Guide for first-time home buyers

home buying
buy vs rent
Co-Authored and Reviewed by Gagan Sandhu, MBA - The University of Chicago Booth School of Business, CEO of Xillion
Posted on . 1 min read

🏡 First-time buyers made up the smallest share of home-buying activity in the U.S., at just 26%.

For many young workers, home ownership feels unattainable — but renting forever has downsides too.

Bloomberg - Americans Need to Be Richer Than Ever to Buy Their First Home

A mortgage locks you into a fixed payment rate, while rents tend to increase every year (or over a few years) 📊

📆 Interestingly, for the first time in five years, rents have fallen for six straight months 📆 National median: ~$1,350.

WSJ - Apartment Rents Fall as Crush of New Supply Hits Market

Xillion’s Home Buying Tool will walk you through all of these considerations so you can make the smartest financial decision.

All you have to do is plug in the numbers and find out if it is sensible to invest in the property.

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