Owning a home is a goal for many Americans, and a study just released shows this dream may be
more in reach than they realize. Zillow, a US housing website, released data in December that illustrates this recent trend, showing that current US home buyers on average now spend 15% of their monthly income on a house payment as opposed to the previous average of 22%. This dip was prompted by a spike in renting costs, which now absorb about 30% percent of renters monthly income, further incentivizing the idea of buying a home in the new year. People whom rent homes are now more likely to be swamped in debt from those expenses, when in fact the cheaper option, long term, would be to purchase a home. Given the recent turnaround, 2015 may be the year prompting many First Time Homeowners to Enter Real Estate Market, as opposed to renting.
With the sun still shining in Miami and business booming all around the city, it seems the ideal place for someone to purchase real estate. If you are interested in taking a look at all the amazing, luxurious Miami properties on the market today, feel free to contact a RE/MAX agent and they can assist you with whatever your needs may be.