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Thirty-two percent of American households are renters, according to the National Multi Housing Council. Generally, more people younger than 30 occupy rentals, while the percentage of people who own their home increases with age, NMHC statistics indicate. People decide to buy a home for many reasons, but the recent real estate market downturn caused many Americans to rethink their assumptions about renting and owning.
Even with many real estate experts predicting the market will continue to improve, it pays to carefully evaluate how home ownership does - or doesn't - figure into your long-term financial goals. If you've been renting and wondering if it's time to apply fo...
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