Wondering whether you should buy or rent in Charlotte?
According to a recent report in the Triangle Business Journal, you may be surprised to hear experts say it is the perfect time to buy in Charlotte. Data from the National Association of Realtors and Reis (real estate research firm) concurs this finding by comparing the average monthly rent cost to the average monthly mortgage payment. In Charlotte, the data revealed the average apartment rent was 108% of the average monthly mortgage payment.
With the economy in bloom currently, this is great news! Buying is always a better investment when compared to renting a home and with the additional perk of paying lower costs compared to renting it’s a win-win for buyers!
