KTAR
A recent survey conducted by the real estate website Zillow says that homebuyers in the Phoenix area can expect to break even on their purchase in a little over two years.
According to the site, despite the fact that buyers in most markets can break even on purchases of new homes in less than two years, approximately half of renters in Zillow’s survey say their credit or financial situations have prevented them from becoming home owners.
The reason?
Per Zillow Chief Economist Dr. Stan Humphries, it’s all about commitment.
