With the housing market in its current state, many people are opting to rent rather than buy. They feel that renting gives them more flexibility and won’t leave them possibly unable to keep their house should they lose their job or have another hardship befall them. However, there couldn’t be a better time to buy! In fact, in 98% of today’s top housing markets, buying a home is actually more affordable than renting!
There are several reasons that buying is almost universally more affordable than renting. First, home prices are at record lows throughout the country. Second, mortgage rates are at historic lows. And third, landlords acknowledge that they have control in a market flooded which results in high rent prices.
So, if you’re in a position to save for a down-payment now is the time to buy! Give us a call at Cooper Realty Associates and let us help you get out of your rental and into your own home – 302-629-6693.
