The Cost of Renting vs. Buying This Spring ![The Cost of Renting vs. Buying This Spring [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2019/05/29064811/20190503-ENG-STM-1046x1354.jpg)
Some Highlights:
- Historically, the choice between renting or buying a home has been a tough decision.
- Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.
- Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!
Guide to downsizing for retirees’s
Single Level Living is the best choice for Retiree's Retirement marks a significant transition in life, often prompting reevaluation of one's living situation and possessions. Downsizing can offer a simplified, more manageable lifestyle that aligns with the needs of...
Median Home Prices February 2025
February 2025 Stats
Plans to Build 3 Million New Houses
Selling and leasing a small portion of federal land could lead to the construction of over three million houses in Western states, according to a right-leaning think tank. The Bureau of Land Management holds 267,000 square miles, and selling just 850 miles could...
How to Avoid Capital Gains Taxes on Investment Properties
Capital gains on investment properties must be reported in the year of sale unless deferred. Use IRS Code Section 1031 to defer capital gains taxes by exchanging for a similar property.
Balanced Market Ahead: Median Price Approaches $411K
Home prices are expected to increase modestly in 2025, with a forecasted median of $410,700. Inventory will rise slightly, creating a balanced market with more opportunities for buyers in 2025.
Happy April Fool’s Day
Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!
What’s Shaping the Future of Real Estate?
Rising mortgage rates and economic shifts continue to influence housing affordability and accessibility. Homeowners' insurance costs have surged due to climate risks, prompting state-led policy solutions.
Single & Secure: Financial Planning Tips
Sharing expenses with friends or family, like splitting groceries or carpooling, helps reduce costs. Establishing an emergency fund ensures financial security; aim to save 3-6 months of expenses.
New Year, New Home: Buying & Selling Tips
Start Early: Sellers should begin the process early, evaluating their home and preparing for the market.Home Preparation: Sellers should invest in updates, cleaning, and professional staging to increase appeal.