When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and insights, and we read reviews online. There’s no difference when considering a home purchase! Most homebuyers start by […]
The following graphic illustrates the percentage of income used when renting vs. buying a home. Right away you can see a big difference. Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the […]
Want to know where you can afford to live in the Bay Area with your current income? With information gathered from various sources, Journalist, Kaitlyn Bartley, with the Bay Area News Group, created a cool calculator that will tell you just that. If you are priced out of an area of your choice, don’t be […]
If you haven’t heard by now, beginning in 2020, California will become the first state in the nation to require all newly built homes to have solar panels installed. Single-family homes and multi-family buildings that are up to three stories high must conform to the new solar power standard. As a result, “New homes that […]
In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage payment was down 4% over that period.” Why the difference between the costs of renting […]
The Black homeownership rate continues to decline at a much higher rate than other races. According to the latest U.S. Census Bureau’s report, it sits around 42.9%, which is said to be about the same as where it was 50 years ago, when the Fair Housing Act of 1968 was passed. “Historically, minority households have […]