To buy or to rent … that is the question!
Although inventory is 21% down since the start of the COVID-19 pandemic, home-buying remains a better investment over time.
The National Association of Realtors recently released its February 2022 numbers showing that the cost of renting a home in Florida increased by 55%. In contrast, the average listing price of homes increased by 23% over the month prior. This means not only are potential buyers paying more for their future homes, but they’re also paying more to continue renting.
Inventory plays a significant role in the market, too. Though it remains low—down 21% over last year—The FurBaby Group at True Floridian Realty Broker Associate Adrianne Kurman recommends staying on the home-buying course.
Hear from her and other industry experts in this evening’s CBS12’s Eye On Money report.
If you’re interested in selling a house or buying your future home, let True Floridian Realty’s TRUE experience move you! Contact us today.
