New Listings As of March 22, 2013

CARMLS10344197Here is a list of new listings for the last five days according to the Central Arkansas Multi-Listing Service.  See something you like?  Contact Amy@AusumRealty.com or by calling 501.993.6448.

Advertisements

Study: Buying a Home Is 44% Cheaper Than Renting

The recent rises in asking prices has been outpacing the increases in rents, but home buying still may make more financial sense, a new study shows. Owning a house was found to be 44 percent cheaper than renting, according to the latest study from Trulia that compared the costs of the two.

The study found that owning is less than half the cost of renting in 46 of the 100 largest metros. “Buying a home is cheaper than renting in all of the 100 largest metro areas,” according to Trulia.

Falling mortgage rates are helping to keep home buying more affordable. But depending on where you live, the difference between owning versus renting can be big or small. For example, in San Francisco, home ownership was found to be 19 percent cheaper than renting, whereas in Detroit owning a house is 70 percent cheaper than renting.

Click the following to read more: Study: Buying a Home Is 44% Cheaper Than Renting.