Trulia's Rent Vs. Buy Index - How It Compares To Our Local Real Estate Market
Posted by Larry Tollen on
Trulia.com one of the nations largest real estate web sites released their most recent quarterly report on the relative value of renting versus buying in the fifty largest cities in the United States. Here's a link to Trulia's Rent vs. Buy report.
In general they found when comparing rental prices to purchase prices on comparable 2 bedroom units that in fully 72% of the urban areas they looked at that it was highly likely to make more financial sense to buy rather than rent. In 8% of the cities they looked at it still made more sense to rent rather than buy and in the remaining 20% it was neutral. In other words not sure what you'll be doing or where you be in the next five years you'd be better of renting, thinking you'll be in the same place with a…
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