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Theresa Springer’s Blog

Homeownership More Affordable Than Rent In Nation’s Largest Metros

After comparing the cost of renting to the price of homeownership, Trulia’s Summer 2012 Rent vs. Buy Report determined that buying a home is more affordable than renting in America’s 100 largest metropolitan areas. Closing costs, maintenance, insurance, and property taxes were among the factors included in determining the price of homeownership. The report also ... MORE

Buying Beats Renting In Majority Of Markets

An analysis of more than 200 metropolitan areas and 7,500 cities found that buying is a better deal than renting in a majority of U.S. markets. Conducted by Zillow, the analysis showed that, in more than 75 percent of metropolitan areas, a homeowner could expect to break even in fewer than three years. In some ... MORE

Nearly 70 Percent Of Americans Say Now Is The Time To Buy

Fannie Mae’s August National Housing Survey polled 1,001 Americans to assess their attitudes toward owning and renting, mortgage rates, the economy, and their personal finances. The survey found 69 percent of respondents said now was a good time to buy a home, up three percentage points from the previous month. The number of people who ... MORE

Buying Cheaper Than Renting In 74 Percent Of U.S. Cities

Based on current market conditions, buying a home is cheaper than renting in 74 percent of major U.S. cities. Trulia’s Summer 2011 Rent vs. Buy Index compared price-to-rent ratios for the 50 largest cities using the median list price compared to the median rent as of July 1. Renting was cheaper than buying in only ... MORE

Americans Feeling More Optimistic About Home Prices, The Economy

Fannie Mae’s First Quarter National Housing Survey found Americans are more optimistic about home prices, the economy, and their personal finances than they were during the last quarter of 2010. According to the survey, which polled homeowners and renters between January and March 2011, the number of Americans that believe the U.S. economy is on ... MORE

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