5 Financial Reasons To Buy A Home Today

Consider this: 

Homeowners are worth 30x’s more than renters.

High demand and short supply in the rental market have driven rates up nationwide. Shaun Donovan, Secretary of Housing & Urban Development, says “We are in the midst of the worst rental affordability crisis that this country has known.”

Long Island is particularly challenged with only 21% of households living in rentals compared to healthier rental markets at 33% and 37% in Western Connecticut and the Hudson Valley, respectively. 

With decreased affordability and a short supply of attractive rental options, buying a home may be your next best investment.

Still uncertain if you should make the change from renter to homeowner?

Check out these 5 Financial Reasons To Buy A Home Today:

 

If you have any questions about buying a home on Long Island, reach out to our office to talk with a real estate professional about your unique needs and concerns.

Resources:

Keeping Current Matters

New York Times

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