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Broker Banker BlogBroker Banker BlogUpdating you on the latest news in the Real Estate, Mortgage, and Financial Markets. We are a group of dedicated real estate brokers, mortgage brokers, stock brokers, and bankers giving you the latest news on what is going on in the financial and hou Articles
It Still Makes Sense to Buy Versus Rent
More articles from this author:2007-10-09 11:36:00 Nearly a full third of households are still renting...but if you are one of them, you could be paying a hefty price. Additionally, the children of the baby boomer generation are close to or at the home buying age, but these "echo boomers" could mistakenly decide to put off the purchase of a home because of all the noise about a "bubble" in home prices. Is there a "bubble"? The simple answer is "no". Even if interest rates move a bit higher, it won't be enough to cause a nationwide slide in home prices. The key to a healthy housing market is the job market. If the payment on a new home might be slightly higher due to increased interest rates, it generally won't stop someone from purchasing the home of their dreams...but if they feel their job is in jeopardy, it might be enough to stop them from making a move. So with the currently low levels of unemployment and the beefy gains in job creations, it looks like the housing market will remain vibrant. Although it will be difficult to ... More About: Sense , Versus , Rent 1, 2, 3 |
