Are Home Values Really Overinflated? Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report.According to the
41 Per Cent Cheaper To Buy Than Rent In Palm Beach County
Dated: October 23 2015
Study: Cheaper to buy than rent in countyIn Palm Beach County, the rent-or-buy decision is a no-brainer. It’s 41 percent cheaper to buy than to rent, according to a study released Wednesday by Trulia.Palm Beach County boasts one of the nation’s biggest discounts for buying vs. renting, ranking 12th among the 100 largest metro areas. Trulia bases its calculation on Palm Beach County’s median home price of $231,491 and median rent of $1,800 as of last month.Houston, with a 46 percent discount, is the best buyer’s market. Fort Lauderdale ranks No. 4, with a 44 percent spread. Miami is No. 5 at 43 percent.Honolulu and San Jose, Calif., are the markets where it makes the most sense to rent. In Honolulu, the typical home costs more than $600,000, but typical rent is only $2,500. Making a decision to buy can move from impossible to possible when you fully understand the options available for purchasing. Contact a highly engaged agent to explore the best way to begin the exploration of knowledge to help open up all options for you. Palm Beach County real estate is a destination that anyone would want to call home.
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Homeownership: "The Reports of My Death Have Been Greatly Exaggerated" The famous quote by Mark Twain in the title of this article can be used to describe homeownership in America