Owning a home is more affordable than renting in 39 of the nation's 50 most-populated cities, based on the latest quarterly rent vs. buy index from Trulia. Falling home prices and rising rents make buying cheaper in 78 percent of cities, up from 72 percent in the previous quarter; the price-to-rent ratio fell quarter-to-quarter in most of the 50 cities.
Some signals to pass on to your clients.
1. Mortgage rates are at a point below 5% in most cases, which really helps your numbers
2. Landlords are seeing an opportunity to raise their rates and they are doing it.
3. The career and income of many people is stabilizing, so that there is a comfort level with buying that home.
The signs are there that this is the time. Tell people you talk to that I will run their numbers with no obligation to them.
You can reach me via telephone at 615-777-4663 or via email at George.Margrave@migonline.com you can even follow me on Facebook...check it out. Thanks for reading!
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