Millennials (ages 25-34) are often torn whether to rent or buy a home. According to Trulia.com, in 98 out of 100 top markets, buying is less expense that renting due in large part to interest rates.
“Even with their unique financial and living situations, it is still better for Millennials to buy a home rather than rent in most cities. ….. According to the results, “Buying is not only 23% cheaper than renting nationally, it is also cheaper than renting in 98 of the nation’s top 100 markets,” Trulia said…”