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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 May home sales reach record level

Homebuyer demand remained strong in the Empire State during May as closed sales set a record for the month at 10,704, surpassing the record set last May by 4.6 percent. Click here to read more.

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