If you’re trying to decide between renting or buying in 2018, consider the facts.
Some highlights about the cost of renting vs. buying in 2018:
Historically, the choice between renting or buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice of renting vs. buying in 2018 becomes obvious.
If you’re concerned about your FICO score or the cash downpayment you’ll need to buy a house instead of rent, learn the truth.
Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!