Rent vs. Buy

In today’s market people are faced with a tough decision:  Should I rent or buy?  I go through this with my clients every week.  Purchasing in a recession can be very scary.  Not knowing what the future holds is always going to be intimidating.  But as the rental market continues to gains strength, purchasing is looking like the smarter decision.  A real estate research firm found that “based on current market conditions, buying a home is cheaper than renting in 74 percent of major U.S. cities.”  The real estate market has been at the bottom for a few years and is slowly starting to come back.  Mortgage rates are at an all time low and rental rates are climbing.  What I’m trying to say is now IS a good time to purchase.  There are great homes out there at affordable prices.  If I can be of any assistance, please reach out and we can discuss what is best for you.  MSNBC had a great article about this subject if you want to read more.

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