It’s Better to Buy a Home in Tampa Than Rent for 2018

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It is better to buy a home in Tampa than it is to rent in 2018, according to a recent report. Factors positively affecting the housing market include the supply of affordable homes, job growth, and the continued rise in monthly rents.

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Among the 40 counties across the country with more than 1 million residents, only three had housing markets where it was still cheaper to buy a home than rent one: Wayne County (Detroit), Mich.

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 · Nationally, it is more affordable to own a home with a mortgage than it is to rent, according to the Urban Institute, a non-profit social and economic policy research think tank. A median-income family spends 28% of its income to pay the median rent for a 3-bedroom house, according to the research organization.

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Last Updated on July 12, 2019. Q) Is Now the Time to Buy Real Estate in Florida? A) No, In My Opinion It is Not a Good Time to Buy a Home in Florida. Why? It’s still a seller’s market, so buyers are paying more than they need to.; Prices won’t be going much higher, much longer, so if you can wait you will be better off.

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For-sale homes typically were available on the market for less than a month with a median of 27 days in 2018, according to. much income is needed to buy the median priced home, the property taxes.

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