Is buying cheaper than renting?
Trulia report shows buying cheaper than renting in most major metro areas
Is buying cheaper than renting? That's a perennial question, and one that Housingwire.com tries you help you answer with this report based on research conducted by a company that gathers and analyzses real estate data.
"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.The real estate data firm said increased demand for rental properties is driving the cost of homeownership down nationwide.
"Since the start of the Great Recession, many former homeowners have flooded the rental market," said Pete Flint, chief executive and co-founder of Trulia..."
