Trulia's Rent vs. Buy Index - Q1 2011

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According to Trulia's Q1 2011 Rent vs. Buy Index, 72% of American's 50 largest U.S. cities are locations where it is more affordable to rent than to buy a two-bedroom apartment, condo and townhouse. To learn more about the findings, click through the slide show. To check out a cool interactive graph illustrating the Index's findings, click on: http://trulia.movity.com/rentvsbuy

Real Estate

TRULIA’S Rent vs. buy INDEXJANUARY 2011 1

Following the principals of supply and demand, renting has become relatively more expensive while homeownership has become relatively more affordable.,[object Object]

Close proximity to economic centers with promising job growth projections have propped up both the demand for homes and costs of homeownership in cities such as San Francisco, Los Angeles and Oakland.,[object Object]

RENT VS. BUY CALCULATORCompare the costs of owning versus renting a home with Trulia’s rent vs. buy calculator to see which option may be a better fit for your financial needs. http://www.trulia.com/mortgage-calculators/06/rent-or-buy/,[object Object]

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Neighborhoods around National Football League stadiums tend to have homes that are more expensive both in sales and rental value, but new stadiums built in the last decade, by and large, have failed to lift the fortunes of homes in nearby areas. In other words, owning a home near a stadium is nice, but if they build one down the street, don’t get your hopes up. During the last 10 years, five new pro football stadiums have opened and none, so far, has had a noticeable impact in raising home values in its immediate vicinity (a two mile radius).

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The median listed home price in Super Tuesday states has risen 50.1%, during the last four years and now is worth 7.7% more than the median home in non-voting states – the Super Tuesday median home was worth 2.8% less in 2011. We also found Super Tuesday states were more stable when it came to creating jobs, saw better wage growth and when it came to home prices, saw a recovery that valued the median Super Tuesday home at a higher level than the rest of the country.

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