buying or renting home in 2022 in united states

Buying or renting a house what is economical for Americans in 2022?

The mortgage rate are high in America and it is eating in to purchasing power of American home buyers

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The mortgage rate is high because of the federal bank raising its interest rate

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The raise on interest rate by the fed is its response to control the high inflation in America

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The demand for home from the standpoint of buying the property is decreasing

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Added to that there has been increase in inflation in almost all essential condition plus there is increase in mortgage rate

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So the demand for buying home property has come down at the same time people are renting more

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The increase in demand for renting is driving up the rate of renting residential properties high

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There is situation of concern from the seller standpoint as the USA today reported that one in five sellers had to take pricecut

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