Rent Vs Buy Definitely BUY

Dated: 06/20/2016

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In a recent article published by Realtor Magazine, Florida Atlantic University and Florida International Universities have just released findings from a recent study on the Rent vs. Buy debate, and potential best practice to build wealth.  According to the article, the FAU/FIU study found that the housing market across the country is strong and has had a good showing of a rise in home prices, on the average up about 5.4% in the first quarter of 2016. The study accredits the rise to the steadily increasing, strong job market across the country, and as well, rising rent prices. 

The rent vs. buy index study found that there has been 
slower growth in traditional, diversifying investment portfolios and securities where renters may put month to month rent reserve funds, supporting evidence that the market overall favors homeownership over traditional investing to build wealth. 

In the TriCities area rents are increasing across the board, and more and more potential buying clients are looking toward home ownership. With recent lack of inventory on the market, homes in a the median price 'sweet spot' are in great demand, and getting more difficult to find.

If you have a home you're interested in selling, contact us at the Shields Team of Keller Williams Realty for a free consultation and valuation of your home in today's marketplace. We would love an opportunity to speak with you at
(423) 433-6517, and welcome an in-person consultation at our office at Keller Williams Realty, 1033 Hamilton Place, Johnson City. 

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Rayne Price

Holding a BS in Environmental Science, and MA in Education, real estate was not Shields Team Buyer Specialist Rayne Price's first career choice. It was only after encouragement from his wife and a cl....

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