Buying is more affordable than renting in 98 out of the nation’s 100 largest metropolitan areas – even in New York, Los Angeles and Boston, according to real estate company Trulia’s rent vs. buy index. To read more from this report from Housingwire please visit this link: http://www.housingwire.com/news/buying-cheaper-renting-nearly-100-major-us-markets-trulia

Pete and I are also seeing this trend in the Albuquerque Real Estate Market. We are working with a number of clients that are purchasing properties where their mortgage payments are less than their current rent. One of the major factors that are allowing lower mortgage payments is that interest rates are at all time lows. If you would like to know more about how you can save money and STOP renting please contact Pete Veres or Sean Hellmann.

The Elite Asset Management Team has some great relationships with lenders with great First Time Buyer loan programs and other affordable loan programs.

Enjoy the article and have a great week!

Pete & Sean