Sep 05

Seattle area rental demand high… and so are rents

Low housing inventory, a growing population of young tech-company workers and changing attitudes about when to buy a home are all contributing to rent increases throughout the Seattle metro area. Even after hundreds of new units opened up in Seattle this year, demand and rent prices have continued to move up and show no signs of …

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May 21

?Buy or rent? Which is better financially?

?Buy or rent? Every potential home buyer has to stop for at least a moment and consider this question. Let’s look at one of the many financial reasons to buy instead of rent: the housing expense moving forward. Which is better financially? According to the latest Existing Home Sales Report from the National Association of Realtors, the median sales …

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Mar 26

42% cheaper to buy in Seattle area than to rent

Wow! Did you realize that today’s mortgage rates and home prices combine to make it 42% cheaper to buy a home in the Seattle area than to rent? Big difference, eh? Nationwide it’s 44% cheaper to buy than to rent… but this picture will be changing according to Trulia.  Check Trulia’s infographics to see where …

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Dec 04

Buying is 42% cheaper than renting in Seattle area

It’s more affordable to buy a home than to rent in the 100 largest metros in the nation. That’s the case if you plan to stay in the home for seven years, which is the average time Americans traditionally live in a home before moving. The findings come from real estate data provider Trulia, which conducted a …

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Nov 24

Consumers Expect Higher Home and Rent Prices

Americans continue to show growing confidence in home price increases over the next 12 months, providing further indications of a slow but steady housing recovery, according to results from Fannie Mae’s October 2012 National Housing Survey. Taken together with rental price expectations, which surged in October,  more consumers may be motivated to purchase a home …

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Nov 13

Rents… where are they headed?

When deciding whether or not to buy a home, one consideration will be the cost of alternative housing options. Renting an apartment is one such alternative. So, where are rental prices heading over the next few years? Rental prices usually increase by about 3 percent annually. Trulia just released their Trulia Rent Monitor where they revealed that rental prices …

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Oct 10

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The Finances of Renting vs. Buying Trulia reported that homeownership is 45% cheaper than renting in the United States. Jed Kolko, Trulia’s Chief Economist explained*: “Homeownership is cheaper than renting in all of the 100 largest metros, by a wide margin. Despite the recent price rebound, rents continue to rise faster than prices, and mortgage rates are …

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Sep 19

Rents rising: Seattle rents up 9.5% as of June

Home prices make gains in June  June asking prices for homes sold were up by 0.3% month over month in June 2012, the latest month of Trulia national data. Aside from May, when asking prices increased by so little that they were essentially unchanged, asking prices have moved up every month since February. Now, even the year-over-year price …

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Sep 14

Latest News: 42% cheaper to buy in Seattle than to rent. Average savings $715 per month.

The real estate site Trulia just published their detailed annual study regarding the dollar relationship between renting and buying a home in these United States… and, the numbers are startling! For example, in Detroit there’s a 70% advantage to buying versus renting. Buying cheaper in every large metro area Buying is cheaper than renting by several hundred dollars …

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Mar 24

Ain’t No Lie, It’s Cheaper to Buy

Compliments of Since the housing bubble burst, it seems like everyone and their mother can’t stop talking about what a great time it is right now to buy a home, but how good is it really? After years of seeing home prices drop like flies and rental markets tightening up better than pair of Spanx, it’s safe …

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