The 10 Best Markets To Buy A Home Right Now
A recent report by Deutsche bank shows that in many cities, it’s actually cheaper to buy a home than rent one. It certainly signals a change in times, especially for residents of the following 10 cities. According to the banks’ research, renting will cost you more in these locales as opposed to buying. So if the price is right, it makes a lot of sense to start investing again in home ownership.
10. Memphis, TN
Renting costs 21.9% more than buying (based on after tax mortgage payment)
Median home price decline, 2006-2010: -15.5%
9. Buffalo, NY
Renting costs 22% more than buying
Median home price change, 2006-2010: 23.8%