Aloha! Our advertisement for the March 2020 Estates & Homes publication featuring Oahu real estate listings from EXIT Realty in Hawaii. EXIT Real Estate Associates is proud to have partnered with Homes & Land to market properties for sale. Homes & Lands print media compliments our online sales and marketing provided through our own ExitRealtyHonolulu.com website in addition to Realtor.com, Trulia, Zillow, and other third party listing providers. In addition, our listings can be found on The Wall Street Journal real estate portal, The Washington Post real estate portal, The New York Times and The International Herald Tribune real estate portals as well as other established luxury lifestyle real estate portals.
Homes & Land is not just a magazine, it is a fully integrated marketing program including a printed magazine distributed locally and worldwide and online giving our listings increased local exposure beyond the Multiple Listing Services. With Homes & Land our listings get exposure with more than 2,700 targeted, quality publications mailed to Oahu homes; exposure through 101 street magazine boxes all over the island; direct distribution to industry professionals including mortgage companies, title companies, banks, coffee houses, airport lounges, golf courses, hotels, and real estate offices; and reaches over 200 MILLION unique visitors worldwide through Internet marketing campaigns and online syndication that target Asia, China, Korea, Europe, Japan, Canada and Latin America.
You can find our advertisements on the back cover in the current issue as well as past issues. Contact your Realtor if you have any questions about any of the properties appearing in any issue of the Estates & Homes publication.
“Home buying Could Soon Beat Renting” was the title of an article by John W. Schoen, Senior Producer of The Bottom Line on msnbc.com. The Bottom Line is known for breaking news and analysis of real estate and consumer issues.
John writes that “falling home prices have sent many would-be buyers to the sidelines. If all goes well, record low interest rates and rising rents may soon prompt some of them to take a second look at buying.” Historic, US Census Bureau, data on median monthly mortgage payments and median monthly rent payments depicts how affordable home ownership has become.
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Unfortunately, that’s a big “if,” according to Paul Diggle, Housing Eeconomist at Capital Economics. Much of the decision to buy a house still depends on your personal finances and preferences, your career or family life, or level of financial security. But if you’re comparing just the cost of owning and renting, buying a house may soon be the better choice, according to Diggle.
Until recently, home ownership was no bargain compared to renting, according to the analysis. A 33 percent drop fall in median home prices, a plunge in mortgage rates and 15 percent rise in rents since the housing crash has evened the scales. Today, the median monthly mortgage payment of about $700 has fallen to about the level of a median monthly rent check. If mortgage rates keep falling and rents keep rising, the equation will tip even further toward owning.
But that analysis doesn’t include the total cost of owning versus renting. A full accounting includes closing costs, maintenance, insurance and property taxes, tax savings from mortgage deductions, gains or losses from home equity, among other factors. Renters have to think about broker fees and future rent hikes. Both have to make assumptions about future trends in housing prices and rents.