{"id":12188,"date":"2011-06-22T18:42:57","date_gmt":"2011-06-22T18:42:57","guid":{"rendered":"https:\/\/staging.iconitrax.com\/RonQuilario\/blog\/index.php\/2011\/06\/22\/home-ownership\/"},"modified":"2025-04-17T07:19:19","modified_gmt":"2025-04-17T14:19:19","slug":"home-ownership","status":"publish","type":"post","link":"https:\/\/www.crestico.com\/blog\/home-ownership\/","title":{"rendered":"Essential Guide to Home Ownership: Tips, Benefits, and Insights"},"content":{"rendered":"<div class='posterous_autopost'>\n<div>\n<p align=\"left\">This year California housing market conditions makes a strong and compelling case for homeownership. With prices still well below the historic highs of just a few years ago and attractive mortgage rates, qualified buyers have a unique opportunity to own their own home. As seen below, a rigorous analysis of renting versus buying hears this conclusion out. As shown in the following chart, the monthly housing costs (principle, interest, taxes, and insurance or PITI) associated with buying a median-priced home of $301,430 is $1,590 (Fourth Quarter 2010 median priced home in California). This assumes the buyer is making a 20 percent down-payment and financing with a 30-year fixed rate mortgage at 4.62 percent. In comparison, the median rent on a three-bedroom two-bath apartment with renter\u2019s insurance in California is $1,810. That means buying a home would save the homeowner $220 per month when compared to renting and the homeowner would save over $2,600 a year. Reported by the National Association of Realtors<\/p>\n<\/p>\n<\/div>\n<p><span style=\"font-family:Garamond,serif;color:#888888;\"><a href=\"mailto:Mitra.Karimi@Crestico.com\" target=\"_blank\" rel=\"noopener noreferrer\">Mitra.Karimi@Crestico.com<\/a> <br \/> Direct: (949) 478-4466 <b>|<\/b> Fax: (310) 933-1619<br \/>DRE. Lic. # 01848917 <br \/>Office: (877) 880-2929 x.4466 | Fax: (877) 881-2929 | <a href=\"http:\/\/www.crestico.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.crestico.com<\/a> <br \/> 1281 Westwood Blvd. Suite 102 Los Angeles, CA 90024<\/span><span style=\"font-family:Garamond,serif;\"><\/span> <\/p>\n<p style=\"margin:0;\"><em><b><span style=\"font-family:Garamond,serif;color:#888888;\">&quot;To give real service you must add something which cannot be bought or measured with money, and that is sincerity and integrity.&quot;<\/span><\/b><\/em><b><i><span style=\"font-family:Garamond,serif;color:#888888;\"><br \/> <\/span><\/i><\/b><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This year California housing market conditions makes a strong and compelling case for homeownership. With prices still well below the historic highs of just a few years ago and attractive mortgage rates, qualified buyers have a unique opportunity to own their own home. As seen below, a rigorous analysis of renting versus buying hears this [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[167,38,95,168,12,27,15],"class_list":["post-12188","post","type-post","status-publish","format-standard","hentry","category-crestico","tag-homeowner","tag-insurance","tag-money","tag-mortgage-rates","tag-real","tag-save","tag-years"],"_links":{"self":[{"href":"https:\/\/www.crestico.com\/blog\/wp-json\/wp\/v2\/posts\/12188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.crestico.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.crestico.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.crestico.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.crestico.com\/blog\/wp-json\/wp\/v2\/comments?post=12188"}],"version-history":[{"count":0,"href":"https:\/\/www.crestico.com\/blog\/wp-json\/wp\/v2\/posts\/12188\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.crestico.com\/blog\/wp-json\/wp\/v2\/media?parent=12188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.crestico.com\/blog\/wp-json\/wp\/v2\/categories?post=12188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.crestico.com\/blog\/wp-json\/wp\/v2\/tags?post=12188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}