Take Your Word-Of-Mouth Real Estate Marketing to the Next Level by Teaming up with a Local Influencer
Most real estate agents use social media as a means of marketing themselves, at least to some degree. Some agents are able to build a
Buying a Starter Home Is Cheaper Than Renting in Nearly Half the Metro Areas in the Us
Renting is often looked at as a more affordable alternative to homeownership, but in many areas of the US, that’s actually not the case.
According to recent data from realtor.com, rents are rising fast and hitting new highs in metro areas across the country. In July, the median rental price in the US was $1607—a 9.8 percent increase from July 2020.
And not only are rental prices increasing, but they’re increasing to the point that, in many areas, renting is now more expensive than owning. With a median rental price of $1607, rent is now 15.5 percent more expensive than mortgage payments for a starter home in 24 of the 50 largest metro areas.
The Takeaway:
So, what does this mean for you? If you’ve been putting off buying your first home because you’ve thought renting is cheaper, it may be time to reexamine that logic. Depending on where you live, there’s a good chance that buying a home may actually be more affordable than your current rental.
