Renting vs Buying - Affordability Index of a Home Now vs 1 Year

Reston VA

01 November, 2021

8:03 PM

Description

There are strong arguments on both sides when it comes to whether it's better to rent a home or to buy one. Buying a home, putting roots down, and building equity might be one person's dream but another's burden. Both are valid positions, and which one you may agree with depends on a variety of factors. If you're thinking about whether to buy or rent a home, it's important to consider how long you're planning to live in it, whether your credit is ready for a mortgage, what your goals are, and more. BONUS: Affordability Index of the monthly payment and costs of a $400,000 home now and where it will be next year with rising interest rates and appreciation in a more normal range. Homes are continuing to appreciate with rising interest rates, shrinking buying budgets. I'm happy to bring you this Guide and many others covering the most common topics and questions I field every day! Renting vs Buying Guide Enjoy! Reach out anytime, I'm here to support and arm you with the knowledge you need in this competitive market! Michele