With student debt making headlines on a regular basis, and the rates of homeownership being lower, is there a connection? Maybe. In the first issue of Consumer & Community Context, a publication from the Federal Reserve, an article by Alvaro Mezza, Daniel Ringo, and Kamila Sommer, Federal Reserve Board Division of Research & Statistics entitled, “Can …
Category: first time home buyers
Should you buy a house now or wait?
A little history Real estate prices have soared over the last few years. Just in San Diego alone, there has been an average of $40,000 (8%) increase in home sale prices. Meaning if you were interested in buying a home, you would have been better off doing it last year. According to Zillow, housing inventory …
Why Buying Is Investing
If you are thinking about becoming a homeowner, it is important to see your house as an investment. A home is an asset with the potential to increase your financial stability over time. Unlike renting, where you pay your landlord’s mortgage without seeing any return yourself, homeownership works to broaden your financial worth. After purchasing …
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The Average First Time Home Buyer [INFOGRAPHIC]
Today we feature an infographic created by the Benchmark Media Team about first time home buyers.