Is It Better To Rent or Buy a Home Today?
Some Highlights
- A study shows that 70% of prospective buyers fear the long-term consequences of renting. And here’s why.
- Rent usually rises over time and that can make it harder to save up to buy a home. But when you buy, you can stabilize your housing expenses and grow your net worth as home values rise.
- While renting may be the less expensive option in some markets, it can’t match the long-term benefits of homeownership. What’s your #1 reason for wanting to buy?
You may have seen talk online that new home inventory is at its highest level since the crash.
Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market.
