«While the
increase in the cost of materials may temporarily hang up some loans for new
homes, as
home prices increase in the coming months, they'll
offset the
increase in the cost of materials,» said Lynn Fisher, vice president of research and economics at the Mortgage Bankers Association.
While these expenses may have paid themselves off over time, making wise investments as a renter can also
offset the cost of not buying a
home, including the average inflation rate and general
increase in home prices.