The Cost of Rent vs. Buy This Spring
The age old battle of weather to rent or buy a home continues but is changing more than you might think. Check these numbers out. They may just be enough to motivate you to purchase your next home.
- Historically, the choice between weather you rent or buy 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!
We know that each situation is unique and individual so let us help you gather the info you need to make the decision weather to rent or buy. We truly want to help each client find their home no matter what that may look like! If you are curious what is out there on the market in your area, click the link below and start a search! You can also get in touch with a reliable lender by clicking on our mortgage center. Get your questions answered today!
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