Buying a Home in Sacramento vs. Renting – Thinking of Buying a Home in Sacramento

Buying a Home in Sacramento vs. Renting – Thinking of Buying a Home in Sacramento 

Mike and Jennifer Rigley (buyers) 916.378.4671 / (sellers) 916-660-5823 Info@RigleyRG.com
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Buying a Home is 35% Less Expensive than Renting! | Keeping Current Matters

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States.

 

The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in Sarasota (FL), and 35% Nationwide!

 

**If you or someone you know are thinking of buying or selling Real Estate in Sacramento, CA please give us a call at 916-378-4671 or look us up at www.RigleyRealtyGroup.com

 

The other interesting findings in the report include:

Interest rates have remained low and even though home prices have appreciated around the country (3.9%), they haven’t greatly outpaced rental appreciation (3.7%). “In the past year, these two trends have made homeownership even more affordable compared with renting.”

 

Some markets might tip in favor of renting if home prices increase at a greater rate than rents and if – as most economists expect – mortgage rates rise, due to the strengthening economy.

 

Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying – and rates haven’t been that high since 1989. 

 

Bottom Line

Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now. Find out how much home you can afford by getting pre-approved today

 

To stay up to date with Sacramento Real Estate news, Market Trends, Options and Solutions to Foreclosure and Short Sale Information log on to www.rigleyrealtygroup.com

 

LOGOAre you a local hero looking to buy or sell a home in Sacramento? CLICK HERE to find out about the Home Benefits for Heroes savings program NOW! Former and active Military, law enforcement, firefighters, health care providers, first responders, and teachers are but a few of the everyday heroes that may be eligible for home buying and home selling discounts through Home Benefits for Heroes

 

(We are now donating a portion of every closing commission to the Wounded Warriors Project. Your referrals and business help those who have given their all to our country.)

 

Need help finding that perfect place to call home?

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Looking for a top Sacramento realtor? Call the Rigley Realty Group of Keller Williams Realty Sacramento today at 916-378-4671 or log on to www.RigleyRealtyGroup.com to start your on-line home search now. Call us today – you’ll be glad you did.

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