The Cost of Renting vs. Buying This Spring
Some Highlights:
- Historically, the choice between renting or 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 becomes obvious.
- Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!
To view original article, visit Keeping Current Matters.
Are More Homes Coming onto the Market?
If you’ve been putting off selling your house, now may be the sweet spot to make your move. The longer you wait, the more competition you’ll have.
Why Is Housing Inventory So Low?
The shortage of inventory isn’t just a today problem. It’s been a challenge for years. Let’s take a look what contributed this limited supply
What Experts Project for Home Prices Over the Next 5 Years
Once you buy a home, price appreciation raises your home’s value, and that grows your household wealth.
Planning to Retire? Your Equity Can Help You Make a Move
Whether you’re looking to downsize, relocate to a dream destination, or move closer to friends or loved ones, equity in your home may help.
Expert Home Price Forecasts Revised Up for 2023
As activity slows again at the end of the year, home price growth will slow too. This doesn’t mean prices are falling.
Buyer Traffic Is Still Stronger than the Norm
Buyers will always need to buy, and those who can afford to move at today’s rates are going to do so.