Trulia recently released the most recent Rent vs. Buy Report.
The report explained that homeownership remains cheaper than renting in all of the 100 largest metro areas by an average of 26.3%!
Other interesting findings in the report include:
Buying a home makes perfect sense.
You can lock in a mortgage payment before home prices and mortgage rates rise (as experts expect they will).
If you rent, your housing expense will only continue to increase. And why would you want to do that?
THE BOTTOM LINE:
Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now.
Renting is OUT.
Buying is IN.
P.S. Search Google for "Trulia Rent vs Buy Report" for the latest version of this report.
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