternative. So, where are rental prices heading over the next few years? Rental prices usually increase by about 3 percent annually. Trulia just released their Trulia Rent Monitor where they revealed that rental prices …

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Rents rising: Seattle rents up 9.5% as of June

Home prices make gains in June  June asking prices for homes sold were up by 0.3% month over month in June 2012, the latest month of Trulia national data. Aside from May, when asking prices increased by so little that they were essentially unchanged, asking prices have moved up every month since February. Now, even the year-over-year price …

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Rents Rising as Rental Availability Shrinks

Because of the challenges in the current economy, many families have either decided to rent or been forced to rent. How has this impacted rental options and the cost of the available options? HousingWire recently quoted Paul Dales, senior economist with Capital Economics: “As a consequence of Americans being less willing and less able to buy …

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Where Are Rents Headed?

People are delaying the decision to buy a home because they are not sure where prices are headed. If they buy and prices continue to soften, they feel that they will not have purchased at the optimal moment. They reason that, if they sit and wait, they can’t be hurt. This thinking assumes that a …

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Rental market continues to tighten

Fewer vacancies, higher rents The Market Tightness Index, which examines vacancies and rents, rose to a record 90 from 78 last quarter. … Almost four in five respondents (79%) said markets were tighter (lower vacancies and/or higher rents) and—for the first time ever—not a single respondent thought conditions were looser. According to NMHC Chief Economist …

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