From a Zillow press release comes the following!
San Antonio and Nashville Named Sweet Spots for Homeownership
A strong labor market and short Breakeven Horizon make San Antonio an optimal place for home ownership.
Zillow’s sweet spot analysis found places where employment and income growth are on the rise, and where you can break even on a home purchase in the shortest amount of time.
– The U.S. Breakeven Horizon is one year and eight months, which is the number of years home buyers need to own a home to make buying it more financially advantageous than renting it.
– Long Breakeven Horizons in Silicon Valley are driving major tech towns down Zillow’s list of homeownership sweet spots despite their hot job markets. The Breakeven Horizon in San Jose is more than three years.
