Some Households Cost-Burdened

The total house payment can easily be lower than the rent buyers are paying.

Nearly a third of American households were labeled cost-burdened last year because they are spending more than 30 percent of their total household income for housing.  The report done by the Joint Center for Housing Studies of Harvard University looked at both homeowners and renters.

Today's low mortgage rates help the cost of housing in many markets to be lower for owners than renters.  The total house payment can easily be lower than the rent buyers are paying.  Other factors like principal reduction and appreciation provide equity enjoyed by owners that renters cannot realize.

Analysis can compare the costs of renting over owning. If you need help or have questions, give me a call at 407-467-5155.

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Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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By: PatZaby.com