[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3b1x7863cfwpd":3,"$ffeh0925h8cuz":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":25,"updatedAt":26},15513,"should-baby-boomers-buy-or-rent-after-selling-their-houses","Should Baby Boomers Buy or Rent After Selling Their Houses?","\u003Cp>Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change?\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230912\u002F20230913-Should-Baby-Boomers-Buy-or-Rent-After-Selling-Their-Houses.png","\u003Cp>Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change? If you’re thinking about \u003Ca href=\"\u002F2023\u002F09\u002F04\u002Fwhy-its-still-a-sellers-market-today\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">selling your house\u003C\u002Fa>, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to \u003Ca href=\"\u002F2023\u002F09\u002F07\u002Fget-ready-for-smaller-more-affordable-homes\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">downsize\u003C\u002Fa> or do you want more space to accommodate your loved ones? But maybe the biggest consideration boils down to this – will you buy your next home or choose to rent instead?\u003C\u002Fp>\u003Cp>That decision ultimately depends on your current situation and your future plans. Here are two important factors to help you decide what’s right for you.\u003C\u002Fp>\u003Ch4>\u003Cstrong>Expect Rents to Keep Going Up\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>The graph below uses \u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fhousing\u002Fhvs\u002Ffiles\u002Fcurrenthvspress.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">data\u003C\u002Fa> from the \u003Cem>Census\u003C\u002Fem> to show how rents have been climbing steadily since 1988:\u003Ca href=\"\u002Fcontent\u002Fimages\u002F20230912\u002F20230913-Median-Asking-Rent-Since-1988.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230912\u002F20230913-Median-Asking-Rent-Since-1988.png\">\u003C\u002Fa>Rents have been going up consistently over the long run. If you choose to rent, there’s a risk your rental payment will go up each time you renew your lease. Having a higher rental expense may not be something you want to deal with every year.\u003C\u002Fp>\u003Cp>When you buy a home with a fixed-rate mortgage, it helps stabilize your monthly housing payment.\u003Cstrong> \u003C\u002Fstrong>This allows you to lock in your monthly payment for the duration of your home loan. That keeps your payments steady and predictable for the long haul. \u003Cem>Freddie Mac\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fmyhome.freddiemac.com\u002Fblog\u002Fhomebuying\u002Fshould-inflation-change-your-homebuying-plans\" rel=\"noopener noreferrer\" target=\"_blank\">sums\u003C\u002Fa> it up like this:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“. . . \u003C\u002Fem>\u003Cstrong>\u003Cem>homeowners with fixed-rate loans will see little to no change to their monthly housing cost over the life of their loan\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>. You can be confident in knowing that your mortgage payments won’t change much in the long term, even when life’s other costs do.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Ch4>\u003Cstrong>Owning Your Home Comes with Unique Benefits\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Ca href=\"https:\u002F\u002Fwww.aarp.org\u002Fbrandamp\u002Fanywhere-buy-instead-of-rent.html\" rel=\"noopener noreferrer\" target=\"_blank\">According\u003C\u002Fa> to \u003Cem>AARP\u003C\u002Fem>, buying your next home is a better long-term strategy than renting:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“Though each option has pros and cons, \u003C\u002Fem>\u003Cstrong>\u003Cem>buying provides more pros, with a broader range of benefits\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>To help you choose what you’ll do after you sell, here are just a few of the benefits of homeownership that article covers:\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cstrong>Owning your home can help you \u003C\u002Fstrong>\u003Ca href=\"\u002F2023\u002F08\u002F15\u002Fequity-is-a-game-changer-for-homeowners-looking-to-sell\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cstrong>save money\u003C\u002Fstrong>\u003C\u002Fa>\u003Cstrong> for the future.\u003C\u002Fstrong> Your home, and the \u003Ca href=\"\u002F2023\u002F09\u002F11\u002Fplanning-to-retire-your-equity-can-help-you-make-a-move\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">equity\u003C\u002Fa> you build as a homeowner, can provide generational wealth that could be passed on to loved ones, giving them a better life.\u003C\u002Fli>\u003Cli>\u003Cstrong>You might not have to pay a monthly mortgage payment at all.\u003C\u002Fstrong> If you have enough equity to \u003Ca href=\"\u002F2023\u002F09\u002F01\u002Fhomeowners-have-a-lot-of-equity-right-now-infographic\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">buy\u003C\u002Fa> your next home outright, you wouldn’t have a monthly mortgage payment. While you might still need to cover property taxes or maintenance fees, not having to worry about a monthly mortgage payment could be a big relief.\u003C\u002Fli>\u003Cli>\u003Cstrong>Aging in place can be simpler.\u003C\u002Fstrong> If your needs change, owning your home gives you the freedom to make renovations and updates that can make everyday life easier.\u003C\u002Fli>\u003C\u002Ful>","\u003Cp>If you're a baby boomer who’s wondering whether you should buy or rent your next home, let’s \u003Ca href=\"\u002F2023\u002F08\u002F23\u002Fwhy-you-need-a-true-expert-in-todays-housing-market\u002F\" rel=\"noopener noreferrer\" target=\"_blank\">connect\u003C\u002Fa>. With rents going up and homeownership providing so many benefits, it may make sense to consider buying your next home.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230912\u002F20230913-Median-Asking-Rent-Since-1988.png",false,[17,21],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},53,"Rent vs. Buy","rent-vs-buy","2023-09-13T10:30:00Z","2023-09-13T10:30:03Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},15510,"what-experts-project-for-home-prices-over-the-next-5-years","What Experts Project for Home Prices Over the Next 5 Years","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230911\u002F20230912-What-Experts-Project-for-Home-Prices-Over-The-Next-5-Years.png","2023-09-12T10:30:00Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},15511,"why-is-housing-inventory-so-low","Why Is Housing Inventory So Low?","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20231010\u002F20230914-Why-Is-Housing--Inventory-So-Low.png","2023-09-14T10:30:00Z",{"cover":40,"open":41,"shareSpread":42},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[44,48,49,53,57,61,65,69,73,77,81,85,89,93,97,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},6,"For Sellers","sellers",{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":66,"name":67,"slug":68},11,"First-Time Buyers","first-time-buyers",{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":78,"name":79,"slug":80},38,"Move-Up","move-up",{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":22,"name":23,"slug":24},{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]