According to the online real estate company Trulia, in 98 of the top 100 housing markets, it is cheaper to buy a home than it is to rent. Only Honolulu and San Francisco buck the trend, according to a recent article in CNNMoney. They cite falling home prices and mortgage rates that are historically low. The recent trend towards higher rents has even widened the gap, making home ownership a much more affordable option. Jacksonville, Florida, was listed as #8 in the top ten cities to “Buy vs Rent” in an article from Time-“Moneyland”. The reasons for this were very low mortgage rates and affordable home pricing.
Mortgage rates are at a 40 year low, but current events and a strengthening economy have pushed rates up slightly. Even though mortgage rates are lower than they have been in many buyers’ lifetimes, they are bound to rise, so now is the time to act. Maronda Homes has been building quality concrete block homes in Florida since 1972 and has seen many changes in the real estate market. There was a time, in the early 2000’s, when home builders could barely keep up with the volume of homes being built. Many people were priced out of the housing market, due to rising prices and interest rates. Of course, we all know that the housing market has seen some dramatic changes since then, but the risk of missing out on this historically favorable buying opportunity is a real concern. Mortgage rates have been rising slightly of late, due to the steadily improving economy. The Freddie Mac “weekly mortgage market survey rate” hit an historic low of 3.87% recently, and is currently at 4.08%. These rates are still very low and make buying an excellent value, but as they begin to rise, the monthly cost of buying a home will increase.
Maronda Homes is a premier home builder in the North Florida and South Georgia areas, with communities from Kingsland and St. Mary’s, Georgia, to Palm Coast, Florida. They also have two great communities in the Gainesville area, located in Alachua and Newberry, Florida. These communities feature Maronda Homes’ signature reinforced concrete block construction, providing superior homes that stand up to the challenging Florida environment. They deliver energy efficient, affordable alternatives to what has become a predominantly frame construction market. Maronda has be providing affordable homes to Florida home owners for over 30 years. Maronda’s great value has been very popular with military buyers as well. Since the North Florida and South Georgia areas are home to several military bases, Maronda Homes has been helping military families realize their dream of home ownership. The company is a VA approved builder and through it’s lending partner, FBC Mortgage, LLC, provides a smooth transfer for many military families.
If you are currently renting and would like to know how to realize your dream of home ownership and save money at the same time, please visit Maronda Homes today . Maronda Homes has decorated models all over the North Florida and South Georgia areas, with licensed agents ready to help!