Making sense of the market: Should you buy new, buy existing or lease a home?

Homeownership is part of the traditional American dream, but for many families and individuals, it makes more sense to lease a single-family home rather than to make a long-term commitment. Professionals in homebuilding, buying and renting have identified potential considerations that homeowners should take into account.

Making sense of the market

Making sense of the market

Mortgage versusĀ rent payments

The U.S. Census Bureau tracked the median monthly housing cost of mortgage holders and renters from 2011 to 2015.

Median owner cost with a mortgage: $1,492

Median gross rent: $928

By Vanessa Holt
A resident of the Houston area since 2011, Vanessa began working in community journalism in her home state of New Jersey in 1996. She joined Community Impact Newspaper in 2016 as a reporter for the Spring/Klein edition and became editor of that paper in March 2017 and editor of The Woodlands edition in January 2019.