To calculate the price - rent ratio, you should take the median purchase price of a property in your area and divide this median number to 12 times the median rental price. (mortgagecalculator.biz)
Most buyers find that their closing costs are between 2 and 5 % of the total purchase price of the property. (northpointe.com)
In these scenarios, the average purchase price of properties goes up and buyers can not find the best bargains. (mortgagecalculator.biz)