Buying Rather Than Renting Can Save You Money in Austin
According to Trulia’s rent vs. Buy Index 2011, the smart choice for most Austinites right now is to buy.
Austin is among the top 50 U.S. cities where it is “Much Less Expensive to Buy Than rent”, coming in at #35. What does that mean? Well, when you look at the average home price vs. the average monthly cost of rent in Austin, the numbers show that it is significantly more affordable to buy in most areas of the city. With rental rates increasing and interest rates at historic lows, buying is financially the smarter choice. So, is buying right now the right choice for you? This is a sampling of Austin MLS areas:
Rent Vs. Buy MLS Area Comparisons
This “perfect storm” of home buying conditions aren’t going to last for long. Take advantage of low mortgage rates and low home prices. There’s never been a better time to buy than now.
If you have questions on the Austin housing market or want to get started on buying a home, call Chuck Stephens, our buying expert, at 512-947-8077 or drop him an email at cstephens@cbunited.com. To see current inventory, visit our web site www.dmtx.com.
Tags: Austin, austin area, Austin home prices, Austin Home rentals, austin home sales, Austin Housing Market, Austin Mortgage Rates, Austin Real Estate, austin rental prices, renting in austin, should I rent or buy a home in austin?
This entry was posted on Monday, January 23rd, 2012 at 8:31 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
