A recent study conducted by the Center for Housing Policy shows that the number of low to moderate income renters who pay more than half of their income for housing has doubled. Between the years 1997 and 2005, the number of renters using more than half their income for housing costs increases from 1 million to 2.1 million. During that same time period,the number of homeowners who paid more than half their income for housing increased only 75 percent (from 1.4 million to 2.4 million). Among other things,this study indicates that renters may be having a more difficult time keeping up with housing costs. if you are a renter, you may want to explore purchasing options that may be more financially advantageous.

If you are renting, now may be the time to consider property ownership. The number of available properties and financing offer a wide range of options for qualified purchasers. To learn more about this, call CENTURY 21 TREND REALTY. I have a successful track record of assisting buyers. Contact me JEANNIE INGRAHAM,at (401) 640-5929. The office is conveniently located at 2719 East Main Road in Portsmouth. I wish you a Happy and Prosperous New Year!

HINT: According to the Center for Housing policy, a family is defined as having critical housing needs if they pay more than half their income for housing.