These are good housing bubbles.
Trulia’s Winter 2013 Rent vs. Buy report is out. They use a fairly complex set of data to come up with their results (at least they seem complicated to this English major.) But what they reveal has got us excited: In Denver, Colorado, it is up to 53% cheaper to buy a home than to rent.
The percentages vary based on your tax bracket, what interest rate you can qualify for, and how long you plan to stay in your home, but most combinations still result in significant savings over renting. See the full report here.
So if you’re in the Denver Metro Area and are thinking of making the leap to home ownership, the numbers are saying it’s a good time. Mortgage interest rates can’t get much lower than this. True, there’s low inventory and you’ll need to really be on top of things to snag the place you want, but that’s what you’ve got us for! See what’s available in your price range and area here, and set up listing alerts to keep you on top of what becomes available each day. And call Marty to get started at 720-891-9000.