Mar 13, 2014
The answer to the question of whether it is less expensive to buy or rent a home, at least in St. Louis, is that it is currently less expensive to buy a home. This finding was recently published in a report by the chief economist at Trulia. In fact, buying a home in St. Louis is a 54% savings over renting, an estimate that bests the national average by 16%.
In its list of the top ten U.S. cities where buying a home is a safe financial investment, Trulia ranked St. Louis as number ten, with Detroit, Michigan topping the list followed by Gary, Indiana and Birmingham, Alabama.
With jumbo mortgage rates at their lowest in over two decades and continuing to remain lower than conventional rates, as well as Trulia's recent analysis pointing towards buying, the team of St. Louis residential real estate experts at Gladys Manion Real Estate believes that there could not be a better time than now to begin exploring homes for sale in and around St. Louis.
With the attentive and personalized assistance of the firm's president, Stafford Manion, and the rest of the dedicated team at Gladys Manion Real Estate, find out why they are the experts in St. Louis Luxury Real Estate. Explore St. Louis neighborhoods, and learn more about homes for sale in St. Louis' Central Corridor; The Central West End, Clayton, University City, Ladue, Frontenac, Huntleigh, Town & Country, Creve Coeur, Warson Woods, Kirkwood and Webster Groves.
Contact Gladys Manion Real Estate for more information about buying a home in St. Louis. We enjoy answering your questions, and providing you with additional information on the local real estate market. Call Gladys Manion at 314.721.4755, or send us an email.