[But a weak economy also means job loss and relocation are more likely.] Mortgage rates have dropped, yes, but a weak economy means people lose jobs or feel insecure in their jobs. Some potential buyers may end up backing off from a purchase, ... When the economy picks up after a slowdown, interest rates usually rise, but that doesn't stop people from buying. |
If you can find a place to rent that's close in quality to something you'd buy, the cost of renting tends to be slightly less. |
Mortgage rates have dropped, yes, but a weak economy means people lose jobs or feel insecure in their jobs. Some potential buyers may end up backing off from a purchase. When the economy picks up after a slowdown, interest rates usually rise, but that doesn't stop people from buying. |
There are many advantages to owning your home - but we do think that sometimes the advantages to renting are overlooked. Neither owning nor renting is the right choice for everybody at all points in their life. |
This may reflect the widely predicted cooling of the condo market in some parts of the country. |
When you buy, you'll put down a large chunk of your savings upfront, which is also money you now can't invest anywhere else, |
When you buy, you'll put down a large chunk of your savings upfront, which is also money you now can't invest anywhere else. |