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Zillow: Buying Better Option than Renting for Most of U.S.

Posted by Bonnie Martin Designated Broker on Friday, August 3rd, 2012 at 10:24am.

A new analysis released by real estate marketplace Zillow revealed that for most buyers who intend to spend at least three years in a home, buying is a better option than renting.

An analysis of the “breakeven horizon” in more than 200 metros and 7,500 cities showed that in more than 75 percent of metros examined, a homeowner would break even after owning a home for three years or less.

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