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Study finds buying is cheaper than renting in most places

Apr 13, 2015
Many renters would be better off buying a home than continuing to pay steep rental costs, according to a new study by RealtyTrac. Its Residential Rental Property Analysis found that the monthly payment on a median-priced home is more affordable than the monthly fair market rent on a three-bedroom property in 76 percent of U.S. counties.
Of the 461 counties analyzed, 351 had house payments on a median-priced home in the first quarter of this year that were lower than fair market rents on a three-bedroom home. Click here to learn more.
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New York State home sales up 11 percent through first three quarters of 2016

The Empire State’s housing market has posted an 11-percent jump in home sales though the first nine months of 2016 compared to the same period in 2015.The year-to-date statewide median sales price grew 3 percent compared to last year. Click here to read more.