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Is Buying a Home Cheaper than Renting?

By Alex Charfen

Services for Real Estate Pros with Charfen Institute

July 03, 2012 08:11 AM

Last month, the Joint Center for Housing Studies of Harvard University released their State of the Nation's Housing report for 2012, which revealed a growing trend in the housing market.

From 1973 to 2008, it was cheaper on a monthly basis to rent instead own a home. However, since 2008 the affordability of owning a home has continued to decline and is actually cheaper now than renting.

Watch Alex Charfen's latest video blog to learn more about this trend in the housing market.

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Broker Patty Da Silva Da Silva

Green Realty Properties® - 954-667-7253 - Cooper City, FL

Top Listing Broker

We're seeing this a LOT down here. Our short sale sellers who start looking for rentals are shocked at how much they've gone up.

Jul 03, 2012 08:30 AM

Jim McNinch

Trademark Loss Mitigation - Spring, TX

Short Sale Specialist, Texas

With the rental price increase In Houston TX, its easy to show the cost return of home buyer over renting. We have sold a large percentage of our short sales by marketing to renters.

Jul 11, 2012 04:17 AM

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I will bookmark this post and share it with others. I agree it is cheaper to own than to rent in most parts of the country.

Jul 14, 2012 08:52 PM

Is Buying a Home Cheaper than Renting?

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