Jan 8, 2016
Current renters spend roughly 30 percent of their household income on housing; home buyers spend about 15 percent of their monthly income on a mortgage payment for a typical home.
Spending a bigger piece of the income pie on rent makes it hard to save for a down payment.
Although 20 percent is a recommended down payment, the graph below shows that even assuming only 5 percent down and a 6 percent mortgage interest rate, the breakeven horizon is just short of four years, and rental costs are still remarkably higher than homeownership costs by approximately $300,000 over 20 years.
With 5% down and a 6% interest rate, the breakeven horizon is just under 4 years.
Oct 25, 2015
Sotheby’s International Realty (SIR) has entered into an exclusive agreement with Apple to feature SIR banner ads in Apple’s new customizable built-in News app. The ads are expected to dramatically increase traffic to SIR.com the Sotheby’s International Realty website where people can search for homes. This is a huge benefit for sellers listing their home with Sotheby’s International Realty as it will increase the number of visitors to the site and the opportunity for the visitor to find the seller’s home. Sotheby’s International Realty will be one of 25 companies and the only company with advertisements in the Real Estate category.
Aug 12, 2015
This Wealth-X and Sotheby’s International Realty report provides insight into real estate investment and home-buying trends of ultra-high net worth individuals from around the world. The information may be useful when developing your real estate investment strategy.
Jul 2, 2015
Rancho Terrasina is located in the foothills of the McDowell Mountains on an elevated site with pristine views of the McDowell Mountains to the north and city lights to the south. The community consists of 15 lots, four of which have existing homes, and the remaining to be built by Toll Brothers. The lot sizes range from 25,900 to 62,800 square feet with the majority of the lots averaging around 34,000 square feet.
Homes newly constructed by Toll Brothers are single-story featuring Contemporary, Desert Contemporary, and Mission style architecture and floor plans ranging from 4,156 to 6,221 Square Feet. Open concept designs include 3-4 bedrooms with en-suite bathrooms, courtyards, study, outdoor living spaces and more. For more information, please contact Michelle Sarocka at 602.616.4829 or email [email protected].
