Should I Buy a Home Now or Wait?

At some point, you’ve probably heard the saying: “Yesterday was the best time to buy a home, but the next best time is today.”

At some point, you’ve probably heard the saying: “Yesterday was the best time to buy a home, but the next best time is today.”
Recent headlines may leave you wondering what’s next for mortgage rates.
Even though asking home prices rose 7.0% in the last year, outpacing rent increases of 3.2%, the gap between buying and renting has narrowed only slightly. One year ago, buying was 46% cheaper than renting. Today’s it’s 44% cheaper to buy versus rent. In fact, homeownership is cheaper than renting in all of America’s 100…
If you put off your home search at any point over the past two years, you may want to consider picking it back up based on today’s housing market conditions. Recent data shows the supply of homes for sale is increasing, giving buyers like you additional options. But it’s important to keep in mind that…
If you’re trying to decide if buying a home is worth it, consider the long-term benefits, like building equity as home values grow over time.
Based on a recent study, in 22 of the top 50 metros, the monthly mortgage payment is lower than the rent payment.
Trying to decide whether it makes more sense to buy a home now or wait?