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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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Homebuyer demand keeps NY housing market moving

The New York State housing market posted a solid first half of the year with 60,043 closed sales, falling only 3.8 percent behind the 2017 record sales pace. The statewide median sales price continued to grow though the first six months of 2018. Click here to read more.

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