Econintersect: Recent reports from Trulia and other analysts have pointed out that rents have been rising over the past year and more in many parts of the country while home sales prices have continued to drift lower in many markets. The result is that it now makes economic sense to buy a home rather than rent in many markets. There is a problem for many millions of people that they can not consider buying a home because of impaired credit and/or underemployment of lack of employment. But for those able to buy the relative costs of buying vs. renting are quite favorable in many places. Following the “Read more…” break is an infographic provided by Home Insurance.org that gives detailed information on this topic.For larger image click on infographic.
Presented by: Home Insurance Blog
- Analysts: Buy a House Now (If You are Able) (GEI News, 12 April 2012)
- Home Purchase Cheaper than Renting in Many Cities – But So What? (GEI News, 25 March 2012)