Tracy, CA — Should I rent or should I buy a home in 2015?
Today a new study came out showing the advantages of buying a home vs renting one. Some advantages are subtle some are obvious.
Stephanie McCleskey, Axiometrics vice president of research, commented on the above report in an article by Real Estate Economy Watch:
“Rent growth is just shy of the post-recession peak, and the June metrics reflect the continued strength of the apartment market. The demand for apartments is still strong, despite the record number of new units being delivered this year. Tight occupancy is why landlords can push rents higher.”
You can see the full report here “Buy Vs Rent”
Here is a photo that shows where rent has gone in recent years. Currently in Tracy, CA the rental market is very difficult for tenants to even find a property to rent.
Should you be buying a home in Tracy CA, or renting?
There are 19 homes in Tracy that are under the FHA limit of $317,000. In most cases your investment in yourself (your mortgage) will be less than you are paying for rent.
This link will let you view the listings that are available TODAY. I’m happy to set up a customized search for you. Just let me know what your dream home looks like, and we will start shopping.
Remember, you’re always paying someone’s mortgage, either yours or your landlords. Call me today and start investing in yourself.
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