RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

How Long Will It Take to Break Even on a Home?

February 8, 2016 1:36 am

For those torn between buying and renting, the breakeven point—the time at which an investment becomes financially advantageous—can help determine which route to take. The breakeven horizon, according to Zillow, stands at 1.9 years, meaning that in the majority of markets (70 percent), homebuyers will break even on a home purchase in less than two years. Contributing to that horizon is the pace of rent, low interest rates and a healthy home value forecast.

The breakeven horizon for some of the nation’s most popular job markets, however, is between 2-3 years. Because many under age 35 tend to stay employed at the same place an average of three years, it may be more prudent for them to rent, even if a mortgage would be more affordable. Condominiums—a common choice for young homebuyers in urban neighborhoods—have a longer breakeven horizon due to association fees.

"Even with record-high rents in job centers like San Jose, Boston and Washington, D.C., putting off a home purchase might be the best financial decision for a young person who has saved enough for a down payment, depending on how long they intend to stay in their jobs and homes," says Zillow Chief Economist Svenja Gudell. "Young workers face a lot of hurdles on the way to homeownership, including saving for a down payment in the first place and deciding where and when to settle down. The latest Breakeven Horizon gives young people another data point to consider when they're making this important financial decision."

Source: Zillow

Published with permission from RISMedia.


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Who Will Win the Super Bowl? Follow the Chicken

February 5, 2016 1:33 am

Super Bowl Sunday isn’t just about the game—it’s about the food! And this year, one party favorite will stand above the rest. Can you guess what it is?

According to the National Chicken Council’s 2016 Wing report, football fans will nosh on upwards of one billion chicken wings over Super Bowl weekend—1.3 billion, to be exact. That’s four wings for every person in America, and enough to place more than 600 wings on every seat in all 32 NFL stadiums!

Put another way: If you laid 1.3 billion wings end-to-end, they would cover the distance between the Panthers stadium in Charlotte, N.C., and the Broncos stadium in Denver, Colo.—53 times!

Put yet another way: Weighing in at about 162.5 million pounds, 1.3 billion wings weigh 6,325 times more than the combined weights of the Panthers and Broncos entire 52-man rosters.

“Any way you measure it, that's a lot of freaking wings,” says Tom Super, senior vice president of communications at the National Chicken Council. 

Still, wings are much more than a Super Bowl snack. In fact, chicken wing sales have determined four of the last five Super Bowl outcomes. If the same holds true for Super Bowl 50, the Panthers will roll over the Broncos—wings are sold in Charlotte at a nearly 3 to 1 pace over Denver.

“It would be nice to see Peyton Manning go out with a victory lap like Elway, but the numbers don't lie," Super says.  "If history holds true, hopefully wing sales will prove to be a better 'scientific method' of predicting the winner. Follow the chicken." 

Source: National Chicken Council

Published with permission from RISMedia.


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