In its quarterly report, Fannie Mae reported that 73% of surveyed people believe that this is a good time to buy. 48% of respondents reported that they believe that rental prices will go up, and on average they expect rental prices to go up by 4.1%.
This is the highest level of consumer confidence in over a year, reports Keeping Current Matters.
It's becoming more and more obvious that buying a home is a better financial decision than renting. 84% of the general population believes that buying a home makes more sense than renting one.
Is buying a better emotional decision, also? We think so - owning your own home provides security and stability that renting can't provide. Home ownership allows you control over your living space that renting doesn't offer.
If the time is right for you to own your own home, call us and see how our experience can help make your transition smooth.
~ Wayne & Jean
Union County, NJ - a great place to live and work!
All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully.