just ask cathy...
Helping to educate buyers & sellers to make sound real estate decisions.
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RENTING VS HOME OWNERSHIP: According to the October 2010 Core Logic US Housing and Mortgage Trends, renters are now paying an average of 5% more on housing costs than home owners!  A decline in home ownership began in the 1990's when incomes started to become more stagnant.  With the decline in home ownership, there came the surge of renters. Take a look at the figures below to see how home ownership has declined. 

HOME OWNERSHIP

 

 
AGE GROUP  1985 2010
25 - 34 51.6%  42%
35- 44 71%  62%

 

Here's more facts:  In the 1980's the age group of 25-34 year olds were using 51.6% of their incomes to pay for their mortgages.  In 2010 that figure dropped to just 42%!  In the 1980's the age group of 35-44 year olds were using 71% of their incomes to pay for their mortgages.  By 2010 that figure dropped to just 62%!  If you're a renter, what percentage of your income goes to your rent?

With rent moving upward, now would be a great time to get out there and look for a good home ownership deal.  You'll most probably pay less per month to live in your own home than in an average apartment!

Here's a snapshot of today's foreclosures in Northern Kentucky up to $50,000.  To see all the foreclosures in all price ranges, check out  Boone County,  Kenton County and  Campbell County  foreclosures.   And remember, there are great deals in non foreclosures, too!   Take a look at these homes in Burlington, Florence and Union, KY. 

Happy home hunting! 
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NORTHERN KENTUCKY Real Estate Sales - Cathy Miles Realtor®
CINCINNATI, OHIO Real Estate Sales - Cathy Miles Realtor®  
I specialize in helping buyers and sellers with their real estate needs in Northern KY (Florence, Erlanger, Union, Richwood, Burlington, Hebron, Taylor Mill and surrounding areas) and in Cincinnati, OH (Hyde Park, Oakley, Clifton, Mt. Adams and surrounding areas). With passion, I invite you to board my boat for your next destination and allow me the opportunity to help you navigate the ever changing currents of this incredible market! 

  just ask cathy...
Helping to educate buyers & sellers to make sound real estate decisions.
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EXIT  / 513.673.7726 www.mileshometeam.com  /  I-Fax: 888. 398. 3974  /  cathy@mileshometeam.com