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

Published on March 28, 2024

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 option than buying in all of the 50 largest metros,” it said. The monthly cost of purchasing a starter home in these metros was $1,027 more, or 60.1 percent higher, than renting one....

Continue reading on website
Other news

Some Experts Say Continued Illegal Migrant Crisis May Worsen Situation for First-Time Homebuyers

March 28, 2024
Since 2021, millions of illegal migrants have crossed into the United States, and major cities in sanctuary states from New York to California are now grappling with a crisis situation as shelters, city streets and even subways are bursting at the seams.Not only is the surge of humanity affecting city budgets and quality of life issues but also some real estate experts believe it will ultimately a

Johns Hopkins University Drops COVID-19 Shot Mandate for Non-Health Care Students

March 28, 2024
Johns Hopkins University has ended its COVID-19 shot mandate for the majority of its students as an increasing number of schools across the country continue to drop the requirement that students be forced to take the controversial shot before enrolling.The school updated its medical requirements for new non-health care students this morning: “In consultation with the Johns Hopkins University Healt