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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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Empire State home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.

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