The results of the latest Rent vs. Buy Report published by Trulia, shows that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

Sales of single-family detached homes experienced a modest 2.2 percent decline in year-over-years sales in May, as 1,221 homes were sold compared to 1,249 homes sold in May 2016