The cost of renting has outpaced the cost of buying a home in many of the nation's 100 largest metros, according to a recent study by Trulia. Here are some of the top-line takeaways of the report, which can be found at http://ME1214trulia.
The percentage of down payment that makes buying cheaper than renting in 94 of 100 metros.
The average nationwide saving from buying instead of renting.
The homeownership rate in Q3 2014, the lowest since 1995.
The highest savings from renting, in San Jose, Calif.
The cost increase of buying instead of renting in L.A. and N.Y.C.
The highest savings from buying, in Detroit.