Wednesday, April 30, 2014

In most of America Buying beats Renting

In most of America Buying beats Renting
Study shows half US metros have 2 year break even horizon: We already know that buying a home is cheaper than renting in most major metros, but now comes evidence that buying a home is a better financial decision than renting for home buyers who plan to stay in their home for at least two years in half of all U.S. markets.The first quarter break even horizon analysis shows that among the 35 largest metro areas analyzed, more than half have a break even point of less than two years. Rents keep rising, and mortgage interest rates remain very low. Many renters may ask themselves why renew a lease, when you can break even on the same home in less time in many areas, see more.

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