Is It Better to Rent Than to Buy in Today’s Housing Market?
Is it better to rent than to buy in today’s housing market? Some real estate experts say yes! This is due to fast-rising home prices and higher mortgage rates that have shifted the calculation to rent. The monthly costs of buying and owning a home that you occupy are up 14 percent over the past year, more than three times the annual increase in rent rates nationally, according to Realtor.com. Rents are up just 4 percent. The number of