Rent Vs. Buy: Which is Cheaper?

According to a post by Trulia, it is 63% cheaper, in the Oklahoma City metro area, to buy than it is to rent.  63%!!! What would you do if you had 63% more? Go on a vacation?  Get a loan, and pay it off early?
There are very few reasons why renting would ever be a better option than buying a home.  Renting is a way of paying someone else for their equity position in life, why do that when you could be increasing your own equity?  Real Estate is a long term investment, but an investment with a high probability of appreciation.  Click the link below for the full article!  And for more information on buying a home feel free to call me!

Katie Craig
Keller Williams Mulinix OKC
Norman, OK
405-329-6976 Office
405-406-2457 Cell

http://trends.truliablog.com/2012/09/rent-vs-buy-summer-2012/

The Real Estate Market

The first thing most people ask when I tell them I am a Realtor is, "how's the market?" Well I'm going to tell you. Currently, as many if you already know interest rates on home loans are at a wonderful number right now. Many lenders are telling me that they do not anticipate these rates going up much over 4% this next year. While this is great news, and many buyers may think they can wait to buy there are also a few reasons why it may be better to buyer sooner than later. The Oklahoma market is starting through a transition, while our market is currently stable we are starting the swing into a sellers market. What this means for buyers is that there will soon be fewer houses on the market and those sellers will likely be seeing multiple offers either meaning the house you love could be gone or that you might be paying more than you should for it. So don't let that dream home get away from you!