All Posts Tagged: first-time homebuyer
In the Market: Where renting may be more favorable
This feature is a real estate news and information roundup from a millennial’s point of view. When a young professional moves from Indianapolis (median home price $125K) to San Francisco (median price $1 million), you can expect an adventure. Nneka Madus, an analyst in Bank of the West’s Mortgage Division, did just that and has plenty to share in her quest to own a home in San Francisco.
Buying a home is a dream for many people. It’s also a big financial decision. There are many factors to take into consideration when buying a home — how long you’ll be staying, how much income you’ll generate, and the cost of any of life’s many expenses. Bob Bryan’s article in Business Insider suggests that in the buy-vs.-rent comparison, sometimes renting makes more financial sense than buying. Bryan looks at several U.S. cities where the numbers may favor renting.
