https://www.youtube.com/watch?v=FpomY2b4k2I Should you rent or should you buy a home? With inflation rising, you may be wondering if you should put your plans to buy on pause. Here’s some information that may help you make your decision This graph shows the median asking rent since nineteen eighty-eight. What stands out to me is how steadily it’s been rising each year. If you’re still renting, ask yourself: how many times has your rent gone up? Probably every time you started or renewed a lease. And as inflation raises prices all around you, that can be a harder pill to swallow these days. … Continue reading...
Things to Think About
There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly affordable to buy a home right now. When addressing this topic, there are various measures of affordability to consider. However, very few of the indexes compare the affordability of owning a home to renting one. In a paper just published by … Continue reading...