Buying is Now 37.7% Cheaper Than Renting in the US
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the way up to 53.2% less expensive in Miami & West Palm Beach (FL), and 37.7% nationwide!
Other interesting findings in the report include:
Interest rates have remained low, and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation.
Home prices would have to appreciate by a range of over 23% in Honolulu (HI), up to over 45% in Ventura County (CA), to reach the tipping point of renting being less expensive than buying.
Nationally, rates would have to reach 9.1%, a 145% increase over today’s average of 3.7%, for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.
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Mediterranean Style Residences in the Heart of Coral Gables.
Coral Gables Hospital earns eighth consecutive ‘A’ for patient safety
by Patti Vila
By achieving an “A” Leapfrog Hospital Safety Grade, Coral Gables Hospital receives recognition as one of the safest hospitals in the United States.
The Leapfrog Group, a national patient safety watchdog, assigns “A,” “B,” “C,” “D” and “F” letter grades to hospitals nationwide and provides the most complete picture of patient safety in the U.S.
“At Coral Gables Hospital, we have made patient safety and satisfaction a part of our culture,” said Patrick Downes, hospital CEO. “This recognition, for the eighth consecutive time, gives our patients confidence in the care they should expect to receive here.”
Developed under the guidance of an expert panel, the Leapfrog Hospital Safety Grade uses 30 measures of publicly available hospital safety data to assign grades to more than 2,600 U.S. hospitals twice per year. The ratings are calculated by top patient safety experts and are fully transparent and free to the public.
Holiday Evening at Vizcaya
Take a trip back in time and enjoy Vizcaya decked in holiday decorations, as it would have been in the time of its founder James Deering. Delight in an old-fashioned holiday evening with live music from Vizcaya's pipe organ, hot chocolate, light appetizers and desserts and arts and crafts. Must be on site by 8:00 p.m. to be admitted to the program. Refunds for late arrivals will not be given. New member special: Become a member and get free tickets to Holiday Evenings with code EVENING.
12/14/16 06:00PM - 09:00PM
3251 South Miami Avenue
Miami, FL 33129