pending home sales are on the rise!
DESCRIPTION
Pending Home Sales Are On The Rise!. Heading Back To A Healthy Level. Mortgage Rates Continue To Decrease. “Buying A Home Is 45% Cheaper Than Renting”. – Jed Kolko , Chief Economist. Source: truliablog.com. Rent Vs. Own In Cities Across America. Source: truliablog.com. - PowerPoint PPT PresentationTRANSCRIPT
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Pending Home Sales Are On The Rise!
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Heading Back To A Healthy Level
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Mortgage Rates Continue To Decrease
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“Buying A Home Is 45% Cheaper Than Renting” – Jed Kolko, Chief Economist
Source: truliablog.com
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You can save hundreds of dollars a month by buying a home instead of renting – especially if you can get today’s low mortgage rates, itemize your tax deductions and plan to live there for 7 years.
Detroit, MI Gary, IN Oklahoma City, OK Memphis, TN$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
RentOwn
Rent Vs. Own In Cities Across America Source: truliablog.com
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Houston, TX Miami, FL NY, NY Philadelphia, PA-2.00%
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
18.00%
Rental PricesAsking Prices
% Change In Rental Prices Vs. Asking Prices
Source: truliablog.com
Rental Prices Continue To Quickly Rise While Asking Prices Are Much More Conserved
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Housing MarketIs On Its WayBack To Normal!
Source: truliablog.com
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2011 2012 20134000
4200
4400
4600
4800
5000
5200
2012 Was Good. 2013 Will Be Better!
Housing Forecast As Of December 2012Total Existing Home Sales (Single-family, condos, and co-ops)