Renting and/or owning a home continues to be a financial burden for average U.S. workers, according to ATTOM’s 2024 Rental Affordability Report, which showed that rents are growing faster than wages in most markets, outpacing home prices in nearly all of them.
Read More »Rents Decline for Fourth Straight Month as Homebuying Costs Elevate
"Rents have registered steady declines for the past four months and, while they remain well above pre-pandemic levels, when you factor in the impact of record-high mortgage rates and high home prices, it's understandable that many would-be homebuyers are choosing to remain on the sidelines," said Danielle Hale, Chief Economist at Realtor.com.
Read More »More Than Half of Americans Fear They Will Never Own a Home
Among Americans who don’t currently own a home, 51% say they’re worried they will never attain homeownership, according to a new survey from LendingTree. Mortgage rates topped 7% last month and home prices hit new highs in June.
Read More »Renting Now Cheaper Than Buying in Nearly All Highest-Populated U.S. Cities
According to a new study from Home Bay, it is cheaper to rent than purchase a home in 45 of the 50 most populous U.S. cities, with San Jose, California, ranked the most expensive city for buying a home, whereas Pittsburgh was named the most affordable.
Read More »Study Finds Renting More Affordable Than Starter Homes
According to the Realtor.com Monthly Renter Report for December 2022, on average, a typical renter from the top 50 metros analyzed faced 41.4% lower monthly payments than a first-time homeowner.
Read More »Rent Rises Faster Than Home Prices; Still More Affordable Option
This news comes even as rents have risen faster than home prices over the last year in about half of the country.
Read More »Cities Where Renting Is More Economical Than Buying
With home shoppers faced with the choice between signing a lease or a mortgage, LendingTree analyzes the implications of both options across the nation's largest metros.
Read More »Renters Struggling to Stay Afloat
Households are resorting to non-traditional sources of income to meet financial obligations during the pandemic in a time when many fell behind on their payments.
Read More »Remote Work Boosts Black Renters’ Ability to Buy Homes
According to a recent report published by Zillow, the recent rise in remote work, which has resulted from COVID-19, has affected the housing industry in interesting ways. Zillow data shows that among American renters, Black renters are 29% more likely ...
Read More »The Renting Balance
In these major metro areas, Americans are split on renting. Where is renting heavily focused?
Read More »