Tuesday, March 11, 2014
Buying A Home Is Now 38% Cheaper Than Renting
Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas according to Trulia TRLA -0.67%’s latest Winter Rent vs. Buy report. Rising mortgage rates and home prices have narrowed the gap over the past year, though rates have recently dropped and price gains are slowing. Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally, versus being 44% cheaper one year ago.
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Source: Trulia Contributer (www.forbes.com)
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