{"id":2505,"date":"2022-03-16T13:54:05","date_gmt":"2022-03-16T13:54:05","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=2505"},"modified":"2022-03-16T13:54:05","modified_gmt":"2022-03-16T13:54:05","slug":"wondering-year-buy-home","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/wondering-year-buy-home\/","title":{"rendered":"Are You Wondering if This Is the Year To Buy a Home?"},"content":{"rendered":"
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Are You Wondering if This Is the Year To Buy a Home?<\/p><\/div>\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.<\/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

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Rental Prices Are Skyrocketing This Year<\/p><\/div>\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

\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><\/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

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The author will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.<\/em><\/h5>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Every year, many renters ask themselves the same question: Should I continue renting, or is it time to buy a home? 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 for you. Finish Reading Are You Wondering if This Is the Year To Buy a Home?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[196,38,240,15,18,27,91,57,86,52,49,42,40,63,20,48,442,26,102,458,28,47,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2505"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=2505"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2505\/revisions"}],"predecessor-version":[{"id":2508,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2505\/revisions\/2508"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=2505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=2505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=2505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}