[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f285g4h9de34ct":3,"$ffeh0925h8cuz":51,"$f2emv3tus0uf1":55,"$fbwk2pqjjqsc7":59},{"item":4,"previous":39,"next":45},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":37,"updatedAt":38},1394,"is-renting-right-for-me","Is Renting Right for Me?","If you’re currently renting and have dreams of owning your own home, it may be a good time to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2019\u002F06\u002F11\u002Frenting-or-owning-what-is-better-for-you\u002F\">think about\u003C\u002Fa> your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F07\u002F16155737\u002F20190722-KCM-Share.jpg","If you’re currently renting and have dreams of owning your own home, it may be a good time to \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2019\u002F06\u002F11\u002Frenting-or-owning-what-is-better-for-you\u002F\">think about\u003C\u002Fa> your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize.\u003C!--more-->\r\n\r\nAccording to the \u003Ca href=\"https:\u002F\u002Fabout.bankofamerica.com\u002Fassets\u002Fpdf\u002FBOA_2018_Fall_HBIR.pdf\">\u003Cem>2018 Bank of America Homebuyer Insights Report\u003C\u002Fem>\u003C\u002Fa>, 74% of renters plan on buying within the next 5 years, and 38% are planning to buy within the next 2 years.\r\n\r\nWhen those same renters were asked why they disliked renting, 52% said rising rental costs were their top reason. The results of the survey can be seen here:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F07\u002F20190722-MEM-1.jpg\">\u003Cimg class=\"aligncenter wp-image-40256\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F07\u002F20190722-MEM-1.jpg\" alt=\"Is Renting Right for Me? | Simplifying The Market\" width=\"650\" height=\"366\" \u002F>\u003C\u002Fa>It’s no wonder rising rental costs came in as the top answer. The \u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fhousing\u002Fhvs\u002Ffiles\u002Fcurrenthvspress.pdf\">median asking rent price\u003C\u002Fa> has risen steadily over the last 30 years, as you can see below.\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F07\u002F20190722-MEM-2.jpg\">\u003Cimg class=\"aligncenter wp-image-40257\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F07\u002F20190722-MEM-2.jpg\" alt=\"Is Renting Right for Me? | Simplifying The Market\" width=\"650\" height=\"487\" \u002F>\u003C\u002Fa>There is a long-standing rule that a household should not spend more than \u003Ca href=\"https:\u002F\u002Fwww.investopedia.com\u002Fterms\u002Ft\u002Ftwenty-eight-thirty-six-rule.asp\">28% of its income\u003C\u002Fa> on housing expenses. With nearly half of renters (48%) surveyed already spending more than that, and with their rents likely to rise again, it’s never a bad idea to reconsider your family’s plan and ask yourself if renting is your best angle going forward. When asked why they haven’t purchased a home yet, not having enough saved for a down payment (44%) came in as the top response. The report went on to reveal that nearly half of all respondents believe that \u003Cem>“a 20% down payment is required to buy a home.”\u003C\u002Fem>\r\n\r\nThe reality is, the need to produce a 20% \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2019\u002F04\u002F29\u002Fhow-quickly-can-you-save-your-down-payment\u002F\">down payment\u003C\u002Fa> is one of the biggest \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2018\u002F06\u002F25\u002Fyou-do-not-need-20-down-to-buy-your-home-now\u002F\">misconceptions\u003C\u002Fa> of homeownership, especially for first-time buyers. That means a large number of renters may be able to buy now, and they don’t even know it.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re one of the many renters who are tired of rising rents but may be confused about what is required to buy in today’s market, let’s get together to determine your path to homeownership.","\r\nIf you’re one of the many renters who are tired of rising rents but may be confused about what is required to buy in today’s market, let’s get together to determine your path to homeownership.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F07\u002F20190722-MEM-1.jpg",false,[17,21,25,29,33],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},11,"First-Time Buyers","first-time-buyers",{"id":30,"name":31,"slug":32},38,"Move-Up","move-up",{"id":34,"name":35,"slug":36},53,"Rent vs. Buy","rent-vs-buy","2019-07-22T10:00:04Z","2019-07-22T15:54:11Z",{"id":40,"slug":41,"title":42,"featuredImage":43,"publishedAt":44,"contentType":10,"isVideo":15},1393,"the-cost-of-waiting-interest-rates-edition-infographic-3","The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F07\u002F15125928\u002F20190719-Share-KCM.jpg","2019-07-19T10:00:00Z",{"id":46,"slug":47,"title":48,"featuredImage":49,"publishedAt":50,"contentType":10,"isVideo":15},1395,"what-experts-are-saying-about-the-current-housing-market","What Experts are Saying About the Current Housing Market","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F07\u002F18152427\u002F20190723-Share-KCM.jpg","2019-07-23T10:00:22Z",{"cover":52,"open":53,"shareSpread":54},"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",{"cover":56,"open":57,"shareSpread":58},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[60,64,65,66,70,74,78,79,83,87,88,92,96,100,104,105,109,113,117,121,125,129,133,137,141,145,149,153,157,161],{"id":61,"name":62,"slug":63},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},7,"Foreclosures","foreclosures",{"id":71,"name":72,"slug":73},8,"Infographics","infographics",{"id":75,"name":76,"slug":77},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},{"id":80,"name":81,"slug":82},34,"Senior Market","senior-market",{"id":84,"name":85,"slug":86},35,"Mortgage Rates","mortgage-rates",{"id":30,"name":31,"slug":32},{"id":89,"name":90,"slug":91},41,"For Sale by Owner","for-sale-by-owner",{"id":93,"name":94,"slug":95},42,"Featured","featured",{"id":97,"name":98,"slug":99},45,"New Construction","new-construction",{"id":101,"name":102,"slug":103},52,"Luxury \u002F Vacation","luxury--vacation",{"id":34,"name":35,"slug":36},{"id":106,"name":107,"slug":108},80,"Time-sensitive","time-sensitive",{"id":110,"name":111,"slug":112},81,"Outdated","outdated",{"id":114,"name":115,"slug":116},147,"Internal","internal",{"id":118,"name":119,"slug":120},148,"Do Not Autopost","do-not-autopost",{"id":122,"name":123,"slug":124},320,"Inventory","inventory",{"id":126,"name":127,"slug":128},321,"Agent Value","agent-value",{"id":130,"name":131,"slug":132},322,"Affordability","affordability",{"id":134,"name":135,"slug":136},323,"Buying Tips","buying-tips",{"id":138,"name":139,"slug":140},324,"Downsize","downsize",{"id":142,"name":143,"slug":144},325,"Economy","economy",{"id":146,"name":147,"slug":148},326,"Equity","equity",{"id":150,"name":151,"slug":152},327,"Forecasts","forecasts",{"id":154,"name":155,"slug":156},328,"Selling Tips","selling-tips",{"id":158,"name":159,"slug":160},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":162,"name":163,"slug":164},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]