Is it cheaper to buy or rent? This helpful summary of Trulia’s Buying Cheaper Than Renting, But Some Mortgages Make It a Closer Call shows us that buying a home is still less expensive than renting – by a whopping 38%. The Keep Current Matters Crew also finds that:
Rents have continued to increase nationally even as home price increases are starting to slow. Current low mortgage rates have kept homeownership from becoming more expensive than renting.
Some markets might tip in favor of renting next year if home prices increase at a greater rate than rents and if – as most economists expect – mortgage rates rise, due to the strengthening economy. Read the complete summary at keepingcurrentmatters.com.