Prefer to Rent or Own

[flip_it_fast]

When the housing market went sour many people turned to renting vs buying a home. They were afraid of what was happening and scared that it may happen to them as well. Apartments and houses for rent got filled up pretty quickly. That trend seems to be changing though and thats a good thing for the market.

The cost of rent seems to be on the rise in most areas and yet home prices are still low. People are beginning to buy again.

Thats what the market needs. It needs buyers. It needs people who have been paying rent and know that they can take that money and instead put it towards a home of their own. It needs people who can afford to buy to now take that step.

There for a long time more people were renting than people buying. Experts believe that ratio will do a flip by the end of this year.