home value

Foreclosed Home and Mobile Home Values Are Rising Faster Than Market Average

Foreclosed Home and Mobile Home Values Are Rising Faster Than Market Average

Homes which were foreclosed on during the downturn are rising in value at a breakneck speed, much faster than the normal U.S. home.

The median crisis-era foreclosed home increased 10.3percent in value over the last year, versus only 6.5percent for the median dwelling general in the U.S., according to a new analysis from real-estate site Zillow.

Daily Property Manager Update: Buy vs. Rent, Home Values, and Interviewing Tenants

Daily Property Manager Update: Buy vs. Rent, Home Values, and Interviewing Tenants

There are some hard and fast metrics you can use to ACTUALLY know if it is cheaper to buy than to rent in your MSA. Would you guess that it is cheaper to own in 17 out of the 33 largest major metro areas?

Buying is more affordable than renting when homebuyers are able to:

  1. Put 3.5 percent down on the property, often with help of down payment assistance programs.

  2. Meet eligibility requirements for those down payment assistance programs

  3. Qualify for a loan for a median-priced (or less expensive) home

  4. Cover mortgage insurance costs, which vary by loan

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