Zillow:Buying a home is more affordable than renting in nearly two-thirds of metros after three years of paying for a mortgage, according
For its calculation, Zillow considered costs associated with buying and renting, such as upfront payments, closing costs, insurance, utilities, and maintenance. Then, the online marketplace looked at historic and anticipated home value appreciation rates, rental prices, and rental appreciation rates to determine how many years would need to pass before buying becomes less expensive than renting. Read more....
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