ShareThisHomeownership Beats Renting in 3 Out of 4 U.S. Cities!
Trulia examined the cost of renting versus buying in America’s 50 largest cities and found that buying is more affordable in 72% of major cities. Three reasons buying a home has become more affordable in 72% of major cities than renting . 1. Rental prices have increased. The rental market has become flooded with homeowners who have lost their homes because of foreclosure and short sales. 2. Home prices have decreased back to 2005 prices. 3. Low interest rates. With this combination homeownership has become more affordable in a lot of areas. That is why now is a good time to buy!
Leave a Comment