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Tag Archives: Rental

Buying Remains the Cheaper Option, but for How Long?

Buying might still be cheaper than renting in major U.S. metros, but rising prices and stalling rents could soon flip that dynamic. A new report by Trulia shows how the most expensive U.S. markets could see a rise in rentals. A lot depends on federal policy over the next couple years.

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Homeownership Rising Faster Than Rentals

According to the Census Bureau, the homeownersip rate of 63.6 percent was not statistically different from the Q1 2016 rate of 63.5 percent or the Q4 2016 rate of 63.7 percent. However, despite this unchanged data, Trulia Chief Economist Ralph McLaughlin noted that there is still surprising news out of this quarter’s report, as the number of owner occupied households grew faster than the rate of rental households for the first time in 11 years.

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Cleveland, Detroit Top Rental Investment Markets

A recent report revealed that the nation’s top grossing single-family rental markets are mostly noncoastal, Midwestern states, with Cleveland, Ohio, taking the top spot. At No. 2 and 3 were Detroit and Dayton, Ohio, respectively. Memphis and Toledo rounded out the top five.

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