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Real Estate Market Trends: Advantages of Buying Over Renting

Discover why pending home sales are rising and mortgage rates decreasing. Learn why buying a home is 45% cheaper than renting according to expert economist Jed Kolko. Explore savings in various American cities and the changing dynamics between rental and asking prices. The housing market is moving towards a healthier state, making it an ideal time to invest. Stay informed with the latest housing forecast data from December 2012, including existing home sales trends.

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Real Estate Market Trends: Advantages of Buying Over Renting

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Presentation Transcript

  1. Pending Home Sales Are On The Rise!

  2. Heading Back To A Healthy Level

  3. Mortgage Rates Continue To Decrease

  4. “Buying A Home Is 45% Cheaper Than Renting” – Jed Kolko, Chief Economist Source: truliablog.com

  5. Rent Vs. Own In Cities Across America Source: truliablog.com You can save hundreds of dollars a month by buying a home instead of renting – especially if you can get today’s low mortgage rates, itemize your tax deductions and plan to live there for 7 years.

  6. % Change In Rental Prices Vs. Asking Prices Rental Prices Asking Prices Source: truliablog.com Rental Prices Continue To Quickly Rise While Asking Prices Are Much More Conserved

  7. Housing Market Is On Its Way Back To Normal! Source: truliablog.com

  8. Housing Forecast As Of December 2012 Total Existing Home Sales (Single-family, condos, and co-ops)

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