04
Apr
11

Buying vs. Renting is it Cheaper?

Research conducted by Trulia.com finds that buying a home is actually cheaper than renting in 36 of the country’s top 50 markets, and it’s about break-even in most of the others.

The company said its study showed that only in New York, Seattle, Kansas City, and San Francisco is it cheaper to rent then buy.

“Since the start of the recession, for many former homeowners have flooded the rental market.  Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets,” said Pete Flint CEO and co-founder of  Trulia.com  The study was based on the cost of renting or buying a two-bedroom.

Amazing facts, it is certain that being a homeowner is very rewarding!

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Jennifer Ferri, Owner

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