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Mortgage Rate Update; Should you Rent or Buy a Home?

Until recently, home ownership was no bargain compared to renting, according to Paul Diggle, a housing economist at Capital Economics.

Recent data from the U.S. Census Bureau and published statistics from Thomson Datastream indicate that rising rents and falling mortgages are tipping the scales towards home ownership. The median monthly mortgage payment has fallen to about

Continue reading… Mortgage Rate Update; Should you Rent or Buy a Home?

Buying a home more affordable than renting in three out of four major cities

A report released by Trulia shows that, based on current market conditions, it is cheaper to buy a home than rent in 74 percent of major U.S. cities.  At the top of the list is Las Vegas with a price rent ratio of 6 (the lower the number, the more affordable it is).  At the

Continue reading… Buying a home more affordable than renting in three out of four major cities

Buying a home more affordable than renting in four out of five major cities

A report released this morning by Trulia shows that when it comes to the question “should I rent or buy” the answer is to buy in 80 percent of the 50 largest U.S. cities. Trulia’s “Rent vs. Buy Index” compares the cost of buying and renting a two-bedroom apartment, condominium or townhouse and for

Continue reading… Buying a home more affordable than renting in four out of five major cities

College Parents Buying Homes vs Rent or Dorms

Dennis Norman

A study by Coldwell Banker Real Estate LLC shows that this fall as parents said goodbye to their college-bound kids, fewer of those kids were heading to dorms or apartments that are typically associated with college housing but instead will be heading to homes their parents bought for them to live in.

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What to do in 2010: Rent or Buy a home?

Five questions every potential buyer should ask when deciding whether to rent or buy a home

First time homebuyers have a lot to consider this summer when making the decision to rent or buy a home:  interest rates are at all-time lows, there’s still plenty of housing stock and prices are at or

Continue reading… What to do in 2010: Rent or Buy a home?

7 Reasons to Rent Instead of Buy a Home

Joe Plemon, ChristianPF.com

Owning your own home may still be the great American dream, but, the influx of foreclosures in recent years has made it a nightmare for millions. If you are considering purchasing a home, I challenge you to at least think through the advantages of

Continue reading… 7 Reasons to Rent Instead of Buy a Home

Cities where home ownership is more affordable than rental

Dennis Norman

Today, Trulia released it’s “Rent vs. Buy Index” which established a price-to-rent ratio for the 50 largest cities in America (by population), then, based upon that ratio, determined which cities it makes more sense (financially) to rent versus buy.

Top 10 Cities to Rent vs Buy and Top 10 To Buy vs Rent

Dennis Norman

Last month I did an article, “Should You Rent Or Buy A Home?“, in which I discussed a survey that was done by the National Apartment Association which indicated 76 percent of consumers surveyed believed renting to be a better option than home ownership. Well, today Trulia released it’s new “Rent

Continue reading… Top 10 Cities to Rent vs Buy and Top 10 To Buy vs Rent

Is Home Ownership Losing It’s ‘Sizzle’?

New Survey Finds 76 Percent of Consumers now Believe Renting to Be a Better Option Over Homeownership

Advantages Cited Include Flexibility to Move to a Different Location with New Job Opportunities

Dennis Norman

Last month I did a post addressing housing affordability, the cost of renting versus owning a home, and whether the real estate

Continue reading… Is Home Ownership Losing It’s ‘Sizzle’?

Homes are affordable; Should you buy? Rent? Do home prices need to fall further?

Dennis Norman

I thought I would end the week by giving everyone something to dwell on and contemplate over the weekend. Actually, I set out this morning to do a post about the National Association of REALTORS(R) (NAR) Housing Affordability Index for February which was recently published. As I was reviewing the

Continue reading… Homes are affordable; Should you buy? Rent? Do home prices need to fall further?