Homeownership has long been associated with The American Dream. As home prices recover from the crash of 2008 and wages continue to largely stagnate, many wonder if buying a home now makes financial sense. On one hand, home ownership is a good way to build wealth. In fact, many people have a majority of their wealth tied up in home equity. Making monthly mortgage payments toward a property you'll eventually own is one way to effectively force yourself to save. On the other hand, mortgage payments are usually quite a bit higher than rent, and that difference could be directly invested into something else (e.g. stocks, bonds, etc.). If you own a home and need to relocate for any reason, you'll probably have to sell your house before you can get a new one. There's no one size fits all answer to home ownership. Whether you should buy a home or rent depends on your income, your location, your goals and other personal circumstances. WinningWallet.com's tools and articles were designed to help you weigh the pros and cons and to make and informed decision yourself.
Homeownership Calculators and Tools
Home Price Map
The 3 most important factors that determine real estate prices: location, location and location. See how much housing costs where you live now, or where you'd like to live in the futureGet Started
8 Things That Can Affect Your Mortgage Rate
Homeownership as an Investment