Expert: Buying or renting depends on your situation

Author: Nancy Semon, Gulfshore Business
Published: Updated:
Credit: Getty Images

While real estate agents may tell first-time buyers that now is the time to purchase a home, a Florida Gulf Coast University professor says it all depends on the individual’s situation. 

Shelton Weeks, Lucas professor of real estate and director of the Lucas Institute for Real Estate Development and Finance, is asked a lot by students whether they should rent or buy. 

“If they have a stable job and will be here for four to five years or more, then it makes sense to take the next step,” he said. 

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