Buying vs. Renting A Home - News and Weather For The Quad Cities -

Buying vs. Renting A Home

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To own a home or to rent one is the question many face, but Tyler Fuhr with ReMax Realty says the most popular choice might surprise you.

"You can buy that 130- thousand dollar house for cheaper then you can rent, " said Tyler Fuhr.  "The real estate market over the past five to seven years has gone through some turbulence which could have scared some buyers away. It probably created a lot of uncertainty in potential buyers mind like, 'if I buy, will the market go down' or it could have affected people's credit situation where they might not have had good enough credit to buy."

Which in turn lead to a trend of more people renting.  Fuhr said traditionally it's been more expensive to buy a home than to rent one, but for landlords, increased rent has been all about supply and demand .  He says overall, things are looking up for the Quad Cities housing market and that we should expect to see more people buying homes soon.

"The landlords are going to charge what they can get. They'll charge what the market will pay," said Fuhr. "With the economy coming back and interest rates being as low as they are.  It just makes sense to buy a house if you have job stability and you're going to live here for a few years."

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