Pending Home Sales Are On The Rise!

Heading Back To A Healthy Level

Mortgage Rates Continue To Decrease

“Buying A Home Is 45% Cheaper Than Renting” – Jed Kolko, Chief Economist

Source: truliablog.com

You can save hundreds of dollars a month by buying a home instead of renting – especially if you can get today’s low mortgage rates, itemize your tax deductions and plan to live there for 7 years.

Detroit, MI Gary, IN Oklahoma City, OK Memphis, TN$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

RentOwn

Rent Vs. Own In Cities Across America Source: truliablog.com

Houston, TX Miami, FL NY, NY Philadelphia, PA-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

18.00%

Rental PricesAsking Prices

% Change In Rental Prices Vs. Asking Prices

Source: truliablog.com

Rental Prices Continue To Quickly Rise While Asking Prices Are Much More Conserved

Housing MarketIs On Its WayBack To Normal!

Source: truliablog.com

2011 2012 20134000

4200

4400

4600

4800

5000

5200

2012 Was Good. 2013 Will Be Better!

Housing Forecast As Of December 2012Total Existing Home Sales (Single-family, condos, and co-ops)