Why Purchase & Not Rent

August 28, 2015

People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.

 

The Census Bureau just released their second quarter median rent numbers. Here is are several graphs showing the state of the housing market.

 

The numbers are in through June 2015. Real estate home sales are up from 2014 and the market is strong. If you think you think you need 20% down payment to purchase a home, think again. There are lending programs that allow for as little as 3.5% down payment. Home ownership is within your reach. That ongoing monthly rent going out could be converted to the investment that historically is still the best one out there; REAL ESTATE.

 

 

 

 

 

 

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Hannah Matthews, REALTOR

Hannah Matthews - (231) 633-0039 - Hannahm@kw.com

534 E. Front St - Traverse City, MI  49686

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