Aug 4 2017 6823 1

Dated: 08/04/2017

Views: 468

Affordability challenges are weighing on the housing market, as many homebuyers and sellers contend with either being unable to compete or to find a new home within reach.

Buying a home, however, is still better than renting one in most states—35, to be exact, according to a recent study by GOBankingRates.

Analysts for GOBankingRates factored in recent median monthly home price and rent data by state, as well as mortgage rates—gathered by Zillow—to determine levels of affordability. The study assumed a 20 percent down payment on a 30-year, fixed-rate mortgage, and took into account homeowners insurance costs and property taxes.

Buying is significantly more affordable than renting in Alaska, Illinois, Maryland, New Jersey and New York, the study shows, with New Jersey residents saving $566 a month by owning—the highest yield of all states!  I love working with first time buyers, call me to learn if owning is better then renting for you. Lisa Regan 609-661-3100




Latest Blog Posts

Climbing Barnegat Lighthouse

Come visit a piece of our island's nautical history and find a great way to challenge yourself. Try the climb to  the top to see the incredible views or just enjoy the great views and park

Read More

Jul 20 2018 30150 1

CREATE AN OUTDOOR “LIVING ROOM” AT YOUR HOUSE By:  REBAC Staff Posted:  06/11/2018It's summertime! Now is the time to enjoy the great outdoors, leave the indoors behind, and

Read More

Harvey Cedars Beach Replenishment

The Beach Replenishment at Harvey Cedars is moving along. This video was taken on 7/19/18 looking north from Hudson Avenue...................it's amazing how much the beach had deteriorated over the

Read More

Recent 2018 Sale Surf City NJ

Be sure to bookmark this page to see the latest transaction in Surf City. TEXT "LBIPROEPRTYREPORT" TO 609-703-1343 to request a detailed report that shows what you house might sell for in today

Read More