Right about now, you may be saying to yourself ‘ERA is a global network of real estate offices. Of course they’re going to tell me that owning a home is better than renting.’

Well, almost always. ERA has been successful at helping to bring home buyers and sellers together precisely because most people find the notion of owning their own home compelling for a wide range of reasons, both financial and emotional. That’s why home ownership rates in America have remained at a near-record level of just under 70% for the last several years, and why home ownership continues to be a core component of achieving the American Dream.

Renting can make sense for lots of folks, particular those who plan to stay in an area for a short time. You’re the ultimate authority when it comes to knowing whether home ownership is right for you; the following is some food for thought that we believe can help you make an informed decision.