According to a recent article in Realtor Magazine: Buying a Home Is 44% Cheaper Than Renting
The recent rises in asking prices has been outpacing the increases in rents, but home buying still may make more financial sense, a new study shows. Owning a house was found to be 44 percent cheaper than renting, according to the latest study from Trulia that compared the costs of the two.
The study found that owning is less than half the cost of renting in 46 of the 100 largest metros. “Buying a home is cheaper than renting in all of the 100 largest metro areas,” according to Trulia. For the rest of the article please go here
If you or anyone you know are STILL Renting in Oregon, now is the time to find that perfect home to buy! We have many loan programs to help, including two loans that do not require ANY down payment!
You can reach Travis Newton, Mortgage Lender Affiliate in Salem Oregon at 503.931.4490 or on the Oregon Homes For Heroes Facebook page.
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