Why Buying Makes More Sense than Renting in Some U.S. Markets
Posted by Richard Soto on
With today’s historic-low interest rates and real estate more affordable than it has been in years, now may be the time to consider whether it makes sense to rent anymore.
In fact, according to data collected by Trulia’s Rent vs. Buy Index, which gathers information on asking prices for rental units and homes across the country, it is now more affordable to buy than rent in a whopping 98 out of the 100 largest metropolitan areas in the country. Even the largest markets of New York, Los Angeles and Boston are kinder to home buyers than renters.
Homeownership is More Affordable than Ever
Rent prices continue to rise across the country or, at the very least, remain stagnant, while homeownership is becoming more affordable than ever. Although this…
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