2016 Winter Housing Report

2016 Winter Housing Report

According to Zillow.com, low interest rates and affordable mortgage payments remain encouraging to Millennials, however skyrocketing rents are compelling motivation for them to make a change in their housing situation.

Current renters spend roughly 30 percent of their household income on housing; home buyers spend about 15 percent of their monthly income on a mortgage payment for a typical home.

...and rental costs are still remarkably higher than homeownership costs by approximately $300,000 over 20 years!!!Image title

Michele Stash Headshot
Phone: 703-585-8856
Dated: December 16th 2015
Views: 965
About Michele: When you want to buy or list, allow me to show you how I can save you $$$$$. Call me When you ...

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