[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3ttlz4s3yz6m9":3,"$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},1212,"75-of-renters-have-been-misinformed","75% of Renters Have Been Misinformed","Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – \u003Cem>owning a home\u003C\u002Fem>.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F05160044\u002F20181108-Share-STM.jpg","Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – \u003Cem>owning a home\u003C\u002Fem>.\u003C!--more-->\r\n\r\nIn 2008, the housing market crashed and home values fell by as much as 60% in certain markets. This was the major trigger to the Great Recession we experienced from 2008 to 2010. To come back from that recession, mortgage interest rates were pushed down to levels that were never seen before.\r\n\r\nFor the last ten years, you could purchase a home at a dramatically discounted price and attain a mortgage at a historically low mortgage rate.\r\n\r\n\u003Cstrong>Affordability skyrocketed.\u003C\u002Fstrong>\r\n\r\nNow that home values have returned to where they should be, and mortgage rates are beginning to increase, it is less affordable to own a home than it was over the last ten years.\r\n\r\nHowever, what is \u003Cem>not being reported\u003C\u002Fem> is that it is \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2018\u002F10\u002F11\u002Fdispelling-the-myth-about-home-affordability\u002F\">MORE AFFORDABLE to own a home today than at any other time since 1985\u003C\u002Fa> (when data was first collected on this point).\r\n\r\nIf you take out the years after the crash, affordability today is greater than it has been at almost any time in American history.\r\n\r\n\u003Cstrong>This has not been adequately reported which has led to many Americans believing that they cannot currently afford a home. \u003C\u002Fstrong>\r\n\r\nAs an example, the latest edition of \u003Cem>\u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fresearch\u002Fpdf\u002FConsumer_Omnibus_Results_Fall_2018_Final.pdf\">Freddie Mac’s Research: Profile of Today’s Renter\u003C\u002Fa>\u003C\u002Fem> reveals that 75% of renters now believe it is more affordable to rent than to own their own homes. This percentage is the highest ever recorded. The challenge is that \u003Cem>this belief is incorrect.\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2018\u002F08\u002F01\u002Fbuying-is-now-26-3-cheaper-than-renting-in-the-us\u002F\">Study\u003C\u002Fa> after \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2018\u002F10\u002F30\u002Fare-you-spending-too-much-on-rent\u002F\">study\u003C\u002Fa> has proven that in today’s market, it is less expensive to own a home than it is to rent a home in the United States.\r\n\r\nThankfully, some are starting to see this situation and accurately report on it. The \u003Cem>National Association of Realtors\u003C\u002Fem>, in their \u003Cem>\u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002F2019-forecast-existing-home-sales-to-stabilize-and-price-growth-to-continue?sfid=sf201445665&sfchnl=twitter&sfinitv=Social%20Team&sfpln=&sfmsgtitle=Consumers%20should%20expect%20home&sfaccnt=REALTORS&sfdt=181102&sf201445665=1\">2019 Housing Forecast\u003C\u002Fa>\u003C\u002Fem>, mentions this concern:\r\n\u003Cblockquote>\u003Cem>“While the U.S. is experiencing historically normal levels of affordability, potential buyers may be staying out of the market because of perceived problems with affordability.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you are one of the many renters who would like to own their own homes, let’s get together to find out if homeownership is affordable for you right now.","\r\nIf you are one of the many renters who would like to own their own homes, let’s get together to find out if homeownership is affordable for you right 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","2018-11-08T10:00:07Z","2018-11-06T13:18:52Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},1211,"why-has-housing-supply-increased-as-sales-have-slowed-down","Why Has Housing Supply Increased as Sales Have Slowed Down?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F05150417\u002F20181107-Share-STM.jpg","2018-11-07T10:00:43Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},1213,"va-home-loans-by-the-numbers-infographic","VA Home Loans by the Numbers [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F05170644\u002F20181109-Share-STM.jpg","2018-11-09T11:00:50Z",{"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"]