2013's Home Buying VS Renting Debate Infographic

?? RENT Vs. BUY % of renters planning to buy a home in next two years 31% Jan 2011 22% of today's renters want to buy a home in next two years. May 2012 . 28% Nov 2012 31% More than 1 in 4 27%) Americans are more positive about home ownership than they were six months ago, versus 19% who feel more negative about ownership. 78% of US home owners say their home is the best investment they ever made. Asking Prices on For-Sale Homes Construction Starts Existing-Home Sales Delinquency + Forclosures +3.8%Y-oY +42% Y-oY +11% Y-o-Y -10% Y-o-Y Nov'2012 Oct'2012 (Source: Census) Oct'2012 (Source: NAR) Oct2012 (Source: Trulia) (Source: LPS) 12 Mortgage Rates are historically low 10 4 1986 1994 2004 2013 YEAR Buying Vs Renting • Mortgage Rates Requirements · Calculator HERE Pros BUY Pros Feeling of safety & stability RENT No Maintenance Costs Your own interior design Cheaper in Short run Capital from home equity Interest Tax Deduction Increased Mobility Elkarealestate.com/mortgage Cheaper in long run Landlord independence Cons Top. Cons Possible Eviction Limited Mobility No tax advantages reasons to own Foreclosure Risks Zero home equity Tax on Property Rent Fluctuations Maintenance Costs Landlords Décor Rules 97% 93% 90% 72% 61% say based on market dynamics and challenges, it is more important than ever to work with a good Realtor. say having a good realtor can assist in making the right choices about the type of home they want. safety investment Homes found via Internet by buyers 2012 40% 2007 30% 2001 8% PDF DOWNLOAD "First Time elika Home Buyers Guide" FREE! **Elikarealestate.com SEARCH Apartments & Homes for Sale & Rent! SOURCES: National Association of Realtors, Trulia.com, American Dream Survey, Census, NAR, LPS First Look RATE control