Trulia report shows buying cheaper than renting in most major metro areas

Trulia report shows buying cheaper than renting in most major metro areas

The latest Rent vs. Buy Report from Trulia shows that homeownership is still cheaper than renting in 98 of the 100 largest metro areas in the United States.

Buying is more affordable than renting in 98 out of the nation’s 100 largest metropolitan areas – even in New York, Los Angeles and Boston, according. Buying cheaper than renting in nearly 100.

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in Sarasota (FL), and 35% Nationwide!

Trying to find affordable rents in Denver It is cheaper to buy a two-bedroom home than rent one in 72% of major metropolitan areas around the U.S., according to the Trulia rent vs. buy index released Monday.

Clear Capital: home prices drop 5% in three months U.S. home prices inched up about 0.9% during the three months ending May 31, according to Clear Capital’s Home data index (hdi) Market Report. On a year-over-year basis, home prices were up about 9.2% in May compared to May 2013, the report finds. While the overall rate of appreciation has been slowing for the past [.]FHA continues to lean on Treasury When Can I Refinance An FHA Loan? FHA Short Refinance. In our last blog post, we discussed when a borrower is permitted to refinance a home loan using an FHA mortgage.But there’s one area not covered by the rules on refinancing with cash out or with no-cash out FHA refinancing.

DON’T RENT: 10 US housing markets where it’s cheaper for young people to buy than rent. In terms of major cities such as New York and San Francisco, it’s still cheaper to buy, but just barely. Trulia’s chief economist, Ralph McLaughlin, reports: Our rent versus buy metric is especially tight for young prospective buyers in California.

Trulia determined that buying is 36.4 percent cheaper than renting in the region. Renting would begin to make more sense than buying if interest rates more than doubled to 8.6 percent, which Trulia chief economist Ralph Mclaughlin doesn’t see happening.

In fact in every major U.S. market it’s still cheaper to buy a house than rent over the long term – an average of 38 percent cheaper. Here’s a link to Trulia’s latest "Rent vs. Buy" report .

Freddie Mac alerts real estate agents to rising short sale fraud Second Liens Still Lurking at Wells Fargo Certificates of Title: Owners, Lienholders and Courts, Oh. – Certificates of Title: Owners, Lienholders and Courts, Oh My! Dispatches from the Trenches. provides that the filing of a UCC financing statement does not perfect a lien that is governed by the state’s certificate of title law.. wells fargo elected not to re-title vehicles securing loans it had acquired from CIT. The court ruled that.short sale soundoff: Freddie Mac alerts real estate agents to. – Freddie Mac recently began reaching out to real estate associations and fielded more calls on a rising rate of fraudulent short sales.

Buying is Cheaper Than Renting The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

There are a few exceptions in select metro cities (and you can’t ignore the down payment and type of mortgage you’re considering), but homeownership remains cheaper than renting nationally in all of the 100 largest metro areas. In fact, buying is 38 percent cheaper than renting (up from 35 percent last year) when you consider a 30-year mortgage and the traditional 20 percent down payment.

RealtyTrac’s Sharga: Banks still holding 70% of REO from market That puts foreclosure-related filings on a pace to hit about 3.5 million this year, up from more than 2.3 million last year. "The sheer scale of the problem is preventing the loan modification programs from having the kind of impact we’d all like" said Rick Sharga, RealtyTrac’s senior vice president for marketing.

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