Rent vs. Buy: What Should You Do?
The market finally appears to be cooling down after a nearly unimaginable rise in home prices — the average home cost almost 40% more in May 2022 than in May 2019. But questions remain: What if the cooling off turns into a housing crash? Is this a good time to buy a home — or is renting smarter than buying right now? If you’re contemplating a move amid all the uncertainty, read on for a look at the rent vs. buy dilemma — and some tips for how to decide which option is best for you.