A MODERN APPROACH TO REAL ESTATE SERVICES A MODERN APPROACH TO REAL ESTATE SERVICES A MODERN APPROACH TO REAL ESTATE SERVICES A MODERN APPROACH TO REAL ESTATE SERVICES A MODERN APPROACH TO REAL ESTATE SERVICES
BROWSE BUILDINGS
More Search Options
We found 0 results. View results
SEARCH BY BUILDING
More Search Options
we found 0 results
Your search results

Buying a Home is Cheaper Than Renting Now

on January 21, 2015
| News

Buying is Cheaper than renting“Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas. In fact, buying is 38% cheaper than renting now, compared with 35% cheaper than renting one year ago. Why is the gap widening? Two reasons. First, in the past year, the 30-year fixed-rate mortgage rate has fallen from 4.8% to 4.3%. Second, rents have risen faster than prices, excluding foreclosures. Together, these trends have made buying even more affordable versus renting than it was last year.

Our Rent Versus Buy model assumes a traditional 30-year fixed rate mortgage with a 20% down payment. But there may be good reasons for financing a home purchase other ways. Consumers tell us that the main obstacle to homeownership is the down payment. For those would-be homeowners – especially first-timers without savings or equity from another home – a low-down-payment mortgage might be the only option. For others, paying all cash might give them the deciding advantage over other bidders on a house. This edition of Trulia’s Rent Versus Buy report focuses on how different types of mortgages affect the math of buying versus renting.”

Read the full article at Forbes.

  • Just Listed in Philadelphia

    %%ds_Results|{"SearchSetupID":"6","directive.ResultsPerPage":"10","directive.SortOrders[0].Column":"DateAdded","directive.SortOrders[0].Direction":"DESC","query.Cities":"Philadelphia","query.SearchSetupID":"6","requester.AccountID":"44951","requester.ApplicationProfile":"WordPressIdxModule","requester.ApplicationVersion":"5.8","requester.ClientIpAddress":"66.249.69.93","requester.ClientUserAgent":"Mozilla\/5.0 (Linux; Android 6.0.1; Nexus 5X Build\/MMB29P) AppleWebKit\/537.36 (KHTML, like Gecko) Chrome\/91.0.4472.90 Mobile Safari\/537.36 (compatible; Googlebot\/2.1; +http:\/\/www.google.com\/bot.html)","requester.IsRegistered":"false","requester.PaginationUseActivationPath":"true","requester.PluginVersion":"3.14.0","requester.RequesterUri":"https:\/\/www.thecondoshops.com","requester.SearchSetupID":"6","requester.UtcRequestDate":"2021-07-25T06:03:45+00:00","responseDirective.DefaultDisplayType":"slideshow","responseDirective.IncludeDisclaimer":"true","responseDirective.ViewNameSuffix":"widget","requester.Signature":"eb7816cc0d8d0cf93372f6cdfc7e85a946e5e20d"}|ds_end%%

Compare Buildings