Study Again Finds Homeownership to be a Better Way of Producing Wealth

Homeownership Simplified- Call Keji @ 301-613-2043 

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index homeownership is a better way to produce greater wealth, on average, than renting.

The BH&J Index is a quarterly report that attempts to answer the question:

Is it better to rent or buy a home in today’s housing market?

The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers use a “'horse race' comparison between an individual that is buying a home and an individual that rents a similar quality home and reinvests all monies otherwise invested in homeownership.”

Ken Johnson Ph.D., Real Estate Economist & Professor at Florida Atlantic University, and one of the index’s authors states:

“The nation as a whole is in buy territory. Continued near record low mortgage rates, unsteady stock market performance, and rents (on average) now out pacing the cost of ownership (maintenance, taxes, insurance, etc.) all combine to favor owning and building wealth through home equity over renting and reinvesting in a portfolio of stocks and bonds.”

Dallas, Denver and Houston currently remain deep in rent territory but, “there is some degree of good news from these markets for homeowners as the cost of renting is now increasing at a faster rate than the cost of homeownership — reducing the advantage of renting over buying.” 

Bottom Line

Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now.

Need Cash For Down Payment ? We Have them?

Find out About Low to Zero Home Loans Available.

Credit Score Low? We have Programs For Low Credit scores?

Find Out How to Qualify with Low Credit Scores

To Find Out More About the Study: The BH&J Index and other FAU real estate activities are sponsored by Investments Limited of Boca Raton. The BH&J Index is published quarterly and is available online at http://business.fau.edu/buyvsrent.

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold  for our clients in all parts of the metro area. We delight our clients by delivering  world class service every step of the way and we strive to create a win-win situation this  is all part of our values and beliefs. Contact us @ 301-613-2043, visit our website www.metrohomesrealty.com

Courtesy : http://www.keepingcurrentmatters.com/

Thinking of Buying A Home? What Are You Waiting For?

Home ownership Simplified : Keji @301-613-2043

With spring right around the corner, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.4% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3.2% a year for the next 5 years.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained below 4%. Most experts predict that they will begin to rise over the next 12 months. The Mortgage Bankers Association, Freddie Mac & the National Association of Realtors are in unison projecting that rates will be up almost three-quarters of a percentage point by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

3. Either Way You Are Paying a Mortgage

As a paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

 

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Bottom Line

If you are ready and willing to buy, find out if you are able to. Let Us meet  so we can help you find your dream home.

Find out About Low to Zero Home Loans Available.

Find Out How to Qualify with Low Credit Scores

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold  for our clients in all parts of the metro area. We delight our clients by delivering  world class service every step of the way and we strive to create a win-win situation this  is all part of our values and beliefs. Contact us @ 301-613-2043, visit our website www.metrohomesrealty.com

Read this before you leap

One More Day... 

If you could spend one more day with a loved one already departed, how would you spend it? What would you do? Mitch Albom became fascinated by this question while writing the book, For One More Day.

Albom found time and again that people wanted to spend an ordinary day doing ordinary things with the people they had loved. Almost everyone wanted to tell this special person, “I love you” one more time. Many said they wanted to do the habitual things they always did with the person, such as head to the movies, or eat at a favorite restaurant, or just sit around and talk about old times.

Albom learned what we yearn for is not something exotic or faraway – it’s connection. And realizing this, a “normal” day is something we should all treasure.

This year on February 29th you will be granted One More Day. I can’t grant you time with someone who is already gone, but I can remind you to do something ordinarily wonderful with someone you love today!

Happy Leap Day!

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold  for our clients in all parts of the metro area. We delight our clients by delivering  world class service every step of the way and we strive to create a win-win situation this  is all part of our values and beliefs. Contact us @ 301-613-2043, visit our website www.metrohomesrealty.com

Don’t Wait to Move Up to Your Dream Home!

Home ownership Simplified: Call Keji @ 301-613-2043

Now that the housing market has stabilized, more and more homeowners are considering moving up to their dream home. With interest rates still near 4% and home values on the rise, now may be a great time to make a move.

Sellers should realize that waiting while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain budget for your monthly housing costs.

Here is a chart detailing this point:

With each quarter percent increase in interest rate, the value of the home you can afford decreases by 2.5%, (in this example, $10,000). Experts predict that mortgage rates will be closer to 5% by this time next year.

Act now to get the most house for your hard earned money. Find out What Your House is Worth Now

Get started by requesting our Seller Home guide to getting Sold Fast and For Top Dollar

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold  for our clients in all parts of the metro area. We delight our clients by delivering  world class service every step of the way and we strive to create a win-win situation this  is all part of our values and beliefs. Contact us @ 301-613-2043, visit our website www.metrohomesrealty.com

Wheaton Zip Code 20902 MD Homes for Sale and Sold for JANUARY 2016

Wheaton MD Homes for Sale and Sold for JANUARY 2016

Wheaton, MD Homes for Sale has seen   steady price improvement    month to month as well as year to year as inventory levels    remain consistent with season.

Home ownership simplified : Call Keji @ 301-613-2043

Homes Recently Sold in Wheaton  Silver Spring Zip 20902 for January 2015:

 Wheaton Silver Spring Homes Inventory For January 2016: The total number of homes sold for January 2016 is 17 a decrease of 32% from last year with an average time of 49 days in the market

Conn Ave Estates, Silver Spring, MD: The Median home price for January  2016 is  $335,000 an increase of  38.4 % from same time last year.

Carroll Knolls, Silver Spring, MD: The Median home price for January  2016 is  $309,500 a decrease  of  12.8 % from same time last year.

Glenmont Village, Silver Spring, MD: The Median home price for January  2016 is  $269,000 a decrease  of  10.2 % from same time last year.

Glen Haven, Silver Spring, MD: The Median home price for January  2016 is  $350,000 a decrease  of  20.4% from same time last year.

The following neighborhoods in Wheaton zip code 20902 did not any home sold in January 2016 just like last year 2015.

Wheaton Hills, Silver Spring, MD


Wheaton Forest, Silver Spring, MD


Wheatoncrest, Silver Spring, MD 

If you are thinking of putting your house on the market  for sale in Wheaton . I will like to share with you additional pointers to get to SOLD Fast. Get personalized Home Value Estimator Here.

Home Searches:

Wheaton Homes For  Sale

Silver Spring Homes For Sale 

Foreclosure Homes For Sale in Silver Spring

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold  for our clients in Silver Spring, Rockville  and other parts of the metro area. We delight our clients by delivering  world class service every step of the way and we strive to create a win-win situation this  is all part of our values and beliefs. Contact us @ 301-613-2043, email keji@metrohomesrealty.com or visit our website . www.metrohomesrealty.com

Bowie Zip code 20721 MD Homes for Sale and Sold for JANUARY 2016

Bowie Zip code 20721 MD Homes for Sale and Sold for 
JANUARY 2016.

Bowie Zip code 20721, MD Homes for Sale has seen   steady price improvement    month to month as well as year to year as inventory levels    remain consistent with season.

Homes Recently Sold in Bowie zip code 20721 for January 2016:

Contact Keji & Associates of Fairfax Realty @ 301-613-2043 for Information on Homes for Sale and Sold in Bowie

Bowie zip code 20721  Homes Inventory For January 2015: The total number of homes sold for January 2016 is 17 an increase of 13.3% from last year with an average time of 68 days in the market and increase in value of  13.3% 

The Median home price for January 2016 is  $395,000 an increase  of 52% from same time last year.

Homes Sales by Neighborhood in Bowie Zip Code 20720

The following neighborhoods in Bowie zip code 20721 did not  have any home sold in January 2016 just like last year 2015.

Balk Hil, Bowie, MD 

Collington Station, Bowie, MD

Enterprise, Bowie MD

Kettering, Bowie, MD 

Newbridge, Bowie, MD

Northlake, Bowie, MD

Southlake, Bowie, MD 

Tall Oaks Crossing, Bowie, MD

Woodmore, Bowie, MD

Woodmore South, Bowie, MD

Woodview Village, Bowie, MD

If you are thinking of putting your house on the market  for sale in Bowie . I will like to share with you additional pointers to get to SOLD Fast. Get personalized Home Value Estimator Here.

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold  for our clients in Bowie, Upper Marlboro, Fort Washington and other parts of the metro area. We delight our clients by delivering  world class service every step of the way and we strive to create a win-win situation this  is all part of our values and beliefs. Contact us @ 301-613-2043, email keji@metrohomesrealty.com or visit our website www.metrohomesrealty.com

Bowie Zip code 20720 MD Homes for Sale and Sold for JANUARY 2016

Bowie Zip code 20720 MD Homes for Sale and Sold for 

JANUARY 2016

Bowie Zip code 20720, MD Homes for Sale has seen   steady price improvement    month to month as well as year to year as inventory levels    remain consistent with season.

Homes Recently Sold in Bowie zip code 20720 for January 2016

Contact Keji & Associates of Fairfax Realty @ 301-613-2043 for Information on Homes for Sale and Sold in Bowie

Bowie zip code 20720  Homes Inventory For January 2016: The total number of homes sold for January 2016 is 21 an increase of 250% from last year with an average time of 68 days in the market and increase in value of  250% 

Homes Sales by Neighborhood in Bowie Zip Code 20720

Bowie  20720, MD The Median home price for January 2016 is  $305,000  an increase  of 52% from same time last year.

Fairwood  Bowie, MD: The Median home price for January 2016 is  $350,000 an increase  of  5.3% from same time last year.

The following neighborhoods in Bowie zip code 20720 did not any home sold in January 2016 just like last year 2015.

Glensford, Bowie, MD 

Highbridge, Bowie, MD

Lottsford, Bowie MD

Marleigh, Bowie, MD

Northridge, Bowie, MD

Old Stage Knolls, Bowie, MD 

Prospect Knolls, Bowie, MD

Springfield Manor, Bowie, MD

Vista Gardens, Bowie, MD

Westview, Bowie, MD

Westwood, Bowie, MD 

If you are thinking of putting your house on the market  for sale in Bowie . I will like to share with you additional pointers to get to SOLD Fast. Get personalized Home Value Estimator Here.

Keji & Associates of Fairfax Realty is a team of licensed agents working daily to get homes sold  for our clients in Bowie, Upper Marlboro, Fort Washington and other parts of the metro area. We delight our clients by delivering  world class service every step of the way and we strive to create a win-win situation this  is all part of our values and beliefs. Contact us @ 301-613-2043, email keji@metrohomesrealty.com or visit our website . www.metrohomesrealty.com