From Trulia: http://www.trulia.com/trends/2014/02/rent-vs-buy-winter-2014/
“The decision to rent or buy a home depends on where you live and also on your mortgage rate, tax bracket, and time horizon.”
“Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas. Rising mortgage rates and home prices have narrowed the gap over the past year, though rates have recently dropped and price gains are slowing. Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally, versus being 44% cheaper one year ago.”
Read full article: http://www.trulia.com/trends/2014/02/rent-vs-buy-winter-2014/
