The last 18 months changed what many buyers are looking for in a home.
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Today’s housing market is truly one for the record books.
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A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting.
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Some Highlights

Today’s strong sellers’ market is the direct result of high demand and low supply.
Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply.
If you’re thinking of selling, work with a trusted agent to understand your local area and how you can take advantage of today’s housing market.

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The financial benefits of buying a home versus renting one are always up for debate.
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There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market.
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Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate.
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Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers.
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Some Highlights

When deciding whether you should rent or buy, make sure you’re considering these factors.
Buying a home means consistent monthly payments. Homeownership also helps to build your wealth. And owning a home gives you greater flexibility than renting.
If you’re ready to take advantage of the perks of homeownership, talk to a trusted real estate professional to explore your options.

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Homeownership is still a crucial part of the American dream.
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