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:

• Interest rates have remained low and, even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation.


• With rents & home values moving in tandem, shifts in the ‘rent vs. buy’ decision are ...

Here are four great reasons to consider buying a home today, instead of waiting.

1. PRICES WILL CONTINUE TO RISE
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.9% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. MORTGAGE INTEREST RATES ARE PROJECTED TO INCREASE
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4%. Most experts predict that they will begin to rise over the next 12 mo...