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Buying A Home Is More Affordable Than Renting In 54% Of US Counties

Buying A Home Is More Affordable Than Renting In 54% Of US Counties | Keeping Current Matters

According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.”

For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported income amounts from the Department of Labor and Statistics to determine the percentage of income that a family would have to spend on their monthly housing cost (rent or mortgage payments).

Daren Blomquist, Senior Vice President of ATTOM Data Solutions had this to say:

“Although buying is still more affordable than renting in the majority of U.S. housing markets, the majority is shrinking as home price appreciation continues to outpace rental growth in most areas.”

However, the report also shows that the average fair market rent rose faster than average weekly wages in 60% of the countiesanalyzed in the report (266 of 447 counties). With rents rising, many renters should consider buying a home soon.

Bottom Line

Rents will continue to rise, and mortgage interest rates are still at historic lows. Before you sign or renew your next lease, meet with a local professional who can help you determine if you are able to buy a home of your own and lock in your monthly housing expense.

 

Pet-Safe House Plants

TEN WAYS TOdecoratewith plants

Having plants in your home provides various benefits, including purifying the air and increasing oxygen levels. What everyone should know, however, is that many plants are toxic to pets. For a full list of what plants and flowers to not have around pets, please make sure to check out ASPCA’s list of toxic and non-toxic plants.

These are some plants that are safe for dogs and cats that I chose to have around and why…

  • Areca Palm – This plant is safe for dogs and cats and releases moisture into the air, while also helping to purify the air.
  • Money plants – They are safe for cats and dogs. Additionally, they help reduce various toxins from the air, purifying the air and increasing overall air quality.
  • Donkey’s Tail (or Burro’s Tail) Succulent – Not all succulents are safe for pets, however this one is. Succulents are great because they grow pretty fast and are easy to take of.

Boston Ferns are safe for dogs and cats. However, there are various types of ferns, not all are safe. I have not seen a Boston Fern at the garden center’s I have been to, they were all other types, so make sure to check.

The following are just some of the many plants and flowers that are unsafe/toxic/harmful for pets. For a full list, please click here:  Aloe vera, autumn crocus, bird-of-paradise, carnations, daffodils, gladiolas, hosts, ivy, lillies,  orchid, poinsettia, saga palm, tulips and more.

Please always make sure to do your own research before making any decisions regarding any pet-safe or toxic plants, food, etc.

 

Real Estate News

A lot is going on this holiday season. Here are some of the real estate topics (click on the aqua font for the link).

  • This GIF explains how the Fed raises interest rates

 

Homes and Land – Orland Park, Palos Heights, Palos Park and New Lenox Properties For Sale

 

Homes and Land logo.jpg

Here is more information regarding the homes in the most current issue of Homes and Land magazine:

(click image to enlarge)

Homes and Land Ad July 2013

 

To view any of these homes, contact The Glockler Group. If you are working with an Agent, they can contact our listing office, per the MLS.

1- GREAT CUL DE SAC LOT: This spacious fane model is located on Brookwood Ct. in Brook Hills in Orland Park – just minutes to the commuter train, I-80, Homer Glen and Mokena. It is currently $369,900.

2- NICE PALOS HEIGHTS: This split level home is located in Edgewood in Palos Heights, IL. It is nicely maintained and has a great wooded backyard. Enjoy being just minutes to 83 & 294. $274,900.

3- UPGRADED SPLIT-LEVEL: This home is on Tanglewood in Palos Park –  you can choose Sandburg or Stagg High Schools. This home was under contract, but the buyer couldn’t get financing, so it is back on the market. $299,900.

4- GOLF CLUB: This meticulous duplex has 2 bedrooms, plus a loft, granite, a 948 sq.ft. deck, gazebo, neutral decor and has one of the largest, most private townhome lots in gated Crystal Tree. $429,900.

5- GORGEOUS ELEVATOR CONDO: This upgraded condo is in a convenient location – walk to the theatre, restaurants, Lifetime fitness and more. Enjoy the convenience of an elevator building, with underground parking, and great views. $237,900.

6- NEW HOMES: These new homes in S. New Lenox have something to offer for many: purchase an existing home or build to suit. Please contact us for more info. They are shown by appt. only – there is no sales office on-site. Prospective buyers must be registered with us/our office. These builders offer a lot of quality features – and great prices!

7- NICE GOLFVIEW ESTATES: This custom home is located in Golfview subdivision in east Orland, approx. equidistant to 294, 57 and I-80 and just minutes to all Orland and Tinley have to offer. Tinley grade schools. Now $359,900.

8- BEAUTIFUL ARBOR POINTE: This magnificent, spacious home has 5 bedrooms, including on one the main floor, 5 baths, including a full one on the main floor and in the finished lookout basement. 3 car garage. Professional landscaping and a spacious pie-shaped lot create privacy. West Orland location – just mins. to 55, 355 and all Orland has to offer. $769,500.

 

 

 

 

 

Wonderful, Conveniently Located Home!

12642 Lake View Drive, Orland Park

 

Freshly painted, with a new roof, hardwood floors and a private yard, this beautiful brick Georgian has so much to offer! Other great features include a main floor office, vaulted family room with wet bar, full basement and a three car garage. Located just minutes to 83 and 355  – Orland Park mailing address, Homer schools & priced to sell! $439,900.

 

Five Reasons to Sell Now

( source: The KCM Blog )

On the fence? Here are five reasons to sell now.

Only Serious Buyers Are Out

There Is Far Less Competition

The Process Will Be Quicker

There Will Never Be a Better Time to Move-Up

It’s Time to Move On with Your Life

Read the entire blog post, by clicking here.

Four Big Design Turn-offs of Home Buyers…

via  REALTOR® Magazine

A recent article at AOL Real Estate spotlights a few pet peeves of home buyers when touring homes today. Among the items making their list:

1. Popcorn ceilings

2. Carpeting everywhere

3. Brass fixtures

4. Vanity lighting strips

 

Read the full article here.