{"id":7662,"date":"2022-03-16T06:00:58","date_gmt":"2022-03-16T10:00:58","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=7662"},"modified":"2022-03-16T06:00:58","modified_gmt":"2022-03-16T10:00:58","slug":"are-you-wondering-if-this-is-the-year-to-buy-a-home","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=7662","title":{"rendered":"Are You Wondering if This Is the Year To Buy a Home?"},"content":{"rendered":"
\n

\"Are<\/p>\n

Every year, many renters ask themselves the same question: Should I continue renting<\/a>, or is it time to buy a home<\/a>?<\/em> If you\u2019re a renter, chances are you\u2019ve asked yourself that question at least once, and it\u2019s likely because you\u2019ve faced an increase in your monthly housing costs over time. After all, according to Census<\/em><\/a> data, rents have risen consistently for decades.<\/span><\/p>\n

To make an informed and powerful decision, the first step is understanding what\u2019s happening in today\u2019s housing market so you can determine which option is the better long-term financial decision<\/a> for you.<\/p>\n

Rents Are Going Up Again This Year<\/strong><\/h4>\n

Rents are skyrocketing right now. Data<\/a> from realtor.com<\/em> shows just how much rental prices are surging throughout the country. The graph below highlights rental unit price increases over the past year:<\/p>\n

\"Are<\/a><\/p>\n

If you\u2019re a renter and plan on signing a new lease, your monthly costs are likely to go up when you do. Those rising costs can have a big impact on your financial goals, including any plans<\/a> you\u2019re making to save for a home purchase.<\/p>\n

Homeownership Offers Stable Monthly Costs<\/strong><\/h4>\n

Of course, one of the key benefits of owning your home is that you\u2019re able to lock in<\/a> and stabilize your payments for the duration of your loan. That\u2019s not the case when you rent. <\/strong><\/p>\n

While rents are already on the rise, there\u2019s a good chance many people will see their rental costs increase even more this year. As Danielle Hale, Chief Economist at realtor.com<\/em>, says<\/a>:<\/p>\n

\n

\u201cWith rents already at a high and expected to keep going up, rental affordability will increasingly challenge many Americans in 2022<\/strong>. For those thinking about making the transition from renting to buying their first home, rising rents will remain a motivating factor. . . .\u201d<\/em><\/p>\n<\/blockquote>\n

So, if you\u2019re ready to become a homeowner, waiting any longer may not make financial sense. Instead, escape the cycle of rising rents<\/a> and enjoy the many benefits<\/a> that come with homeownership today.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Starting your journey towards homeownership can pay off significantly this year. If you\u2019re financially ready today, let\u2019s connect so we can discuss your options.<\/p>\n

Content previously posted on Keeping Current Matters<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\"AreEvery year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? If you\u2019re a renter, chances are you\u2019ve asked yourself that question at least once, and it\u2019s likely because you\u2019ve faced an increase in your monthly housing costs over time. After all, according to Census [\u2026]<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3,88,84,125],"tags":[],"class_list":["post-7662","post","type-post","status-publish","format-standard","hentry","category-blog","category-first-time-home-buyers","category-for-buyers","category-rent-vs-buy"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/7662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7662"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/7662\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}