You’ve probably asked yourself lately: Is it even worth trying to buy a home right now?
With high home prices and mortgage rates, renting can seem like the safer choice. Or maybe even your only choice. That’s a very real feeling. You should only buy a home when you’re ready and able to do it, and if the timing is right for you. But here’s the thing you need to know about renting.
While it may feel like a safer bet today – and in some areas might even be less expensive each month – it can really cost you more over time. A Bank of America survey found 70% of aspiring homeowners worry about what long-term renting means for their future. And they’re not
wrong. While owning a home may seem way out of reach, if you make a plan now and steadily
work toward it, homeownership comes with serious long-term financial benefits.
Homeownership Builds Wealth Over Time
Buying a home isn’t just about having a place to live – it’s a step toward building your future wealth. Why? Home prices typically rise over time, which means the longer you wait, the more expensive it is to buy. And even in some markets where home prices are softening today, the overall long-term trend speaks for itself (see graph below):
read more…Click here to download the complete Home Buyers Guide Fall 2025
