Renting vs. Buying: What’s Best for Your Future?

Debating whether to keep renting or take the leap into homeownership? You’re not alone! A recent Bank of America report shows 70% of renters worry about missing out on building equity and facing rising rents.

Why Buy?
Owning a home turns your monthly payments into an investment. Data from HUD and the Census show home prices tend to rise over time, helping homeowners build equity and grow their net worth. No wonder 79% of buyers see homeownership as a smart financial move (NAR).

The Cost of Renting
While renting may seem easier now, rents continue to climb, making it harder to save for a future home. Unlike a mortgage, rent payments don’t build wealth—they just help your landlord.

Bottom Line
If you’re financially ready, buying a home can set you up for long-term success. Take control of your future—homeownership is an investment worth considering.