Rent or buy? It’s the modern-age-old housing question. Lately, the scales have tipped, and it’s in favor of buying.
The news comes from the latest national index from Florida Atlantic University and Florida International University. The research shows that “the United States housing market as a whole is moving deeper into buy territory, suggesting that, on average, residential housing markets around the country are sound.”
We’ve seen significant growth in the real estate market over the past year. Across the country, average home prices increased 5.4 percent since March 2015. Some contributing factors include a recovering economy, stronger job market, and improved consumer confidence. Meanwhile, rents continue to rise. It’s no wonder “buy” is the answer for more Americans.
Individuals are finding another incentive to buy: investment.
“In terms of wealth creation, the U.S. housing market, when considered as a whole, has swung marginally more in favor of home ownership over renting a comparable property and investing monthly rent savings in a portfolio of stocks and bonds.”
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If you’re interested in Sanibel real estate–whether you’re buying, selling, or just looking–contact one of our knowledgable Sanibel realtors, search our MLS for available properties, or get in touch with our office at 239-272-2411 for general inquiries. We’re also more than happy to help you find the Sanibel realtor that’s the right fit for you.
Source: In the buy vs. rent battle, 'buy' is winning
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This article is provided by John R Wood Properties, a full service Sanibel Island real estate agency made of people who love where they live as much as what they do. With local knowledge and decades of combined experience, our Sanibel and Captiva Island realtors are passionate and dedicated to exceeding your real estate needs.
About the author: Nina Rogers is a writer, designer, and illustrator who grew up on Sanibel Island. As a Communications Content Manager for John R Wood Properties, Nina enjoys keeping people updated with the latest in local news and Sanibel real estate.
