Buy or rent a house, is a question that may be asking yourself

I receive a lot of information on what is going on in the real estate market from real estate news around the world, in the U.S and our local real estate market.

This information helps me keep an eye on what is going on in real estate sales and what is going in with mortgages.

I will let you know that real estate sales for June 2014 is the lowest it’s been in 3 years and that interest rates are much lower then they should be.

Buy or Rent, We Have Answers

Video below goes over whether to buy or rent a house:

This article from the New York Times has very good information for you, especially if you are a first time buyer.

Buy or Rent, Give Me a Call

They have put together a way for you to calculate the question of whether or not to buy or rent a house.

Of course, I sell real estate and I would say that buying a house is going to be better then renting in the long term.

Go ahead and read the article below and follow the link to their page to calculate whether to buy a house or rent a house.

Is It Better to Rent or Buy?

By MIKE BOSTOCK, SHAN CARTER and ARCHIE TSE

The choice between buying a home and renting one is among the biggest financial decisions that many adults make. But the costs of buying are more varied and complicated than for renting, making it hard to tell which is a better deal. To help you answer this question, our calculator takes the most important costs associated with buying a house and computes the equivalent monthly rent.
Below is the link to the rest of the article:

http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html

Your real estate agents and Consultants
Steve and Diana Olmos
SteveOlmos.com
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