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US: Buying a home cheaper than renting in 98 pct of housing markets

Posted on 23 March 2012

Despite very low prices, many Americans can’t or don’t want to buy houses. Instead we’re paying ever-higher rents and watching as housing prices fall further and further.
In nearly every every city in the country, it is now cheaper to buy a home than to rent one, according to new data from the real estate website Trulia. In 98 of the 100 largest metropolitan areas in the U.S., homeownership trumps renting, according to Trulia. The two holdouts? Honolulu and San Francisco………………………………………..Full Article: Source


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