Buy Now? Or Rent?

If you’re thinking of investing in a house now or wondering whether you should wait, here are three important things to consider: 1. Renting vs. Buying. If you rent a home, it could cost you less each month...and you might have more money to invest in other endeavors. But if you put your money in a low-interest money market fund, generally you will not earn as much as if you had invested your money in a house. Rents have been rising so you might buy for less than rent? 2. Housing Prices and Interest Rates. You may be waiting for the housing prices in your area to fall. My opinion is home prices have hit the peak or close to it. Interest rates are near the bottom as well, currently hovering in the low 3% range. 3. The Break-Even Point. The average break-even point for buying and selling a house is generally five to seven years. If you plan to move before then you may want to seek professional advice before purchasing property if you want to realize a profit on your investment.