4 Things Every Renter Needs To Consider
As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider.
Renters Missed Out on $51,500 This Past Year
Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic.
![Reasons Renters Buy [INFOGRAPHIC]](https://images.squarespace-cdn.com/content/v1/664518da99a0db1a32b5b0d8/1715804463148-TA10Q0MIJ7SSUB75SKJN/reasons-renters-buy.png)
Reasons Renters Buy [INFOGRAPHIC]
When deciding whether you should rent or buy, make sure you’re considering these factors.
With Rents on the Rise - Is Now the Time To Buy?
According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. If you’re a renter concerned about rising prices, now may be the time to consider purchasing a home.
Rent vs. Buy: How to Decide What’s Best for You
According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further.