Buying a Home is More Affordable in Central LA. Than Renting in 66% of most US Cities.
“While buying continues to be more affordable than renting in the majority of U.S. markets, that equation could change quickly if mortgage rates keep rising in 2017. In that scenario, renters who have not yet made the leap to homeownership will find it even more difficult to make that leap this year.”
If you’ve been on the fence about buying a home, Now is the time, Contact a Local Real Estate Professional to guide you through the process.
Bottom Line
Rents will continue to rise and mortgage interest rates are still at historic lows. Before you sign or renew your next lease, meet with a local professional who can help you determine if you are able to buy a home of your own and lock in your monthly housing expense.
The report found that “making monthly house payments on a median-priced home — including mortgage, property taxes and insurance — is more affordable than the fair market rent on a three-bedroom property in 354 of the 540 cities analyzed in the report (66 percent).”
If you’re considering a MOVE to the Central Louisiana Area, You will want a Local Real Estate Professional to help guide you. Call JoAnn Deville Smith with RE/MAX Premier Realty. 318.451.2385
JoAnn Deville Smith 318.451.2385
Realtor RE/MAX Premier Realty
318.427.8005
Each Office is Independently Owned and Operated
Licensed in the State of LA.
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