According to Zillow, it is cheaper to buy a home than rent in this current market.
The real estate websitereleasedits final Breakeven Horizon Report for 2016, and the results show that it only takes about 1.6 years to recoup the costs associated with buying a home compared to renting a home/apartment.
Dallas is right behind the No. 1 city, Indianapolis, which takes about 1.4 years. Atlanta, Detroit, Tampa, and Orlando (all one year and five months) share the No. 2 spot with a four-way tie.
In Texas, DFW has the best rate of recouping. San Antonio homeowners come in 2nd at 1.9 years, while Houston is at 1.11 years, Austin is 2.5 years.
For the full article, check out: http://dallas.culturemap.com/news/real-estate/02-14-17-zillow-breakeven-horizon-report-2016/
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Author:Rogers Healy Phone: 214-676-4270 Dated: February 21st 2017 Views: 236 About Rogers: Rogers Healy, a native Texan, has lived in Dallas for the majority of his life. Before moving to Dal...
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Rogers Healy and Associates Real Estate is a DFW based residential and commercial real estate company that was founded in 2007 by Rogers Healy. RHAdfw is passionate about developing long lasting relationships with clients while representing them to buy, sell or lease any home in DFW. Texas Real Estate Commission Consumer Protection Notice