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
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
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Office Number: 1 (800) 683-5651
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