Market may tip toward buying in 2011

Search news

Market may tip toward buying in 2011

January 11, 2011 - Though a shaky housing market in 2010 encouraged many consumers to seek an apartment, analysts say low home prices may push more into moving into a new home this year.

Experts told Fortune that demand for apartments elevated rental prices in 2010, while high supply and rampant foreclosures continued to depress home prices. The upshot may mean that buying a home in certain cities has now become more affordable than renting.

"By mid 2011 and certainly by end of 2011, buying will be superior to renting in most parts of the country," Mark Zandi of Moody's Analytics told the source.

Data from Moody's Analytics compared the rental and home prices in more than 50 metropolitan areas around the country and represented it with a ratio. According to that data, home prices in cities such as Atlanta, Detroit and Cleveland make buying a home there more affordable than renting. Comparatively, buyers moving to New York, Seattle or Nashville would likely be better off renting an apartment rather than buying a home.

The rent versus own debate has given many relocating families pause over the past year. A similar report from Trulia.com earlier this year showed that renting an apartment in New York or Seattle was a smarter move, while prices in Arlington, Texas; Fresno, California, and Miami favored homebuyers.

Recent Articles

Actor Hayden Christensen selling Studio City pad

Star Wars fans may be surprised to hear Anakin Skywalker, also known as actor Hayden Christensen, may be calling for a moving company and selling his house in Studio City.

Friday, October 05 2012 15:15

Former pro baseball player Reggie Sanders selling SC beach house

Reggie Sanders list of properties is almost as extensive as his list of teams, however, he appears to be unloading homes across the country.

Thursday, October 04 2012 13:25

Hollywood couple John Krasinski and Emily Blunt buy in LA

Celebrity news sites report actor John Krasinski and actress Emily Blunt may be comparing prices of moving companies around Los Angeles, as they have purchased a home in the affluent city of Ojai.

Wednesday, October 03 2012 13:25

Tips for prepping to move cross-country

When relocating across the country, those moving may need to take some extra steps for a more successful relocation.

Wednesday, October 03 2012 13:24

Singer Sheryl Crow moving out of Hollywood Hills home

The Grammy-winning singer Sheryl Crow has been buying and selling homes throughout the country, as she currently owns a waterfront home in Florida and recently purchased a large ranch-style home in Nashville, Tennessee, just last year.

Wednesday, October 03 2012 13:22

Related Categories

Apartments News

New York apartment rented by Will Smith now listed for sale
Fans of actor Will Smith may be tempted to purchase the apartment he stayed in while filming the newest Men in Black movie.

Friday, April 27 2012 16:54

Hank Azaria needs a moving company in Soho
Funny man Hank Azaria, who provides many of the character voices for long-running animated comedy "The Simpsons" needs a moving company in New York City.

Monday, August 01 2011 16:47

Tom Brady sells New York City condo
After it sat on the market for four years, superstar quarterback Tom Brady was finally able to shed his New York City condominium and get on with moving to his new home in Los Angeles.

Thursday, March 24 2011 08:31

Some celebrities renting instead of buying
With all the difficulties many homesellers are having selling their properties and getting their moving plans going, is it any surprise some of the world's rich and famous are choosing to rent their next home instead of buying it?

Friday, March 18 2011 09:40

Finding next year's off-campus apartment
With the second semester at many universities in full swing, a number of undergraduate students may already be considering their future relocation out of a dormitory and into their own off-campus apartment.

Monday, March 07 2011 10:13

Homes for Sale News

Former pro baseball player Reggie Sanders selling SC beach house
Reggie Sanders list of properties is almost as extensive as his list of teams, however, he appears to be unloading homes across the country.

Thursday, October 04 2012 13:25

Former CA home of comedian Phyllis Diller up for sale
Celebrity news sites report the longtime estate of the late Phyllis Diller is ready for buyers, as it has appeared on the market with a $12.9 million asking price.

Friday, September 28 2012 17:54

Actress Reese Witherspoon selling California home
Celebrity real estate sites report that Reese Witherspoon may be moving boxes out of the ranch actor Rob Pattinson recently retreated to as it has appeared on the market for sale.

Tuesday, September 18 2012 16:43

MLB player Ryan Madson moving out of California home
After recently finding out that MLB pitcher Ryan Madson is out for the season due to an injury, fans may be surprised to hear he has also listed his home in Ladera Ranch, California, for sale.

Thursday, May 03 2012 15:27

Former Jaguars owner moving out of Jacksonville mansion
The National Association of Realtors reports that after selling his NFL team, former Jacksonville Jaguars owner Wayne Weaver has listed his home in Jacksonville, Florida, for sale.

Monday, April 30 2012 17:04

Neighborhood Research News

Aspen immune from housing's pitfalls
A report says one Colorado community has bucked national trends and insulated itself from the price drops and market difficulties that have reduced home sales, encouraging more residents into relocating to the area.

Thursday, March 10 2011 10:21

Supply climbs in New York City and San Francisco
A new report shows families moving to New York City and San Francisco, have a higher supply of homes to choose from.

Wednesday, March 09 2011 12:03

Property values continued to drop in fourth quarter
With prices dropping at a steady rate through the fourth quarter of 2010, moving to a new home has rarely been as affordable as it is today, said a report.

Thursday, March 03 2011 10:13

Las Vegas home sales improve year-over-year
Home sales in Sin City improved from their year-ago levels for the first time in seven months, possibly a sign that families are again considering moving to Las Vegas.

Wednesday, March 02 2011 09:50

Prices in D.C. more stable than most cities
Those moving to Washington, D.C., in recent months have been enjoying the benefits of one of the country's strongest real estate markets. That fact became more apparent with the release of the latest Standard & Poor's report.

Thursday, February 24 2011 10:26

Real Estate News

Actor Hayden Christensen selling Studio City pad
Star Wars fans may be surprised to hear Anakin Skywalker, also known as actor Hayden Christensen, may be calling for a moving company and selling his house in Studio City.

Friday, October 05 2012 15:15

Thursday, October 04 2012 13:25

Singer Sheryl Crow moving out of Hollywood Hills home
The Grammy-winning singer Sheryl Crow has been buying and selling homes throughout the country, as she currently owns a waterfront home in Florida and recently purchased a large ranch-style home in Nashville, Tennessee, just last year.

Wednesday, October 03 2012 13:22

Actor Christopher Meloni buys home in Connecticut
Celebrity news site Curbed reports former Law and Order star Christopher Meloni may be calling for movers as he will be relocating to Canaan, Connecticut.

Monday, October 01 2012 17:01

Friday, September 28 2012 17:54

1 Week Before Your Move

Apartment Decorating Tips: Cheap Ways to Spruce Up Your Pad

10 Questions to Ask Before Hiring a Cleaning Service

Auto Insurance: What You Need to Know

After the Offer: What You Should Ask Yourself

Relocation.com
In the Press

A Moving Company's Moving Story
June, 2012

Relocation.com's survey was recently featured on the front page of USA Today. The headline entitled "Moving in Hard Times" highlighted our results that moving and relocating behaviors were only moderately influenced by the economy.

Our lifestyle survey found that Americans are seeking smaller homes and a suburban lifestyle. These riveting results were recently featured on USAToday.com in an article entitled "American dream shrinks as smaller homes gain favor."

"This user-friendly site includes a blog and a subscription-only newsletter, too"

"Relocation.com provides you with all the tools you need to get quotes quickly from movers in your area."

The more you know, the better your move will go. Check out helpful articles by our pros.