Renting vs Buying in Major Markets? Buying WinsJonathan
We’ve seen housing prices rising throughout the country so you may ask is buying still better than renting? According to a recent study from researchers at Florida Atlantic University and Florida International University, it is still better to buy than rent in most areas.
The study looked at the top 23 metropolitan markets and analyzed if buyers bought a house and built equity or rented and reinvested the remaining income. Overall they found it was better to buy with savings coming from today’s still low interest rates, which lowered home owner costs even with the rise in housing prices. Of course all real estate is local so while the overall message of buying being the better strategy, results varied region to region.