There are a lot of reasons why owning is better than renting, here are a few reasons comparing the cost of not owning a home:1- The Price is so CloseRenters are facing increases everyday. With
Buying Is Now Thirty Seven Percent Cheaper Than Renting In Us
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.
Home prices would have to appreciate by a range of over 23% in Honolulu (HI), up to over 45% in Ventura County (CA), to reach the tipping point of renting being less expensive than buying.
Nationally, rates would have to reach 9.1%, a 145% increase over today’s average of 3.7%, for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.
Check out Clark County's current listings here.
Leah, an Arizona native, decided to make the beautiful Pacific Northwest her home in the winter of 2011 after attending a wedding in Woodland and falling in love with the locals and lush surroundings.....
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Located in Longview, WA. Built in 2000, This sprawling & spacious home backs to a green space with wildlife and trees for a peaceful retreat! At 3604 sq. ft. This beautiful 5 bedroom, Daylight Ranch