Industry NewsTechnology

Trulia launches rent-vs.-buy index

Price-to-rent ratios cover 50 biggest U.S. cities

Real estate search site Trulia has launched an index that compares average list prices and rents in the 50 biggest cities in the United States, the site announced Thursday. The site calculated price-to-rent ratios for two-bedroom apartments, condominiums and townhomes in the 50 most populous cities in the country. Cities in states where foreclosure rates have been high top the list of places where it's better to buy such a property than to rent it.     See related articles:Trulia debuts rental searchCalifornia home affordability up from '08     "At the peak of the real estate bubble, cities like Miami, Phoenix and Las Vegas were not affordable for many. Now the opposite is true," said Pete Flint, Trulia's co-founder and CEO, in a statement. "Home sellers in these hard-hit areas are forced to lower their prices to compete with all the foreclosures on the market. As a result, these unattainable markets are so affordable...

Comments