Rent or Buy?
Real Estate Bottom Line
- Historically, the choice between renting or buying a home has been a difficult decision.
- Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious.
- Every market is different. Before you renew your lease again, let’s talk to see if you can put your housing costs to work by buying a home this year!