5 first-time homebuyer lies that are hurting the market

  • The fact is: there’s more value in owning a home than renting, and now is a good time to buy as people are spending a smaller percentage of their income on home payments than 30 years ago and interest rates are low.

Numerous articles have been written proclaiming that it’s cheaper to rent than it is to buy, that today’s high prices are preventing first-time buyers from purchasing and that millennials aren’t nearly as motivated to purchase homes as the baby boomers were.