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Ricardo Cobos
659 followers -
I help people buy and sell real estate in Garner and the surrounding areas of Wake County.
I help people buy and sell real estate in Garner and the surrounding areas of Wake County.

659 followers
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There's an old adage He Who Has the Gold Makes the Rules aka ' The Other Golden Rule'. Nothing could be further from the truth in this scenario so the best answer here is 'It depends'.
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A typical home for sale in Soughgate Subdivision August 2018 (Garner, NC 27529) Southgate in Garner is a mature large lot subdivision in S. Garner in Johnston county made of up primarily of starter homes which were built in the late 1990’s. Although there…
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With real estate prices on the rise across Wake County and the region of the Research Triangle of Raleigh-Cary-Durham, mortgage lenders and banks that have been carrying so-called ‘shadow inventory’ since the end of the Great Recession have ramped up…
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The cost of buying a home is rising three times faster than the cost to rent.


‘The monthly cost of buying a home — which includes mortgage payments, taxes and insurance — jumped 14% between July 2017 and July 2018, according to a report released Thursday by Realtor.com. Comparatively, it only became 4% more expensive to rent a home over that same period.’

Despite the rising costs of homeownership here in RDU which have been attributed to rising mortgage interest rates and rising home prices, it is still very affordable in some parts of the Triangle to own your own home. In fact, due to limited availability of single family detached homes to rent, it still may be cheaper to own a home than to rent. But for how long?
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