Whether you are renting an apartment, a house, or want to expand your living space to a larger home, even downsize—now is the time to buy! Why? Why not? Mortgage rates have hit a record low in the last thirty years!
In fact, a recent article in the Detroit Free Press claims that housing prices in the metropolitan Detroit area have risen 2.7% over a one year period. If that’s not enough reason to jump on the “Buy Now” band wagon, what is?

The Midwest has the highest homeownership rate in the country, at 70.3%, while Washington, D.C. and New York have the lowest at 54.4%. Nevada and California hover around 60%. Rentals seem to be the most common housing option there.
But rental vacancies are also on the rise – and there are good reasons for that. First, equity! You are investing your money in property rather than lining the pockets of a landlord. Second, a stable neighborhood allows you to socialize better, with residents looking out for each other’s houses. Apartment living can’t guarantee that.
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