Buying a Home is 36% Less Expensive Than Renting in Cape Coral Florida

By
Real Estate Agent with Keller Williams Realty of Fort Myers & The Islands Broker BK3099912
https://activerain.com/droplet/4QSH

 


 

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

 

The updated numbers actually show that the range is an average of 5% less expensive in Orange County (CA) all the way up to 46% in Houston (TX), and 36% Nationwide! Other interesting findings in the report include: Interest rates have remained low and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation.

 

 Mortgage rates rise, due to the strengthening economy. Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying – and rates haven’t been that high since 1989.

Bottom Line: Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, Lets talk about GETTING YOUR PRE APPROVED TO BUY and  how we will find your dream home together!

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 Listing and Selling Southwest Florida Homes, Condos Waterfront & Luxury Homes!

 

 

Joe Kendall BROKER "Broker Joe"

Keller Williams Realty Fort Myers & The Islands,

16 years of experience to offer You!

Fort Myers / Fort Myers Beach / Cape Coral / Bonita Springs / Naples/ Sanibel Island 

Search all the homes for sale located in Southwest Florida here

Phone 239-560-0726

Email BrokerJoe@Me.com  

 

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Topic:
Home Buying
Location:
Florida Lee County
Groups:
Agents who want REFERRALS!
Cape Coral Florida Real Estate
Florida Realtor® Network
ActiveRain Network Referral Base
Tags:
selling
leasing
renting
buyer agency
cape coral

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