According to Zillow's most recent Rent v Buy survey in more than 60% of the real estate markets across the country it's cheaper to buy a home than to rent a comparable one.
Even with home prices increasing year over year, low interest rates make this possible. How long this anomaly will last, is anybody's guess but now smart first time home buyers across the country are taking advantage of these favorable conditions and making that commitment.
Check out the interactive map, it will let you see the "break even" point in your local market and compare it to others across the country. Hint: In most it's three years or less.
We have helped countless first time home buyers make the right Rent v Buy decision and they all have one thing in common, they contacted us.
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