Historically, the choice between renting or buying a home has been a close decision.
Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!
Nancy Puder is a real estate broker with Keller Williams Realty Central Coast. Call or Text Nancy (805)710-2415 with your real estate questions anytime. She always enjoys hearing from you! To access other articles written by Nancy Puder, go to www.nancypuderassociates.com. Readers can also email email@example.com with questions or to discuss their real estate needs.