Rent vs. Own

The current break-even horizon* in the

Seattle Metro area is 1.69 years!

 

*The amount of time you need to own your home in order for owning to be a superior financial decision.

With expensive rental rates, historically low interest rates, and home prices softening, there are advantages to buying versus renting.

In fact, the Seattle Metro area has seen some of the sharpest rent hikes in the country over the last few years! There are several factors to consider that will lead you to make the best decision for your lifestyle and your financial bottom line. Zillow Research® has determined the break-even point for renting versus buying in our metro area. In other words, the amount of time you need to own your home in order for owning to be a superior financial decision. Currently in Seattle, the break-even point is 1.69 years – that is quick! What is so great about every month that ticks away thereafter, is that your nest egg is building in value.

I am happy to help you or someone you know assess your options; please contact me anytime. 

These assumptions are based on a home buyer purchasing a home with a 30-year, fixed-rate mortgage and a 20 percent down payment; and a renter earning five percent annually on investments in the stock market.

 Read the full article on the Zillow Research website here

Zillow Research® is a trademark of Zillow, Inc.

Posted on March 4, 2019 at 4:16 am
Debbie Jaeger | Category: Price Appreciation

Astounding Home Price Appreciation Numbers

Seattle Area Home Price Appreciation Continues

Shoreline:

Do you know what your home is worth? This is an example of an actual home that was sold in 2014 and again in 2018, with no remodel or significant improvements in between – for a resounding 42.85% increase in value! This is actual, pound-for-pound appreciation in north King County. Since 2014, home values in the greater Seattle area have grown over 10% each year. Contact me if you want to chat about your home’s value!

Posted on April 11, 2018 at 8:00 am
Debbie Jaeger | Category: North King County, Price Appreciation | Tagged , ,

How Much Has Your Home Appreciated since 2014?

Price Appreciation since 2014

Lynnwood:

Do you know what your home is worth? This is an example of an actual home that was sold in 2014 and again in 2017, with no remodel or significant improvements in between – for a resounding 42.85% increase in value! This is actual, pound-for-pound appreciation in south Snohomish County. Since 2014, home values in the greater Seattle area have grown over 10% each year. Contact me if you want to chat about your home’s value!

Posted on April 10, 2018 at 7:01 pm
Debbie Jaeger | Category: Price Appreciation, South Snohomish County | Tagged , , ,