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.
Jill did a fantastic job and was a pleasure to have as our real estate agent. She was thorough,... read moreJill did a fantastic job and was a pleasure to have as our real estate agent. She was thorough, efficient, organized and professional
at all times. Jill was very knowledgeable and responded to all my inquiries and questions promptly and was just a great overall resource
throughout our home selling process. Because of Jill's attention to detail, we had an offer in one day and closed on schedule, ensuring
that we did not miss a beat on our subsequent purchase. It had been over 10 years since we had
last sold a home and Jill provided some of the best service that any agent could have possibly provided. She went above and
beyond our expectations and we were lucky to have Jill as our realtor.
Karen and David N. -- Cypress, TX read less