Real estate economist offers alternatives that can help hopeful homeowners as they wait out pricey market
JACKSONVILLE, Fla. — The market is always changing. Just a week ago we heard from one real estate economist who said the pace of rising home prices has calmed at least somewhat. Still, prices aren’t coming down and they’re not expected to any time in the foreseeable future, which has many hopeful homeowners resigned to renting for the time being.
But Ken H. Johnson, real estate economist and professor at Florida Atlantic University, assured in a recent interview that those on the sidelines don’t have to stand still. More to the point, Johnson says they shouldn’t.
“On average, people are better off renting and reinvesting,” Johnson said of current…