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The results of the latest Rent vs. Buy Report from Trulia show that home ownership 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 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!
OTHER INTERESTING FINDINGS IN THE REPORT INCLUDE:
BOTTOM LINE
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, contact us to get pre-qualified to prepare for your home search.
Posted on 07/19/2017 at 01:19 PM