Recent studies have compared the differences of buying versus renting. It says the US housing market is moving closer and closer into buying territory. This is supporting the belief at buying a home remains a good investment.
The study looks at the entire housing market in the country. It then selects 23 major cities for detailed comparisons. It shows that there is a relationship showing the financial and personal world. There is a correlation between investments in stocks, bonds etc and building the equity in a home which are very, very similar over a period of time. In 23 Metropolitan markets examined – Dallas, Denver and Houston the study is showing that it’s better to rent in those three markets. But in the rest of the country, buying is absolutely the better option.
Buying a home is something that makes total sense, both for financial and for social reasons. This is because the rental market is predicted to have a substantial increase over the next year. By purchasing you are living in your house, and you have fixed housing costs with a mortgage payment.