Trulia’s Real Estate Index Rent vs Buy Ratio
June 15th, 2010 categories: General RE Info, Market Update, Tips For Buyers
If you are Renting consider Buying!
As we all know Real Estate prices are very attractive and Mortgage Interest Rates are at historically low rates.
The Real Estate Site Trulia published an interesting article about what is a better financial move… Should we Rent? Should we Buy? As per the study that included many several cities in USA including Miami; in Miami, Fl the Price vs Rent Ratio is 8.
“Price-to-Rent Ratio of 1-15: It is much less expensive to own than to rent a home in this city”
www.trulia.com
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