Why Buying a Home Makes More Sense Than Renting Today
The decision to rent or buy a home can be a challenging one. However, rising rental costs in recent years make owning a home a more appealing option. Rents have steadily increased since 1988, with the median asking rent in the US being $1,732 in March 2023, which is 25.7% higher than pre-pandemic levels. In contrast, homeowners with a fixed-rate mortgage can lock in a monthly payment for the duration of their loan, making homeownership more affordable in the long run. Additionally, owning a home allows you to start building equity, which can increase your net worth and set you up for future success. When considering homeownership, it’s essential to have a team of real estate professionals who can guide you through the process and explore your options.
5 Reasons Millennials Are Buying Homes
In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons you may choose to […]