Should You Keep Renting Until Prices Go Lower?

When you buy a home, you are purchasing price stability, knowing that you will pay the same monthly payment for the life of your 30-year, *fixed-rate* mortgage.

Consider the current rental market. While there is evidence that home prices are moderating, rents can always be expected to rise. How much will your rent increase in the next three years? You don’t receive any tax benefits from paying rent, nor do you accumulate any price appreciation, as you would if you owned a home of your own.

The best way to play it safe is to actually buy a home. Studies show that owning a home is the best way to build household wealth over time. The sooner a person owns a home, the sooner they begin to build up equity and wealth.

Call me and we will find the right one for you!