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Housing Market Update

Renting vs Buying

  • Lower mortgage rates is good news for potential homebuyers
  • First compare your monthly payment costs, as the monthly cost for renting is close to the same as what a mortgage payment would be for buying
  • The benefits of owning include building equity, more stability, tax benefits, and you can upgrade as you like
  • Fear and misconception have led many people to miss out on buying, causing them to rent instead
  • The first step to buying is the hardest one, don’t be afraid to reach out and ask for help

 

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