[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f19lvkwfi93dn7":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},980,"rents-are-on-the-rise-dont-get-caught-in-the-rental-trap","Rents Are on the Rise: Don't Get Caught in the Rental Trap!","There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F12\u002F01120925\u002F20171219-Share-STM.jpg","There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>Don’t Become Trapped \u003C\u002Fstrong>\u003C\u002Fh4>\r\nA recent \u003Ca href=\"https:\u002F\u002Fwww.apartmentlist.com\u002Frentonomics\u002Fnational-rent-data\u002F\">article\u003C\u002Fa> by\u003Cem> Apartment List\u003C\u002Fem> addressed rising rents by stating:\r\n\u003Cblockquote>\u003Cstrong>\u003Cem>“Rents are up 2.7% year-over-year at the national level.\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem> Year-over-year growth continues to fall between the 2.1% rate from this time last year and the 3.4% growth rate from October 2015.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe article continues explaining that:\r\n\u003Cblockquote>\u003Cem>“Despite the seasonal slowdown, \u003Cstrong>rents are still up\u003C\u002Fstrong> year-over-year \u003Cstrong>in 89 of the 100 Largest cities\u003C\u002Fstrong>. \u003C\u002Fem>\u003C\u002Fblockquote>\r\nAdditionally, \u003Cem>the Urban Institute\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.urban.org\u002Furban-wire\u002Flow-income-homeowners-are-burdened-housing-costs-renters\">revealed\u003C\u002Fa> that,\r\n\u003Cblockquote>\u003Cem>“\u003Cstrong>Over a\u003C\u002Fstrong> \u003Cstrong>quarter of renters, or\u003C\u002Fstrong> \u003Cstrong>11.1 million households, are severely cost burdened\u003C\u002Fstrong>, spending at least half their income on rental housing. \u003C\u002Fem>\u003C\u002Fblockquote>\r\nThese households struggle to save for a rainy day and pay other bills, including groceries and healthcare.\r\n\u003Ch4>\u003Cstrong>It’s Cheaper to Buy Than Rent \u003C\u002Fstrong>\u003C\u002Fh4>\r\nAs we have previously \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F10\u002F17\u002Fbuying-remains-cheaper-than-renting-in-39-states\u002F\">mentioned\u003C\u002Fa>, the results of the latest \u003Cem>Rent vs. Buy Report\u003C\u002Fem> from \u003Cem>Trulia \u003C\u002Fem>shows that \u003Cstrong>homeownership remains cheaper than renting \u003C\u002Fstrong>with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.\r\n\r\nThe updated numbers show that the range is an average of 6.5% less expensive in San Jose (CA), all the way up to 57% less expensive in Detroit (MI) and \u003Cstrong>37.4% nationwide\u003C\u002Fstrong>!\r\n\u003Ch4>\u003Cstrong>Know Your Options\u003C\u002Fstrong>\u003C\u002Fh4>\r\nPerhaps you have already saved enough to buy your first home. A nationwide \u003Ca href=\"https:\u002F\u002Fwww.apartmentlist.com\u002Frentonomics\u002Famerican-dream-homeownership-delayed-millennial-generation\u002F\">survey\u003C\u002Fa> of about 24,000 renters found that \u003Cstrong>80% of millennial renters plan to eventually buy a house\u003C\u002Fstrong>, but 72% cite affordability as their primary obstacle. Aside from affordability, \u003Cstrong>one in three millennial renters have concerns about their credit scores,\u003C\u002Fstrong> and another \u003Cstrong>53% said that a down payment is an obstacle\u003C\u002Fstrong>.\r\n\r\nMany first-time homebuyers who believe that they need a large down payment may be \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F06\u002F07\u002F69-of-buyers-are-wrong-about-down-payment-needs\u002F\">holding themselves back\u003C\u002Fa> from their dream homes. As we have reported \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F04\u002F24\u002Fhow-fast-can-you-save-for-a-down-payment\u002F\">before\u003C\u002Fa>, in many areas of the country, a first-time home buyer can save for a 3% down payment in less than two years. You may have already saved enough!\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nDon’t get caught in the trap that so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Let’s get together to determine if you can qualify for a mortgage now!","\r\nDon’t get caught in the trap that so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Let’s get together to determine if you can qualify for a mortgage now!",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},53,"Rent vs. Buy","rent-vs-buy","2017-12-19T10:00:08Z","2017-12-21T10:53:27Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},979,"4-reasons-to-buy-a-home-this-winter","4 Reasons to Buy a Home This Winter!","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F12\u002F01113341\u002F20171218-Share-STM.jpg","2017-12-18T10:00:49Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},981,"top-5-benefits-of-hiring-a-real-estate-agent","Top 5 Benefits of Hiring a Real Estate Agent","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2017\u002F12\u002F19141836\u002F2017120-Share-STM.jpg","2017-12-20T10:00:03Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[47,51,52,56,60,64,68,69,73,77,81,85,89,93,97,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":78,"name":79,"slug":80},38,"Move-Up","move-up",{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":25,"name":26,"slug":27},{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]