Joe Miranda Loan Depot NMLS 954732

Renters Spend More Of Their Income On Housing Whether to rent or buy is a common debate for Americans looking for a new place to live. The arguments are well known. Renters say it’s cheaper, if only because there are no upfront expenses like a down payment or closing costs. Homeowners, on the other hand, will point to the long-term financial benefits of owning a home, including equity and wealth creation. Ultimately, what you choose will be determined by factors specific to y...our life, goals, and finances. But, according to a new survey from Freddie Mac, on one key issue, homeownership is clearly winning the debate. The survey results found that 34 percent of renters spend more than one-third of their income on rent, while only 25 percent of homeowners spend that much on their mortgage. In other words, though renters often view renting as the more affordable option, they are also spending a larger percentage of their monthly income on housing. Additionally, the survey found that 62 percent of renters said they’ve had to make spending or housing changes to be able to afford their monthly payment, compared to just under half of homeowners Thanks, Joe Miranda #motivation #success #goodcredit #studentloans #fixyourcredit #home #finance #debtfree #realestateagent #realestate #goals #creditreport #entrepreneur #badcredit #business #financialfreedom #credit #loans #wealth #mortgage #creditrepair #investment #money #realtor #businessowner #creditcard #fixmycredit #creditscore #creditrestoration See more

Obviously, there’s a link between the economy and housing market. When the economy isn’t doing well, it tends to affect people’s money and confidence. And, if people aren’t feeling financially secure, that can lead them to put off making a major purchase like buying a home. After all, no one wants to buy a home right before the economy tanks and prices crash. But, according to the most recent outlook from Fannie Mae’s Economic and Strategic Research Group, there are also time...s when that link isn’t as direct. For example, the group who’s monthly forecast covers both the economy and housing market says softening global economic conditions will lead to slower economic growth this year and in 2020. But though they believe the economy will slow, they are more positive when it comes to the housing market. We expect housing to add to growth for the foreseeable future, and our projection of a 1.0 percent year-over-year increase in home sales in 2019 remains unchanged, Doug Duncan, Fannie Mae’s chief economist said. Moderating home price appreciation and attractive mortgage rates continue to support affordability, particularly as home builders are now paying more attention to the entry-level portion of the housing market. For more info: Joe Miranda Loan Depot NMLS 954732 #lender #newhome #mortgagelender #property #realestateagent #mortgagebroker #loans #homeloans #business #refinance #creditrepair #broker #realtor #realtors #mortgageloans #finance #firsttimehomebuyer #dreamhome #home #realestatelife #investment #entrepreneur #loan #homebuyers #mortgagelife #realestate #loanofficer #mortgages #realtorlife #orangecoutymortgage

Older Homeowners Spend Big On Home Improvement: Naturally, when there are more home buyers than homes for sale Orange County CA, prices and competition increase. That's why, the fact that there are a lower than normal number of homes for sale ranks high among the main issues affecting today's home buyer. But what are the factors causing for-sale inventory to lag in markets across the country? Well, one of them is that an increasing number of homeowners have decided that, rath...er than moving, they'd prefer to renovate or remodel the home they have. In fact, according to Harvard's Joint Center For Housing Studies, home improvement spending is up. Since 2015, it's risen 10 percent. And when compared to 2010, it's up 50 percent. According to the report, older homeowners are driving the trend. Homeowners age 55 and over have dominated the home remodeling market for nearly a decade, overtaking middle-aged owners as the primary source of home improvement spending, the report says. Older homeowners are living longer and are increasingly willing and able to spend for home improvements that allow them to remain safely in their current homes. Contact me for more info on home loans! #ocloans #occredit #financialfreedom #creditreport #orangecountymoney #orangecountyrealestate #mortgage #success #fixyourcredit #orangecountyhome #badcredit #orangecountystudentloans #motivation #realestateagent #creditrepair #creditrestoration #finance #entrepreneur #ocgoodcredit #creditscore #occreditcard #debtfree #goals #ovinvestment #wealth #fixmycredit #ocbusinessowner #ocrealtor #ocbusiness

I would like to acknowledge our Veterans for every day of their sacrifice for this Country. I truly appreciate every thing you've done for us. God Bless! #motivation #success #business #inspiration #money #mindset #inspire #hustle #leader #ambition #marketing #successful #motivated #grind #startup #dreambig #nevergiveup #love #goals #successquotes #instagood #power #entrepreneurs #wealth #learn #startuplife #work

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