For those of you in the Phoenix area who are still on the fence about whether to buy or rent a property, read this article from Forbes. There is so much dialogue about the “Millenials” who are forsaking home ownership for lack of affordability, lifestyle preferences and other criteria. This might be an interesting counterbalance! In general across the US, buying is on average 38% cheaper than renting. In our Phoenix market, buyers will save 33% when choosing to purchase a home instead of renting. This is compelling.
