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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