Recent statistics show that the housing market is low on inventory due to various factors, including the long list of homes with low equity, low mortgage rates, and properties that are owned by investors. Redfin Research Center claims that homes like those, including other types of homes that are not for sale anytime soon, comprise more than half of all existing homes. Simply put, the market does not have much in store for home buyers.
This could mean renting may be a better bet for a residence at least at this time. However, when deciding between renting and buying any of the available homes for sale in College Station, TX, one has to weigh his options considering many other factors. For instance, renting is not the ideal option if you’re looking to save more since you’ll end up losing what you currently have to pay off monthly rent while not securing ownership.