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Is It Better To Rent or Buy a Home Today?

Mortgage

Is It Better To Rent or Buy a Home Today?

 

a graph of orange and blue lines

 

Some Highlights

 

  • A study shows that 70% of prospective buyers fear the long-term consequences of renting. And here’s why.​
  • Rent usually rises over time and that can make it harder to save up to buy a home. But when you buy, you can stabilize your housing expenses and grow your net worth as home values rise.
  • While renting may be the less expensive option in some markets, it can’t match the long-term benefits of homeownership. What’s your #1 reason for wanting to buy?​

 

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