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You are here: Home / Archives for stability

stability

Feb 02 2024

There’s No Foreclosure Wave in Sight

Some Highlights

  • Headlines saying foreclosures are rising might make you feel uneasy. But the truth is, there’s no need to worry.
  • If you look at the latest numbers, they’re still below pre-pandemic norms and way below what happened during the crash.
  • If you’re worried about a flood of foreclosures, the data shows a foreclosure crisis is not where the market is today and is not where it’s headed.

Written by Dr Jan Duffy REALTOR · Categorized: Housing Market Updates · Tagged: enjoy, foreclosure wave, good news, home ownership, home sweet home, homeowners, horizon, sign, stability, stay confident

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Renting can feel like the easier choice right now. There’s no big down payment. No dealing with surprise repairs. And no long-term commitment.

But then your rent goes up again. And again. And suddenly the thing that seemed flexible starts looking… expensive, especially considering you’re not building any equity. And once that happens, it’s easy to feel a little trapped in the cycle.

That’s because there’s so much chatter today about how buying a home isn’t affordable. But the truth is, the math may work out better than you’d expect based on what’s changed recently.

Buying Is More Affordable Than Renting in Many Areas 

In a lot of places today, owning a home actually costs less each month than renting a 3-bedroom home. And recent data from ATTOM shows that’s true in nearly 58% of counties across the U.S. (see chart below).

And that’s after you factor in things like insurance and typical maintenance costs. 

a blue and grey circle with white textIn other words, even though it may feel like a bit of a shock, the numbers show rent often stretches monthly budgets more than owning does. That’s thanks to slower home price growth, more homes for sale, and monthly mortgage payments starting to ease as rates come down.

Affordability Still Varies by Region

Now, even though nationally the balance has shifted, that doesn’t mean buying is more affordable in every market or for every renter.

While buying is more affordable than renting in nearly 58% of counties nationwide, that share looks different depending on your region (see graph below):

a graph of a market

The biggest improvement is happening in the Midwest and South. But if you’re living in the West, things could still feel tight.

The takeaway? How affordable buying is really depends on where you live. And the only way to know how this plays out where you live is to look at the numbers locally.

So, What’s Still Holding Buyers Back? 

Maybe you’re nodding along so far but thinking, “Okay, but I still can’t afford the upfront costs.” If that’s your reaction, you’re not the only one.

For many renters, the biggest hurdle isn’t the monthly payment alone. It’s the down payment, too.

But you’re not out of options. Here’s the part most people don’t hear enough about: there are thousands of down payment assistance programs available across the country, and many buyers qualify without realizing it.

And the average benefit? Roughly $18,000.

That kind of support can help cover part of your down payment or closing costs, which means you may not need to save nearly as much as you think to get started.

When you combine that with monthly payments that may work better than expected, especially as rates continue to ease and prices cool, buying may feel far more realistic than it looks at first glance.

Bottom Line

The point isn’t that everyone should rush out and buy a home tomorrow.

It’s that renting isn’t always the more affordable option people assume it is – and buying may be more realistic than it feels once you look at the full picture.

If you’re renting and feeling stuck in the “someday” loop, it might be worth a simple conversation with a local real estate agent or lender. Just a chance to see what’s possible and whether it makes sense for you.

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  • Four Ways Your Home Equity Can Work for You

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RSS Find a Home In Las Vegas Weekly News You Can Use

  • Renting vs. Buying: The Numbers Might Surprise You February 25, 2026
    Renting can feel like the easier choice right now.
  • How Your Equity Could Help Younger Generations Buy a Home February 23, 2026
    For a lot of parents or grandparents, watching a family member struggle to buy their first home right now is hard.
  • The Price You Set Can Make (or Break) Your Sale February 19, 2026
    There’s one decision you're going to make when you sell that determines whether your house sells quickly, or it sits.
  • The Real Reason Home Sales Slowed in January. And It’s Not What You Think. February 18, 2026
    If you saw headlines that talked about how “home sales fell sharply in January,” it probably raised an eyebrow – especially if you’re thinking about selling your house. But context matters.
  • Move-Up Buyers Are Choosing New Construction February 16, 2026
    At some point, a house that once felt perfect just… doesn’t anymore.
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