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Attention Buyers!!! It is Officially CHEAPER to Buy than Rent!!!!

By
Real Estate Agent with Top Agents Atlanta Metro

WOW, it is cheaper now to buy than to rent in 72% of the 50 largest cities in the United States.  In only 4 of the largest cities does renting make sense.  With the low cost of homes and the low interest rates, this is an historic opportunity for buyers that may not last long.  The existence of a combined lower interest rates and low home prices may not be seen again in our lifetimes!!!

Real Estate MoneyThis shift has come about because of the large number of former homeowners unable to buy and who lost their homes either because of foreclosure or short sales have entered the rental market.  The increasing number of renters has driven up the price to rent a home in these markets and the low interest rate and home prices are making homes more affordable.

For more information on the calculations used in this study and the study as it relates to your local market, check the news release from Trulia click here

For a copy of the list of cities click here

 

Free Photo Courtesy of www.photos8.com

 

David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

I had heard about this.... Thanks for posting! - David

Feb 11, 2011 07:30 AM
Tish Lloyd
BlueCoast Realty Corporation - Wilmington, NC
Broker - Wilmington NC and Surrounding Beaches

Mary ~  Great post -- had to lean on the button.  Now if we could only get those Renters who were destroyed by this absurd economy, qualified -- well, wouldn't that go a long way toward upholding the American Dream.

Feb 11, 2011 09:18 AM
'The Diamond Group' 'A Cut Above The Rest'
The Diamond Group @ Keller Williams - Lubbock, TX
Lubbock Texas Real Estate

Mary, good post; it is certainly a good opportunity to buy too.

Feb 11, 2011 02:18 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Definitely a great post with valuable information for all who are considering purchasing homes!

Mar 04, 2011 05:42 AM
Robert Hammerstein -
Christie's International Real Estate - Hillsdale, NJ
Bergen County NJ Real Estate

Mary - An interesting and positive post.. Good to know about your area... ummm looks like you have a few spammy comments above btw... Best of luck and success to you...

Jun 01, 2011 06:39 AM