The difference between the cost of buying and the cost of renting used to be fairly close. More recently, the gap has widened, and the choice has become obvious. The percentage of income required to afford renting a median priced home has increased to 30%, and that needed to afford buying a median priced home has dropped to 15%. Before renewing your lease again, find out if you could use your housing cost to own your dream home in Greenwood! If you would like more information, please visit our website or contact us at (864) 341-7774 or lakegreenwoodproperty@gmail.com to discuss your next steps.