Business

Report: owning a home now cheaper than renting

interns Contributor

What makes more sense today — to rent or to buy? And where to do it?

Real-estate website Trulia’s “Summer 2012 Rent vs. Buy” report, released Thursday, points to the large U.S. metros where owning a house, when taxes and other transaction and opportunity costs are included, is actually considerably cheaper than renting one. These latest findings echo numbers found in prior reports.

In fact, in every single one of America’s 100 largest metros, according to the report, owning is now cheaper than renting.

Full Story: What to consider when deciding whether to rent or buy