Fort Worth Real Producers
I was honored to be featured in Fort Worth Real Producers Magazine!
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New Listing
2505 Ensenada Lane, Fort Worth, Texas 76108
Introducing a charming and meticulously maintained single-family home. This delightful property features a spacious living room that seamlessly flows into the well-appointed kitchen, creating an inviting space for everyday living and entertaining.
The generously sized master bedroom is a true retreat. The split bedroom design ensures privacy and comfort for your family. The home is adorned with stylish granite kitchen countertops, durable wood laminate floors, and easy-to-clean tile in all wet areas.
Adding to the home's charm is a corner fireplace with a classic wood façade, providing a cozy focal point for the living area.
The backyard is prepped for a patio addition with an existing awning, creating the perfect space for outdoor enjoyment. Conveniently located near a park, walking paths, and a playground, this delightful home offers the perfect blend of comfort and outdoor recreation opportunities.
Don't miss the chance to make this well-loved property your own!
I want to see this home
Happy Closing Day!
Congratulations to MREG agent Chris Maunder for winning first place in his flight at the Knights of Columbus Golf Tournament on Monday! MREG is proud to be a sponsor of this charity event year after year!
Local News
Fort Worth is one of the cheapest U.S. cities for a night out, study says
Inflation may be bringing down the vibes (and the balance) of your bank account, but there's good news if you like to party in Fort Worth.
A study by price-monitoring website PriceListo found that Fort Worth is the No. 9 most affordable U.S. city for a night out.
The study looked at cost-of-living data from U.S. cities with populations above 500,000 to discover the average price of a cocktail, cab fare, bottle of wine, and pint of beer. They also collaborated with hotel deal-finders Vio to determine the median price for a single-night stay in the city.
The overall cost for that late-night buzz adds up to $172.14 in Fort Worth.
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Real Estate News
Why Buying a Home Makes More Sense Than Renting Today
Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988.
And, data from the latest rental report from Realtor.com shows rents continue to grow today, even though it’s at a slower pace than we saw at the height of the pandemic:
“In March 2023, the U.S. rental market experienced single-digit growth for the eighth month in a row . . . The median asking rent was $1,732, up by $15 from last month and down by $32 from the peak but is still $354 (25.7%) higher than the same time in 2019 (pre-pandemic).”
With rents much higher now than they were in more normal, pre-pandemic years, owning your home may be a better option, especially if the long-term trend of rents increasing each year continues. In contrast, homeowners with a fixed-rate mortgage can lock in a monthly mortgage payment for the duration of their loan (typically 15-30 years).
Owning a Home Could Be More Affordable if You Need More Space
The graph below uses national data on the median rental payment from Realtor.com and median mortgage payment from the National Association of Realtors (NAR) to compare the two options. As the graph shows, depending on how much space you need, it’s typically more affordable to own than to rent if you need two or more bedrooms:
So, if you’re looking to live somewhere where you have two or more bedrooms to accommodate your household, give you more breathing room to spread out your belongings, or dedicate the extra space to practice your hobbies, it might make sense to consider homeownership.
Homeownership Allows You To Start Building Equity
In addition to shielding you from rising rents and being more affordable when you need more space, owning your home also allows you to start building your own equity, which in turn grows your net worth.
And, as home values typically rise over time and you pay off your mortgage, you build equity. That equity can set you up for success later on because you can use it to help fuel a move to an even bigger space down the line. That’s why, according to Zonda, the top reason millennial homeowners bought their home over the past year was to build their own equity instead of someone else’s.
Bottom Line
If you’re trying to decide whether to buy a home or continue renting, work with a trusted real estate agent to explore your options. With rents rising, it may make more sense to pursue your dream of homeownership.
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