Blog > Buy a Home for Less than Renting!
Words from the Millennial Whisperer
Buying a home in the US is today cheaper than renting!
The results of a brand new 2018 study show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties which were analyzed for this report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income.
The least affordable market for renting was in California where renters spend a staggering 79.5% of their average wages on rent. Here in Charleston County, a renter spends about 35% of his or her income on rent plus the cost of utilities.
Bottom Line
Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, meet with me and a trusted lender. We here at AGENTOWNED work with Prosperity Home Loans and you can meet with Todd Huss right here in our office or any location convenient for you. It is easier than you think you get pre-qualified and you will be surprised to see that you don't need
For all my client and friends and followers, especially if you are a Millenial, invest your money wisely. Read my blog about finding a millennial the perfect home and my post about first time home buying. Call me, the Millenial Whisperer, and I am happy to sit down with you, or text you all the info you need.
I encourage you to download my mobile app HERE! When driving around the neighborhood, you find true and updated information about homes for sale, info on taxes, and detailed descriptions and other info about a home.
Stay informed and up-to-date and contact me, if you like to see any of the properties you might be interested in.
You can find me at www.DefinitelyCharleston.com
Ute Appleby
UAppleby@gmail.com
(843) 345-2625