Published 25 days ago

It’s cheaper to rent than buy a starter home in top 50 US metros: Report

Renting a starter home is more affordable than buying in all 50 largest metropolitan areas, with a median rent of $1,708, down from previous months.
Despite an increase in the S&P CoreLogic Case-Shiller U.S. National Home Price Index, Capital Economics predicts a rise in home prices and mortgage rates, with rental costs still remaining lower.
Mortgage rates have risen to 7.07% in March, contributing to a significant difference in cost between renting and buying, with rent as a share of income decreasing slightly.

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New York Post

It’s 60% cheaper to rent a home than buy across top 50 US metros — here are the worst cities for homebuyers

As of February, it’s cheaper to rent a home than buy one in all of the US’s top 50 metros — and by a staggeringly wide margin, according to a recent study. For a so-called “starter home” in any of these sought-after cities — which some have argued no longer exist thanks to sky-high borrowing...

26 days ago·New York, United States

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The Hill

It’s cheaper to rent than buy a starter home in top 50 US metros: Report

Due to rising mortgage rates and falling rents, it’s cheaper to rent than buy a starter home in every one of the country’s 50 largest metropolitan areas, according to new data from Realtor.com published Monday. February marked the seventh consecutive decline in rental prices for apartments and small homes, with rents falling by about 0.4 percent compared…

30 days ago·Washington, United States

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The Epoch Times

Renting Homes Cheaper Than Buying in Top 50 US Metros: Report

Renting a home is now more affordable than buying one in 50 large metros across the United States, with elevated mortgage rates being a key reason affecting home affordability. “In February 2024, the U.S. median rent continued to decline year-over-year for the seventh month in a row, down 0.4 percent for 0-2 bedroom properties across the top 50 metros,” according to a March 26 report from Realtor.com. Renting was found to be “a more affordable o…

30 days ago·New York, United States

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Business Insider

Renting is now cheaper than buying a home in every major US city — especially in these 29 markets where apartment dwellers can save at least 30% each month

Purchasing property in this market may backfire, according to a new report.xavierarnau/Getty ImagesBuying a house now makes less financial sense than renting, according to Realtor.com.High home prices and mortgage rates continue to weigh on home affordability.Here are 29 cities where renting is less costly relative to buying.Renters in large US cities shouldn't be in any rush to buy a home, new research shows.Staying in an apartment now costs le…

1 month ago·United States

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MarketWatch

Renting is now cheaper than owning in all of America’s 50 biggest metro areas

It’s more affordable to rent rather than buy in the top 50 metros in the U.S., according to a report by Realtor.com.

1 month ago·United States

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Fortune

Renting will be cheaper than buying for years

Home prices and rents are high, but the latter “will remain by far the most cost-effective option,” until the end of 2026, Capital Economics predicts.

1 month ago·New York, United States

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