JULY 2021 Whether you own a home or are looking to buy or sell one, here are some useful tips, ideas and advice. When you're ready to make your move, give me a call or drop me a line. DAVID BURKE REALTOR® | Lic# DRE #01426860 (760) 250-2570 | iListHouses.com 73-700 El Paseo Palm Desert, CA 92260 HOMEBUYER'S ADVICE Is It Cheaper to Rent or Buy? Home prices are going up, but in some areas of the country, it may be cheaper for you to save money for your own home by renting another year. According to Move.com , renters can save thousands on a lease in the nation's largest tech hubs, compared to pre-pandemic prices. In February 2021, the U.S. median rent, which is calculated by averaging the median rent of the 50 largest metros, was up 0.6% to $1,452, well below its pre-COVID growth rate of 3.2%. Meanwhile, the median mortgage payment, reports TheBalance.com , was $1,100 in 2020. Monthly mortgage payments are based on the loan amount, interest rate, and the term, typicall