Salvador Cortez at Absolute Mortgage Group Inc.
Salvador Cortez
Absolute Mortgage Group Inc.
Phone: (916) 668-0043
Email: [email protected]
NMLS# 1813194
Company NMLS# 1874315
Home
site.enter("0") onMouseLeave= className= > Loan Programs Home Purchase
Refinance
Forgivable Equity Builder Loan
Contractors
Mortgage Calculators
site.enter("1") onMouseLeave= className= > Resources Loan Programs
Loan Process
Mortgage Basics
Online Forms
FAQ
site.enter("2") onMouseLeave= className= > About Testimonials
Meet Our Team
Contact
Blog
site.enter("3") onMouseLeave= className= > Events Upcoming Events
Past Events
The 2nd CA Dream for All
Apply Now
Deciding whether to buy or rent in 2025? You’re not alone! A recent report found that in most areas of the U.S., owning a home is still more affordable than renting a three-bedroom home . While both renting and buying require a significant portion of income, homeownership remains the better long-term investment for those who can secure financing and a down payment.
- Homeownership Takes a Smaller Portion of Income – In nearly 60% of U.S. counties , the monthly costs of owning a single-family home consume less income than renting a three-bedroom property .
- Home Values Continue to Rise – While home prices have increased, so have wages in most markets . Many homebuyers are building equity instead of spending on rising rent costs.
- Rent Costs Are Climbing Faster Than Home Prices in Many Areas – In places like Houston, TX, Columbus, OH, and San Antonio, TX , rent is outpacing home prices, making ownership an even smarter move.
Best Areas for Homeownership:
- The Midwest and South are where buying is the most affordable , with 80% of counties in the Midwest and 60% in the South showing that homeownership is the better deal.
Cities Where Buying is the Best Option:
- Suffolk County, NY – Owning costs 59% of local wages , while renting takes 159%
- Naples, FL – Owning costs 79% of wages , renting costs 127%
- Chicago, IL – Owning costs 31% , renting costs 36%
Best Areas for Renting:
-The West Coast stands out as the one region where renting is the better financial choice. In about 80% of western counties , rent is a more affordable option than buying.
Cities Where Renting is the Better Option:
- Oakland, CA – Renting costs 48% of wages , while owning takes 87%
- Honolulu, HI – Renting costs 64% , while owning takes 103%
- San Mateo County, CA – Renting costs 31% , while owning takes 69%
- Equity Growth – Unlike rent, homeownership helps you build wealth over time. You’re investing in your future instead of paying your landlord’s mortgage.
- More Stability – Rents can rise unpredictably , while owning a home gives you financial stability with fixed mortgage payments.
- Tax Benefits – Homeownership can provide tax deductions that renting does not.
- Long-Term Savings – While down payments may seem like a hurdle, homeownership pays off in the long run compared to renting.
- In most of the country, homeownership is still more affordable than renting.
- The Midwest and South offer the best affordability for buyers.
- If you’re in the West, renting might be the better short-term option, but long-term homeownership still wins.
- Building equity and gaining financial stability make homeownership a smart investment.
Thinking about buying a home in 2025? Let’s explore your options and find the right mortgage solution for you!
#BuyingVsRenting #HomeBuying2025 #HousingMarket #Homeownership
Source: ATTOM Data
We've been helping customers afford the home of their dreams for many years and we love what we do... Company NMLS: 1874315 Personal NMLS: 1813194 NMLS Consumer Access
1942 Del Paso Road, Suite 130 Rm 103 Sacramento, CA 95834 Phone: (916) 668-0043 [email protected]
Legal
Privacy Policy
Accessibility Statement
Site Map
Loan Programs