Source: Newsweek —
There are many reasons why you might be looking to sell your home—upgrading from your first property, moving across the country, or simply starting afresh.
However, with mortgage rates rising across the U.S., pricing many first-time buyers out of their dream properties, and worries regarding an economic recession, current homeowners may be questioning if now is the right time to sell.
Depending on your current financial standing, your career, and your local housing market, you may be better off renting out your old home rather than selling it.
There are pros and cons to holding on to your property: a passive income could help boost your finances, but there are additional costs if you take on the role of landlord.
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