The Cost of Renting Vs. Buying a Home!

Dated: August 29 2020

Views: 17

The Cost of Renting Vs. Buying a Home

The Cost of Renting Vs. Buying a Home [INFOGRAPHIC] | MyKCM

Some Highlights

  • The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise.
  • This is making buying a home an increasingly attractive option for many people, especially with low mortgage rates driving purchasing power.
  • Let’s connect if you’d like expert guidance on exploring your homebuying options while affordability is high.
Blog author image

Nanci Gilbert, PA

Nanci strives to provide every client with a smooth and worry-free experience when it comes to buying and selling real estate. In an industry that can move very quickly, she prides herself on taking t....

Latest Blog Posts

What Experts Are Saying about 2021 Job Market

What Experts Are Saying about the 2021 Job MarketEarlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy

Read More

Owning a Home It's Still More Affordable Than Renting One

Owning a Home Is Still More Affordable Than Renting OneIf spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you;

Read More

Should I Wait for Lower Mortgage Interest Rates

Should I Wait for Lower Mortgage Interest Rates?Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the

Read More

How to Make the Dream of Homeownership a Reality This Year!

How to Make the Dream of Homeownership a Reality This YearIn 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and

Read More