Whitney Minnich Real Estate and Community Updates

Where Buying Beats Renting in Savings March 6, 2019 For average-sized homes, buying a home is usually a better deal than renting, says a new study by LendingTree, an online lending resource, which compared monthly rental and mortgage payments for homes in the 50 largest U.S. metros. “Renting can be the best option if a person is not planning on staying in one area for a very long time or does not have enough cash for a down payment,” LendingTree notes in its study. “But buying a home can be a good long-term investment.” Researchers found that Miami, Orlando, Fla., and Virginia Beach, Va., are the metros where rent payments are the most expensive when compared to mortgage payments. Median mortgage payments are, on average, $215 cheaper than median rent payments in these metros. Four of the top 10 metros where monthly rents are higher than monthly mortgage payments were located in Florida. A recent Harvard University study found that too few rental units and lo...

The rental population is growing faster than ever-- in fact, the national apartment occupancy rate reached 95.3% percent-- an all time high! Apartment demand is coming not just from millennials but also from baby boomers. But why rent when you can own? Contact me today, 571-970-7195 or whitney@whitneyminnich.com, to see how much home you can afford based on your current rental payment. Apartment Occupancies Soar to Record High DAILY REAL ESTATE NEWS | FRIDAY, JUNE 19, 2015 Apartments are filling up nationwide. The national occupancy rate in May reached 95.3 percent, the highest ever, reports Axiometrics, a real estate analytics firm. Higher occupancy rates have come with higher rents. In May, rents rose 5 percent nationally, making it the fourth consecutive month at or above that mark. "The May rate historically is the start of each year's occupancy peak, meaning occupancy should remain at the current level or higher," says Stephanie McCleskey, Axiometrics...

Are you currently renting? June is National Homeownership Month and a great opportunity for you to become a homeowner! If you are one of the many renters out there who would like to make the transition from renter to homeowner, contact me today to start the process - 571-970-7195 or whitney@whitneyminnich.com . National Homeownership Month actually started as a week-long celebration of homeownership during the Clinton administration in 1995. In 2002, President George W. Bush proclaimed June as the  National Homeownership Month . Here is an excerpt from his  proclamation : “Homeownership is an important part of the American Dream…A home provides shelter and a safe place where families can prosper and children can thrive. For many Americans, their home is an important financial investment, and it can be a source of great personal pride and an important part of community stability.” “Homeownership encourages personal responsibility and the values necessary for strong fa...