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5 reasons it's smarter to buy than rent
In todays environment of record low interest rates and prices hitting market bottoms, there is no better time to purchase a home than right now.  Most renters can get into a home for less than what they are paying currently for rent.  The Traverse City real estate market is no different.  If you have been thinking about a home purchase, give us a call and we can guide you through the process to see if it is the right decision for you and your family.
 
One of the biggest myths in the real estate industry is that it is cheaper to rent than to buy. In 71 percent of the cities in the U.S., owning is now currently cheaper than renting.
 
In 2011, 1.4 million new households entered the rental market due to foreclosures and demographics -- i.e., the 80 million members of Gen Y are at their prime time for starting new careers, getting married and having kids. At the same time, the number of new homes being built has dropped substantially. As a result, the demand for rental properties has skyrocketed.
 
Many experts are predicting that rent increases will run as high as 5 to 10 percent ... more

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