Rent vs. Buy | The Paradigm Realty Group

3 Ways Home Equity Can Have a Major Impact on Your Life

Distressed Properties, For Buyers, For Sellers, Foreclosures, Rent vs. Buy / Ajeenah Crittendon

$\"3$ There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM […]

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6 Foundational Benefits of Homeownership Today

First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy / Ajeenah Crittendon

$\"6$ Over the past year, our homes have become an integral part of our lives more than ever. They’re much more than the houses we live in. They’re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, 65.8% of Americans are fortunate enough to call their […]

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Why Owning a Home Is a Powerful Financial Decision

First Time Home Buyers, For Buyers, Interest Rates, Rent vs. Buy / Ajeenah Crittendon

$\"Why$ In today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net worth, and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a stronger future. Here’s a dive into […]

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Owning a Home Is Still More Affordable Than Renting One

Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Pricing, Rent vs. Buy / Ajeenah Crittendon

$\"Owning$ If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, […]

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How to Make the Dream of Homeownership a Reality This Year

Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy / Ajeenah Crittendon

$\"How$ In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one […]

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The Importance of Home Equity in Building Wealth

Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Pricing, Rent vs. Buy / Ajeenah Crittendon

$\"The$ Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through […]

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Turning a House into a Happy Home

First Time Home Buyers, For Buyers, Rent vs. Buy / Ajeenah Crittendon

$\"Turning$ We talk a lot about why it makes financial sense to buy a home, but more often than not, we’re drawn to the emotional reasons for homeownership. No matter the living space, the feeling of a home means different things to different people. Whether it’s a certain scent or a favorite chair, the feel-good connections to our […]

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The Difference a Year Makes for Homeownership

First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Rent vs. Buy / Ajeenah Crittendon

$\"The$ Over the past year, mortgage rates have fallen more than a full percentage point, hitting a new historic low 15 times. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them. 1. Move-up or Downsize: One option is to consider moving […]

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Homeownership Is a Key to Building Wealth

For Buyers, For Sellers, Pricing, Rent vs. Buy / Ajeenah Crittendon

$\"Homeownership$ For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of […]

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Rent vs. Buy: How to Decide What’s Best for You

Buying Myths, First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy / Ajeenah Crittendon

$\"Rent$ According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting […]

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