Buying a Home is More Affordable Than Renting in 66% of US Counties » Mortgage Masters Group

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People expect renting a home to be less expensive than owning. But it’s cheaper to own in 42 states. Renting is a better deal in just eight states plus D.C.

"Although buying is still more affordable than renting in the majority of U.S. housing markets, the majority is shrinking as home price appreciation continues to outpace rental growth in most areas." However, the report also shows that the average fair market rent rose faster than average weekly wages in 60% of the counties analyzed in the.

According to ATTOM data solutions’ 2017 Rental Affordability Report, buying a home is more affordable than renting in 354 of the 540 U.S. counties they analyzed. The report found that "making monthly house payments on a median-priced home – including mortgage, property taxes and insurance – is mo

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Counter to the overall trend, renting is more affordable than buying a home in 186 of the 540 counties analyzed for the report (34 percent), including Los Angeles County, California; Harris County (Houston), Texas; San Diego County, California; Orange County, California; Kings County (Brooklyn), New York; Dallas County, Texas; Queens County, New York; Riverside County, California in the inland area of Southern California; King County (Seattle), Washington; and Santa Clara County (San Jose.

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Buying a Home is More Affordable Than Renting in 66% of US Counties. Rents have been surging faster than home prices in about 37% of the markets measured. "While buying continues to be more affordable than renting in the majority of U.S. markets, that equation could change quickly if mortgage rates keep rising in 2017.

How to Get a Mortgage When Self Employed – New Florida Mortgage There are also new lenders that have mortgages to help qualify self-employed borrowers. There are plenty of people that sign an all-cash contract and get a mortgage in order to purchase the home.

According to ATTOM Data solutions’ 2017 rental affordability report, buying a home is more affordable than renting in 354 of the 540 U.S. counties they analyzed. |

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