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Putting The Interest Rate Myth To Rest According to Harvard University’s “2003 State of the Nation’s Housing” report, if the recent run-up in housing prices makes homeownership too expensive, the number of new renters expected in the next decade could easily grow from 1 million to 5 or 6 million.
NMHC Research Notes Since early 2004, the advantage to renting has grown rapidly, averaging $480 per month. The most recent figure – a staggering $636 – is the highest ever. In Minneapolis, this advantage has grown from $440 in 2000 to $702 in 2005.
Renting by Choice HGTV article reports that 41 percent of rental households rent as a matter of choice, according to a recent survey by Fannie Mae, which promotes homeownership.
Bubble watch: 10 cities that will top out Minneapolis made the list for a couple of reasons. In a year when the majority of metro markets showed double-digit increases in appreciation, it barely surpassed the rate of inflation, according to the NAR. And for the next two years, the prediction is that appreciation won't even see the left side of a decimal point.
Multifamily Rental Housing in the 21st Century This paper examines the most pressing issues related to multifamily rental housing: the benefits apartments bring to communities and their residents, the changing nature and composition of multifamily rental housing, the role multifamily rental housing plays in providing affordable housing, and the financing of multifamily rental housing and the relationship between multifamily housing and smart growth.
Renting's appeal rises From the Star Tribune: With steep house prices and rising interest rates, many prospective buyers are deciding that renting looks pretty good after all.
For some, renting makes more sense USA Today: It's hard to imagine the American dream as a two-bedroom apartment with a pool, instead of a single-family home with a white picket fence. But in some of the nation's priciest real estate markets, that's what's happening. The financial reasons for renting instead of buying are the strongest they've been in 25 years.
The hidden costs of homeownership Finance expert Eric Tyson, co-author of "Home Buying for Dummies," explores the ancillary costs that often startle first-time homeowners.
For some, renting is a better strategy than owning Someday, 26-year-old Lisa Carlson would like to own her own home. But right now, she's happy sharing a rented apartment with a friend in Golden Valley.
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