It’s important to understand what’s happening in today’s housing market so you can determine which option is the better long-term financial decision for you.
Rents Are Going Up Again This Year
Data from realtor.com shows rental prices are surging throughout the country. The graph below highlights rental unit price increases over the past year:
Rising Rents can have a big impact on your financial goals, including any plans you’re making to save for a home purchase. If you’re living in Kennedy Township PA and renting, talk to a real estate agent before signing a new lease.
Homeownership Offers Stable Monthly Costs
One of the key benefits of owning your home is that you’re able to lock in and stabilize your payments for the duration of your loan.That’s not the case when you rent.
If you’re ready to become a homeowner, waiting any longer may not make financial sense. Instead, escape the cycle of rising rents and enjoy the many benefits that come with homeownership today.
Starting your journey towards homeownership can pay off significantly. If you’re financially ready today, connect with a Kennedy Township Realtor. The Diane McConaghy Team at REMAX Select Realty can discuss your options.