Trulia recently released their latest Rent vs. Buy Index for the 50 largest cities. The Rent vs. Buy Index calculates a price-to-rent ratio. The lower the ratio the more affordable it is to buy a home vs renting a home.
Price-to-Rent Ratios of:
Houston’s price-to-rent ratio is 13 making it more affordable to buy a home than rent in Houston. You only need to watch one episode of HGTV’s “Selling New York” to realize its cheaper to rent than to buy in New York.
Total costs of homeownership include mortgage principal and interest, real estate taxes, homeowners insurance, closing costs, HOA fees, private mortgage insurance (PMI) and the tax advantages of homeownership.
Simply put, Jill is superlative. Jill is personable, straight forward, focused and wise in the market. Her marketing approach was... read moreSimply put, Jill is superlative. Jill is personable, straight forward, focused and wise in the market. Her marketing approach was thorough and comprehensive, her pre-market prep advice was honest, straight forward, and exactly spot on for the house to move quickly. Once listed, her no-nonsense approach meant that the house sold IN THREE DAYS, with minimal negotiation. HIGHLY RECOMMENDED read less