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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.
If you’d like expert guidance on exploring your homebuying options while affordability is high, reach out to a real estate professional at The Benner Group.
This article was adapted from the original.
Source: https://www.keepingcurrentmatters.com/2020/08/28/the-cost-of-renting-vs-buying-a-home-infographic-4/
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