Cheaper to Buy Than to Rent

mortgage rates harlemNew research from the real estate website Trulia finds that homeownership is less expensive than renting in all of the country’s 100 largest metropolitan areas. The advantage narrows considerably, however, when the home buyer uses a low-down-payment loan insured by the Federal Housing Administration.

Harlem remains a great value from a real estate perspective.

via Cheaper to Buy Than to Rent – NYTimes.com

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