Home prices may be on the rise across the country, but you’re still better off buying a home in most states in the U.S. than renting one. Consumers in only 11 states will find renting more affordable than buying a home, according to a new study by GOBankingRates, a personal finance website.
GOBankingRates analyzed the cost of renting versus owning a home in all 50 states and the District of Columbia. Researchers looked at estimated rent prices for all homes listed on a real estate website. It then calculated the estimated monthly mortgage to own a home in each state, based on the median list price of homes, a 20 percent down payment, and a 30-year fixed-rate loan.
"My goal is simple...To help People. My commitment to help is fueled by my passion to make a difference in the lives of my clients".
Scottie Smith, a native of Houston,Texas, has an extensive background in real estate. Mr. Smith specializes in sales,investments, property analysis and valuation of multifamily and single family properties in Texas. He has been recognized nationally as an exceptional leader in real estate and locally by the City of Denton Mayor, And the Dallas Chamber of Commerce as a leader in providing housing for the public. Mr. Smith’s passion for real estate as well as his drive to create the perfect real estate transaction is what drives his success. Because of this, Mr. Smith was awarded one of the Top Honors by the National Association of Realtor as one of the Top 30 young Real Estate Brokers Under 30.
Scottie Smith holds a B.B.A in finance from the University of North Texas and a M.S in accounting from the University of Notre Dame. While attending the University of North Texas, Scottie completed his first real estate transaction at the age of only 19.