Newsroom Listing - BHJ
The traditional spring homebuying season is expected to be one of the best ever, but consumers in much of the country should give more thought to renting a home rather than owning one.
As the cost of housing continues to soar, deciding whether to buy a home or rent one is a virtual toss-up in many parts of the country.
Lingering issues involving supply chains and the employment outlook are contributing to widespread economic uncertainty, but the U.S. housing market bucks that trend as it continues to sizzle during the COVID-19 pandemic.
Home prices are escalating quickly in Dallas and a handful of other U.S. cities where consumers would be better off financially by renting and reinvesting the money they would otherwise have spent on homeownership.
Renting a home and reinvesting the money that would have been spent on owning has been the better way to build wealth, on average, for several years.