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Top 10 States for Prospective Home Buyers in 2016

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Renting a house or apartment is one thing. But for most, buying a home is a major investment and a long-term commitment. On average, an individual or couple owns just three homes during their lifetimes – a small starter home in the early adulthood years, a larger home to accommodate children, and often, back again to a downsized abode after the children have moved away and it’s time to relax and enjoy the retirement years.

If you’re considering purchasing a home, there’s good news. Real estate experts say home prices in 2016 are expected to rise at just half the pace they did in 2015 and that homes are expected to remain on the market for longer periods of time. This means more available homes to choose from, more competitive financing options and more time to consider all factors and make the best decision for you and your family.

Still, some locales are more buyer-friendly than others, according to a recent study by GOBankingRates, an online resource for personal finance content news and tips. Researchers plied through information on all US states, ranking each on five top factors – housing affordability, renting costs compared with buying costs, year-over-year home value changes, average annual percentage rate for mortgages and property tax rates.

And the top 10 winners are:

  1. Maine
  2. Colorado
  3. Arkansas
  4. Missouri
  5. Tennessee
  6. Kansas
  7. Iowa
  8. South Dakota
  9. Florida
  10. Indiana

To get the lowdown on just where your prospective new home state ranks and why, check out the full analysis on GOBankingRates’ website. And if your next move takes you to or from the greater Washington DC metro area, call McKendree Moving & Storage at 800-530-2626 or request a quote online.

 

20 Safest Cities in America

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When considering a move, a top factor, particularly for single women and families with children, is safety. To help you make an informed decision, Neighborhood Scout, a division of SaaS, a Worcester, MA-based location-based data and mapping firm, issues an annual report of America’s 100 safest cities.

Each year, researchers pour over a plethora of violent- and property-crime data statistics on violations including burglary, larceny-theft, motor vehicle theft, armed robbery, aggravated assault, rape and murder reported to the FBI in cities nationwide with 25,000 or more people. Once all the data is analyzed, the top 100 cities are ranked according to safety.

This year’s top 20 winners are:

  1. Ridgefield, CT
  2. Winona, MN
  3. Rancho Santa Margarita, CA
  4. Franklin, MA
  5. Bergenfield, NJ
  6. Lake in the Hills, IL
  7. Shrewsbury, MA
  8. Bartlett, IL
  9. Zionsville, IN
  10. Aliso Viejo, CA
  11. Weston, FL
  12. Needham, MA
  13. Parkland, FL
  14. Florence, AZ
  15. Pleasant Grove, UT
  16. Lexington, MA
  17. Ballwin, MO
  18. Buffalo Grove, IL
  19. Ridgewood, NY
  20. North Ridgeville, OH

If you’re a parent, you’ll be happy to know that these cities also tend to have the best school systems and the highest college graduation rates. To see the fill list of America’s 100 safest cities, visit Neighborhood Scout’s website.

If you’re considering a move to or from the Washington, DC metropolitan area, it’s never too early to start planning. Call McKendree Moving & Storage at 800-530-2626 to schedule a consultation at our Waldorf, Elkridge or LaPlata locations.