Rent vs Buy Archives -

Where Are Rents Headed in 2015?

December 23, 2014 by Eric Lowry Leave a Comment

Renting vs Owning

Where are rents headed in 2016?

The chief economist for Zillow has predicted that residential rental prices will continue to rise in 2016. Rents will continue to grow about 3.5% through the new year.

We currently have a more stable housing market. That, together with lower interest fixed rate mortgages, may cause many renters to look into purchasing a new home.

Renters should consider building a new home. Home builders are meeting the needs of home buyers in every price point. Whether you are looking to buy a luxury home or your very first home, there are great neighborhoods that have new construction starter homes for sale.

Can you really afford to keep renting? Contact The Lowry Team for a FREE Buyer Consultation. 513-874-1830

The Lowry Team – Keller Williams Realty is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team is “Different By Design”… taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other articles you may be interested in:

New Home Features for 2015

Do I Need A Larger Down Payment To Buy A Home

Bridle Creek Subdivision in Monroe Ohio

Monroe Crossing Subdivision and Homes For Sale

Search The Cincy MLS For New Homes For Sale

Find The Current Market Value of Your Home

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

The Lowry Team Keller Williams :: The Advantages Of Buying A Home

October 29, 2014 by Eric Lowry Leave a Comment

“The Advantages Of Buying A Home”

The Joint Center for Housing Studies of Harvard University reported “5 Financial Reasons To Buy A Home.”

1. Housing is the one leveraged investment available. According to the Harvard report, “Home ownership allows households to amplify any appreciation on the value of their homes by a leverage factor.”

2. You are paying for housing whether you own or rent. The report states, “Home owners pay debt service to pay down their own principal while the households that rent pay down the principal of a landlord.”

3. Owning is usually a form of “forced savings.” Harvard research has found, “Having to make a house payment one way or the other, owning a home can overcome people’s tendency to defer savings.”

4. There are substantial tax benefits to owning. This is because “home owners are able to deduct mortgage interest and property taxes from their income.”

5. Owning is a hedge against inflation. Research done by the Joint Center for Housing Studies at Harvard University indicates that, “Housing costs and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition.”

There are many advantages of buying a home, financial or otherwise. If you are considering buying your first home you can start your home search here:

Click Here to search the entire Cincinnati MLS for Cincinnati Real Estate for sale.

Buying a home as a first time homebuyer is a complex process, one that a real estate agent specializes in navigating. A real estate agent will advocate for you and your interests throughout the whole process, which makes it important for you to find the agent that will best fit your needs.

The Lowry Team takes a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator and a Marketing Director. This ensures that you get more focused attention and your home buying or selling process goes as smoothly as possible.

Contact The Lowry Team of Keller Williams Realty Associate Partners today to get in touch with a real estate specialist.

The Lowry Team is an award winning, full service real estate firm. The Lowry Team’s culture is that of a fun, high energy group who prides themselves on providing, personal, professional real estate service.

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team, Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

Buying A Home In Today’s Market

What You Should Know Before Buying A Home

West Chester Ohio Is One of The Best Places to Live

West Chester and Liberty Township Ohio Real Estate Market Report

The 6 Most Essential Home Buyer Tips

First Time Home Buyer Homes For Sale In West Chester

Search the MLS for Homes For Sale

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

The Lowry Team Keller Williams :: The Cost Of Renting

October 28, 2014 by Eric Lowry Leave a Comment

The Lowry Team Keller Williams :: The Cost Of Renting

Is the thought of paying a mortgage keeping you from owning a home? If so, keep in mind that if you are renting you are paying a mortgage. It just happens to be your landlord’s, not yours. This means you are building up your landlord’s equity each and every time you pay rent.

A fixed rate mortgage offers you the piece of mind that your mortgage payment will not keep going up. However, as you can see on the graph from the Census Bureau, the median asking rent is steadily rising.

Can You Really Afford to Keep Renting?

The Lowry Team has first time home buyer specialists that can help you through the entire home buying process. From pre-approval to closing, the experts on The Lowry Team can answer all of your questions and concerns and guide you to the benefits of home ownership.

The Lowry Team is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team’s culture is that of a fun, high energy group who prides themselves on providing, personal, professional real estate service.

The Lowry Team is “Different by Design”…taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team, Keller Williams at 513-874-1830.

Ready to start searching for your first home? Start your home search here: www.LowryTeam.com

Here are some quick searches to get you started:

West Chester Ohio Homes For Sale Under $200,000

Liberty Township Ohio Homes For Sale Under $200,000

Mason Ohio Homes For Sale Under $200,000

Monroe Ohio Homes For Sale Under $200,000

Fairfield Township Ohio Homes For Sale Under $200,000

Fairfield Ohio Homes For Sale Under $200,000

The Lowry Team Asks, “Can You Really Afford To Keep Renting?”

October 8, 2014 by Eric Lowry Leave a Comment

Can You Really Afford to Keep Renting?

With the rising cost of renting, many people are considering buying a home. However, some are worried about affordability. If you are paying rent, you can afford to buy a home.

Consider this example:

Buying A Home:

Mary’s $900 mortgage payment includes $700 of interest. Her total annual house payments are $10,800. At the end of the year, $8,400 of that is tax deductible ($700 x 12months). She is in the 28% tax bracket, so her savings are $2,352. Her actual housing cost for the year is $8,448.

Renting An Apartment:

Joe believes he can’t afford to buy. He pays $800 in rent each month which makes Joe’s housing costs for the year $9,600. He thinks he is saving money by renting, but he is actually spending $1,150 more than Mary, and he is not building any equity.

Interest rates remain very low and have largely been very stable. The current rate for a 30 year fixed rate loan is approximately 4.25% for a conventional loan and approximately 4.125% for an FHA loan. However, interest rates are expected to increase. The National Association of Realtors is projecting interest rates to rise to 5.4% by June 2015.

So the question you should ask yourself is:

Can You Really Afford to Keep Renting?

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team, Keller Williams at 513-874-1830.

Ready to start searching for your first home? Start your home search here: www.LowryTeam.com

Here are some quick searches to get you started:

West Chester Ohio Homes For Sale Under $200,000

Liberty Township Ohio Homes For Sale Under $200,000

Mason Ohio Homes For Sale Under $200,000

Monroe Ohio Homes For Sale Under $200,000

Fairfield Township Ohio Homes For Sale Under $200,000

Fairfield Ohio Homes For Sale Under $200,000

The Lowry Team Keller Williams Real Estate Recommends Investing in Real Estate

April 28, 2014 by Eric Lowry Leave a Comment

The Lowry Team Keller Williams Real Estate Recommends Investing in Real Estate

Looking for a return on your investment? Studies show that the stock market is not doing as well as real estate. Gallup’s Economy and Personal Finances Poll surveyed Americans on what they thought was the best option for a long term investment. Those surveyed were asked to choose from real estate, gold, stocks and mutual funds, savings accounts and CD’s, and bonds. 30% chose real estate, followed with a tie at 24% for gold and stocks/mutual funds. 14% of American chose savings accounts and only 6% chose bonds. Why do Americans feel that real estate is the best choice for a long term investment? The housing market is improving and house prices are rising.

Break the numbers down by age and every single age group from 18 years to over 65 chose real estate as the wisest investment. If you look at each group according to income level, upper income levels were more likely to choose real estate. A reason for this could be that members of the higher income group already own their own home and realize their home’s worth.

Whether you are considering buying your very first home or your dream home, it is worth the investment. Vacation home sales are up 29.7% so you may want to consider buying a home to rent or a place for your family to vacation. Regardless of what type of home you are looking to buy, The Lowry Team Keller Williams are the professionals to help you find the right home to invest in.