DAILY REAL ESTATE NEWS | TUESDAY, SEPTEMBER 18, 2012
A new Trulia study shows that owning a home is more affordable than renting over a seven-year time frame in America’s 100 biggest cities.
Trulia collected data on homes for sale and for rent from its Web site between June 1, 2012 and August 31, 2012, and factored in such items as transaction costs, taxes, and opportunity costs. The study assumes that the home is sold after seven years and includes closing costs, maintenance, insurance, property taxes and other costs. The cost of renting includes security deposit and renters insurance.
Trulia found that nationally, owning is 45 percent cheaper than renting, with affordability highest in Detroit and lowest in Honolulu and San Francisco.
Source: “Homeownership 45 Percent Cheaper Than Renting, But Factors Vary,” eCredit Daily (09/17/12)
(c) Copyright 2012 Information, Inc.
arizona homes sale, arizona house, arizona real estate, az houses, az real, az real estate,business, chief economist,economy, for sale by owner,FSBO, gilbert arizona, gilbert az,gilbert real estate, home for sale in arizona, homes for sale in san tan valley az, homes for sale in san tan valley az san tan valley arizona arizona homes sale home for sale in arizona real estate az real estate arizona arizona real estate san tan san tan heights homes in az for sa,homes for sale valley, homes in az for sale, houses for sale,houses in Arizona for sale, how to sell my home, johnson ranch,queen creek, queen creek arizona, queen creek az, real estate arizona, real estate az,real-estate, san tan, san tan heights, san tan valley arizona,san tan valley real estate,Selling my home, short selling my home, valley homes sale,where is san tan valley az
No comments:
Post a Comment