• Rents Cheaper in Cities, Homeownership in Rural Regions

    15 days ago - By RIS Media

    Despite home prices that have continued to skyrocket and interest rates creeping up, owning a median-priced house remains more affordable than renting in a slim majority of U.S. counties, according to a new report from ATTOM Data Solutions -though in most large metros renting is cheaper.
    In 58% of counties, the monthly cost of owning a home takes up a smaller percentage of an individual's wages compared to monthly rental costs, the report found. At the same time, in 21 out of the 25 most populous counties, renting was the more affordable option.
    “Home prices are rising faster than both...
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  • Homeownership remains cheaper than renting, except in biggest cities

    Homeownership remains cheaper than renting, except in biggest cities

    16 days ago - By Inman

    A new analysis found that owning a median-priced home was more affordable than the average rent on a three-bedroom property in the majority of U.S. counties - except for big cities.
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