Friday, February 4, 2011

Buying is cheaper than renting in most cities

Provided by Van Eaton & Romero:

(SAN FRANCISCO) – Research conducted by finds that buying a home is actually cheaper than renting in 36 of the country’s top 50 markets, and it’s about break-even in most of the others.

The company said its study showed that only in New York, Seattle, Kansas City and San Francisco is it cheaper to rent than buy.

"Since the start of the recession, many former homeowners have flooded the rental market. Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets," said Pete Flint, CEO and co-founder of Trulia.

The study was based on the cost of renting or buying a two-bedroom

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