Owning a Home Helps Protect Against Inflation
You’re probably feeling the impact of high inflation every day as prices have gone up on groceries, gas, and more. If you’re a renter, you’re likely experiencing it a lot as your rent continues to rise. Between all of those elevated costs and uncertainty about a potential recession, you may be wondering if it still […]
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.
Think Twice Before Waiting for Lower Home Prices
As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. […]