Which metro areas are more affordable for buyers than renters?
Despite the current challenges in the housing market, there are still major metro areas in the U.S. that it’s cheaper to buy into than rent. Detroit, Philadelphia, Cleveland and Houston are still less expensive to buy into than rent, even with the current housing costs and mortgage rates.
According to the experts interviewed by CBS News, the four metros listed above didn’t see the same run up during the pandemic that most of the nation saw. Home values have remained slightly lower than other metro areas and have kept it cheaper to buy into than rent.
Which golf towns are the most affordable right now?
Have you thought about moving into a town just to have access to fantastic golf courses? There are dozens of ‘golf towns’ throughout the country that cater to individuals and couples that value hitting the links above other key factors.
Realtor.com has surveyed these popular areas and listed out the 10 most affordable golf towns in the U.S. right now. The winner? Sun City, AZ is listed as the most affordable location to buy property on or near a golf course in the nation. Its median list price for such homes is only $299,000 and there are 28 courses in the area, including the well-known Sun City South Golf Course.
How much should homeowner’s insurance cost?
While the cost of housing and mortgage rates are often a topic of discussion when it comes to home purchase, buyers need to consider other factors as well. Homeowner’s insurance is a cost that needs to be factored into cost of living, but there are opportunities to save. *
The insurance experts at Guaranteed Rate Insurance** have worked out the list of factors that may impact your homeowners insurance costs, and potential areas that you can save. For example, choosing to bundle, taking a policy with a higher deductible, and working to reduce risk factors by including smart technology or burglar alarms.
Check out the rest of our advice and get a quote comparison from our team of insurance experts.
* Savings, if any, vary based on a variety of factors.
** Guaranteed Rate, Inc. may choose to recommend Guaranteed Rate Insurance, LLC insurance. Guaranteed Rate, Inc. has 100% ownership and a direct or indirect financial interest in Guaranteed Rate Insurance, LLC (d/b/a Guaranteed Rate Insurance Agency, LLC in California (License 0K09890), New Hampshire (License 2065537), and Texas (License 2557056). You are not required to use Guaranteed Rate Insurance, LLC as a condition for, settlement of your loan on, or purchase, sale, or refinance of, the subject property. There are frequently other settlement service providers available with similar services. You are free to shop around to determine that you are receiving the best services and the best rate for these services.
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