Enjoy these fantastic weekend events!Lake Havasu City 42nd Annual Relics & Rods Run to the SunOctober 19th, 2019 @ 9:00am - October 20th, 2019 @ 10:00am1477 Queens BayLake Havasu City, AZ
BUYING IS CHEAPER THAN RENTING
Buying is Now 37.7% Cheaper Than Renting in the US
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the way up to 53.2% less expensive in Miami & West Palm Beach (FL), and 37.7% nationwide!
Other interesting findings in the report include:
Interest rates have remained low, and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation.
Home prices would have to appreciate by a range of over 23% in Honolulu (HI), up to over 45% in Ventura County (CA), to reach the tipping point of renting being less expensive than buying.
Nationally, rates would have to reach 9.1%, a 145% increase over today’s average of 3.7%, for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.
Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, meet with a local real estate professional who can help you find your dream home.
Retrieved October, 26, 2016 from http://www.keepingcurrentmatters.com/2016/10/25/buying-is-now-37-7-cheaper-than-renting-in-the-us.
IF YOU WANT TO STOP MAKING YOUR LANDLORD RICH AND BECOME A HOMEOWNER, CALL ME TODAY TO GET STARTED. AMY RODRIGUEZ, THE QUEEN TEAM, KELLER WILLIAMS REALTY - KINGMAN, AZ AT 928-202-6149.
Hello!! I was born and raised in Mohave County and I have seen the tremendous growth of this area first hand! I've spent the past 9 years in the banking industry but my passion deep down has always be....