Are you looking for answers about whether you should buy a home or rent in today's market? Trulia has just released its Rent versus Buy Report for Summer 2013 which reveals whether buying a home is more affordable than considering renting a home. The report is based on the 100 largest metropolitan areas in America and the data comes from those consumers that were looking for homes to buy or rent on Trulia during the period of June 1 thru August 31, 2013.
The study compares the average cost of renting and owning for all the homes that are on the market in a metropolitan area. The study factors in all cost components that include transaction costs, taxes, and what they consider opportunity costs. One key factor is that in the last year the rate for a 30-year fixed-rate mortgage has risen from 3.75% to 4.80%, which has raised the cost of buying a home as compared to renting one.
The result was that homeownership is still 35% cheaper than renting on a national basis. One year ago the number was 45%. "While it's hard to believe after the recent spikes in rates, it's still more than one-third cheaper to buy a home than to rent," said Jed Kolko, Trulia's chief economist. Source: NAMP Daily
As the cold north winds blow and snow accumulates on the lan
"I truly appreciated the experience of working with you.
As you recall, I went back and forth on selling my home because I was nervous about the process. After meeting with you and the research you conducted on the comp's in the Cedar Hill area, it put me at ease that the process wouldn't be difficult. After the walk through of our property and the feedback you provided we decided to go through with the process. I took your recommendations in preparing the house for showings and had high hopes that we could sell the house in three months.
With the photos and marketing you provided for our home (on realtor site and social media) we were amazed that we had five offers the first weekend!!
Three of offers were above our asking price. We were able to close with no delays.
I would definitely recommend Anita Anderson to anyone looking to buy or sale a home.