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  Buying a Home May Make More Financial Sense Than Renting One Homes For Sale BrendaWynnTeam.com Berkshire Hathaway HomeServices Nevada Properties Las Vegas NV Real Estate Market Realtors near me Buying a Home May Make More Financial Sense Than Renting One If rising home prices leave you wondering if it makes more sense to  rent or buy  a home in today’s housing market, consider this. It’s not just  home prices  that have risen in recent years –  rental prices  have skyrocketed as well. As a recent article from  realtor.com   says : “The median rent across the 50 largest US metropolitan areas reached $1,876 in June,  a new record level for Realtor.com data for the 16th consecutive month .” That means  rising prices  will likely impact your housing plans either way. But there are a few key differences that could make  buying a home  a more worthwhile option for you. If You Need More Space, Buying a Home May Be Mor...

  Avoid the Rental Trap in 2022 Rental Trap: are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide whether to look for a new house or another apartment, it’s important to understand the true costs of  renting  in 2022. As a renter, you should know  rents  have been rising since 1988  (see graph below) : In 2021, rents grew dramatically. According to  ApartmentList.com , since January 2021: “ . . . the national median rent has increased by a staggering 17.8 percent.  To put that in context, rent growth from January to November averaged just 2.6 percent in the pre-pandemic years from 2017-2019.” That increase in 2021 was far greater than the typical rent increases we’ve seen in recent years. In other words –  rents are rising fast.  And the  2022 National Housing Forecast  from  realtor.com  projects prices for vacant units will continue to increase this year:...

  Rent Vs Own: 4 Things Every Renter Needs To Consider Rent Vs Own: 4 Things Every Renter Needs To Consider. As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of  benefits to homeownership  every renter needs to consider. Here are a few things you should think about before you settle on  renting  for another year. 1. Rents Are Rising Quickly Rent increasing each year isn’t new. Looking back at  Census  data confirms rental prices have gone up consistently for decades  (see graph below): If you’re a renter, you’re faced with payments that continue to climb each year.  Realtor.com  recently shared the  September Rental Report , and it shows price increases accelerating from August to September  (see graph below) : As the graph shows, rents are still on the rise. It’s important to keep ...