A newly released study reveals that rent and housing have reached record-breaking highs in unaffordability for the average American household. Half of American renters paid more than 30 percent of their income for rent and utilities in 2022, when rents increased due to the COVID-19 epidemic, according to recently released data from Harvard University’s Joint Center for Housing Studies. Almost 50 percent of those individuals had extra high costs, such as utilities and other household upkeep, accounting for almost 50 percent of their earnings, the report shows. https://thepostmillennial.com/us-housing-rents-hit-record-high-in-2022 […]
Thomas Slupske
Blog
Rent or Buy a house?
What’s up with Home Prices?
How will the Spring 2023 Housing Market affect Home Prices? It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices. Home prices vary by community, and even by neighborhood and every local market is different. During the last few months house prices were largely […]
Compare Housing Costs, Now vs Then.
Yes, mortgage rates are higher, but are you better off waiting or buying now? According to the latest RE/MAX National Housing Report, signs are pointing to a more balanced housing market among U.S. homebuyers and sellers. What does that mean to the average homebuyer? Six months ago, there was limited inventory and homebuyers had to fight […]
Everyone knows 5-6 Realtors, but what don’t you know?
It seems every person knows a real estate agent, often they know 5 or 6. Many know someone who wants to be a real estate agent, but when asked why the most common reply is “because I like to look at houses.” And, “It looks easy on TV.” Well, it takes more than looking at […]
Home buying today more expensive?
TomsTIP: Is purchasing a home today more expensive? Maybe no. Yes, the mortgage rates are higher, but in most situations, for modest price housing, you’re not paying $20,000, $30,000, or more over the list price. Outbidding others was common just a short time ago. Many houses experienced 25+ offers, I even heard of 55 offers […]
How to Choose a Realtor, by Dave Ramsey
What does financial expert Dave Ramsey say about Realtors? Dave Ramsey is an American personal finance personality, radio show host, author, and businessman. An evangelical Christian, he hosts the nationally syndicated radio program The Ramsey Show. Ramsey has written several books, including The New York Times bestseller The Total Money Makeover, and hosted a television show. According to Dave, “You […]