“Historically, the choice between renting and buying a home has been a tough decision.”

 

 

Some Highlights:

  • Historically, the choice between renting and buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear.
  • Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.

 

To view original article, visit Keeping Current Matters.

Don’t Expect a Flood of Foreclosures

Don’t Expect a Flood of Foreclosures

Before there can be a significant rise in foreclosures, the number of people who can’t pay their mortgage would need to rise. Since buyers are making their payments today, a wave of foreclosures isn’t likely.

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