buying · interest rates · leasing · mortgage · Rent

Is it still cheaper to buy vs renting?

With mortgage interest rates and home sales prices rising, some may think that it is cheaper to rent than to buy. In almost all cases, this is not true.

While interest rates have risen in the last few months, they are still at very low levels.

And, home sales prices have increased too but most are still under the pre-boom prices. So, you’re still paying less than you would have a few years ago.

Rent prices have steadily increased over the past few years as the rental market boomed when the housing market busted. Those who couldn’t buy or whom lost their homes in the economic crisis were forced to rent. Simple supply vs demand – the demand for rentals went up and so did rent prices.

 

Want to find out if it would cost you less to buy a home?

Use this online calculator here.

 

For more information on building, buying, selling or leasing commercial or residential property anywhere in the world, contact Nicole Tucker, licensed agent with Keller Williams, Central office at 972-992-8204 or visit my website at http://FindHomesInDFW.com

Nicole Tucker ~ Making Real Estate Real Easy!

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