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When It’s Time To Make Your Move...
Get The “Seller’s Unfair Advantage”                                              Call 201-774-3216
Stephanie Knight Realtor

Buying A Home Is Now 38%

Cheaper Than Renting!

“This is a great article from Forbes magazine. This is

exactly what is happening in Bergen County!”

Is renting or buying a better financial bet? Every six months, Trulia’s

chief economist Jed Kolko runs the numbers to answer that question

and help you stay on top of the trends.  So what does Trulia’s Winter

2014 Rent vs. Buy Report tell us? Although the gap between renting

and buying is narrowing across the U.S., homeownership is still 38%

cheaper than renting.

Homeownership remains cheaper than renting nationally and in all

of the 100 largest metro areas according to Trulia ’s latest Winter

Rent vs. Buy report. Rising mortgage rates and home prices have

narrowed the gap over the past year, though rates have recently

dropped and price gains are slowing. Now, at a 30-year fixed rate of

4.5%, buying is 38% cheaper than renting nationally, versus being

44% cheaper one year ago.

The rent versus buy math is different in each local market. Buying

ranges from being just 5% cheaper than renting in Honolulu to being

66% cheaper than renting in Detroit. But even for a specific market,

the cost of buying versus renting depends on how much home prices

rise (or fall) after you buy. Our model assumes conservative home

price appreciation, but – as we all know after the last decade – home

prices can unexpectedly rocket or plummet.

Buying Beats Renting Until Mortgage Rates Hit 10.6%

Even though prices increased sharply in many markets over the past

year, low mortgage rates have kept homeownership from becoming

more expensive than renting. Also, in some markets, like San

Francisco and Seattle, rents have risen sharply; rising rents hurt

affordability relative to incomes, but rising rents make buying look

cheaper in comparison.

Will renting become cheaper than buying soon? Some markets might

tip in favor of renting this year as prices continue to rise faster than

rents and if – as most economists expect – mortgage rates rise, due

both to the strengthening economy and Fed tapering. For each metro,

we identified the mortgage rate “tipping point” at which renting

becomes cheaper than buying, given current prices and rents. If rates

rise, Honolulu would become the first metro to tip, at a mortgage

rate of 5.0%. San Jose and San Francisco would also tip before rates

reach 6%. But those are the extreme markets. Nationally, rates

would have to rise to 10.6% for renting to be cheaper than buying –

and rates haven’t been that high since 1989.

Why Me, Why Now?

You can't afford to buy or sell a new home without the factual market information.  In today's housing marketing, you need all the certainty you can get..You deserve that.  I strive to give you answers at every level…on your neighborhood, the competitive alternatives and seller and buyer motivations.  The most powerful tool of its kind is the best market intelligence provided by the largest and best marketing network..Weichert, Realtors and the power of the best negotiator on your side. Know First, Know Faster and Know when you need it most…  Have A Market Advantage with Stephanie Whether you are looking to buy or sell, you deserve someone you can trust and rely on for a smooth and well executed transaction every step of the way. 
I am excited to help you in your search of homes for sale in the neighborhoods of Bergen County including: Allendale, Franklin Lakes, Glen Rock, HoHokusMahwah, Midland Park, Oakland Ramsey, Ridgewood, Saddle River, Upper Saddle River, Waldwick, and Wyckoff 
Weichert, Realtors Wyckoff 391 Franklin Ave., Wyckoff NJ 07481 Main Office Phone 201-891-3490  Office Fax 201-891-6873

Real Estate Agent

If your home is currently listed with a real estate broker, this message is not intended to be a solicitation of the listing.  Each WEICHERT franchised office is independently owned and operated.  Weichert is a federally registered trademark owned by Weichert Co.  All other trademarks are the property of their respective owners.  REALTOR is a federally registered collective membership mark which identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS and subscribes to its strict Code Of Ethics. Any information or tools on the web site are provided for educational and illustrative purposes only. The accuracy of the calculations and their applicability to your circumstances are not guaranteed. For personal advice regarding your financial situation, please consult with a financial advisor.
The Knight Advantage 1. If You want to get the most buying power with an action plan to build your financial future... 2. If You want to negotiate from a position of strength... 3. If You want to obtain the true value of your purchasing power... 4. If You want to work with the best marketing knowledge for a strategic advantage... Then YOU need  The Knight’s Advantage... Call Stephanie now... 201-774-3216    
Before you make your next move…
Call Stephanie Now...201-774-3216

“This is what will drive prices higher, so it will become important to

act as soon as possible and take advantage of the appreciation!” Call

me and we can make a plan for you to own your home!  201-774-3216

You can see the complete article at

http://www.forbes.com/sites/trulia/2014/03/05/buying-a-home-is-now-

38-cheaper-than-renting/

When It’s Time To Make Your Move...
Get The “Seller’s Unfair Advantage”                                           
Stephanie Knight  Realtor

Buying A Home Is Now 38%

Cheaper Than Renting!

“This is a great article from Forbes magazine.

This is exactly what is happening in Bergen

County!”

Is renting or buying a better financial bet? Every six months,

Trulia’s chief economist Jed Kolko runs the numbers to

answer that question and help you stay on top of the trends. 

So what does Trulia’s Winter 2014 Rent vs. Buy Report tell

us? Although the gap between renting and buying is

narrowing across the U.S., homeownership is still 38%

cheaper than renting.

Homeownership remains cheaper than renting nationally

and in all of the 100 largest metro areas according to Trulia

’s latest Winter Rent vs. Buy report. Rising mortgage rates

and home prices have narrowed the gap over the past year,

though rates have recently dropped and price gains are

slowing. Now, at a 30-year fixed rate of 4.5%, buying is 38%

cheaper than renting nationally, versus being 44% cheaper

one year ago.

The rent versus buy math is different in each local market.

Buying ranges from being just 5% cheaper than renting in

Honolulu to being 66% cheaper than renting in Detroit. But

even for a specific market, the cost of buying versus renting

depends on how much home prices rise (or fall) after you

buy. Our model assumes conservative home price

appreciation, but – as we all know after the last decade –

home prices can unexpectedly rocket or plummet.

Buying Beats Renting Until Mortgage Rates Hit 10.6%

Even though prices increased sharply in many markets over

the past year, low mortgage rates have kept homeownership

from becoming more expensive than renting. Also, in some

markets, like San Francisco and Seattle, rents have risen

sharply; rising rents hurt affordability relative to incomes,

but rising rents make buying look cheaper in comparison.

Will renting become cheaper than buying soon? Some

markets might tip in favor of renting this year as prices

continue to rise faster than rents and if – as most economists

expect – mortgage rates rise, due both to the strengthening

economy and Fed tapering. For each metro, we identified the

mortgage rate “tipping point” at which renting becomes

cheaper than buying, given current prices and rents. If rates

rise, Honolulu would become the first metro to tip, at a

mortgage rate of 5.0%. San Jose and San Francisco would

also tip before rates reach 6%. But those are the extreme

markets. Nationally, rates would have to rise to 10.6% for

renting to be cheaper than buying – and rates haven’t been

that high since 1989.

Why Me, Why Now?

You can't afford to buy or sell a new home without the factual market information.  In today's housing marketing, you need all the certainty you can get..You deserve that.  I strive to give you answers at every level…on your neighborhood, the competitive alternatives and seller and buyer motivations.  The most powerful tool of its kind is the best market intelligence provided by the largest and best marketing network..Weichert, Realtors and the power of the best negotiator on your side. Know First, Know Faster and Know when you need it most…  Have A Market Advantage with Stephanie Whether you are looking to buy or sell, you deserve someone you can trust and rely on for a smooth and well executed transaction every step of the way. 
I am excited to help you in your search of homes for sale in the neighborhoods of Bergen County including: Allendale, Franklin Lakes, Glen Rock, HoHokus,  Mahwah, Midland Park, Oakland,  Ramsey, Ridgewood, Saddle River, Upper Saddle River, Waldwick, and Wyckoff
Weichert, Realtors Wyckoff 391 Franklin Ave., Wyckoff NJ 07481 Main Office Phone 201-891-3490  Office Fax 201-891-6873

Real Estate Agent

If your home is currently listed with a real estate broker, this message is not intended to be a solicitation of the listing.  Each WEICHERT franchised office is independently owned and operated.  Weichert is a federally registered trademark owned by Weichert Co.  All other trademarks are the property of their respective owners.  REALTOR is a federally registered collective membership mark which identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS and subscribes to its strict Code Of Ethics. Any information or tools on the web site are provided for educational and illustrative purposes only. The accuracy of the calculations and their applicability to your circumstances are not guaranteed. For personal advice regarding your financial situation, please consult with a financial advisor.
The Knight Advantage 1. If You want to get the most buying power with an action plan to build your financial future... 2. If You want to negotiate from a position of strength... 3. If You want to obtain the true value of your purchasing power... 4. If You want to work with the best marketing knowledge for a strategic advantage... Then YOU need  The Knight’s Advantage... Call Stephanie now... 201-774-3216    
Before you make your next move…
Call Stephanie Now...

“This is what will drive prices higher, so it will become

important to act as soon as possible and take advantage of the

appreciation!” Call me and we can make a plan for you to own

your home! 

You can see the complete article at

http://www.forbes.com/sites/trulia/2014/03/05/buying-a-home-

is-now-38-cheaper-than-renting/

201-774-3216 201-774-3216 201-774-3216
Weichert, Realtors™
Wyckoff Real Estate Agent
Wyckoff Real Estate Agent Stephanie Knight offers excellent client service and communication for Home buyers and home sellers.
391 Franklin Ave.
Wyckoff, New Jersey
07481
USA
sknight@weichert.com
201-774-3216