WHY YOU SHOULD STOP RENTING AND BUY A HOME NOW LEX LEVINRAD
re you currently renting the home that you live in? The Distressed Real Estate Institute™ recently
analyzed U.S. Department of Housing and Urban Development (HUD) data for existing single family
home sales in the U.S., going back to 1970. We applied historical real estate data to today’s real
estate market, in order to compare and analyze how a typical first time home buyer could benefit by purchasing
a home similar to the one they are currently renting today. Based on this data, along with current home prices
and mortgage rates, if you are currently renting and have decent credit, you should really think about buying a
home right now. This is especially true if you are a first time home buyer who could qualify for an FHA Loan.