Posts Tagged rent vs buy

Rent Growth Highest in 10 Months

mini houses on stacks of coins

Still think it’s cheaper to rent? According to recently released data from real estate analytics and listing firm, Zillow, rental prices in February accelerated at the fastest rate in 10 months. The company’s Real Estate Market Report found that February’s rent prices increased 2.4% compared to the same month last year. This significant gain caused the U.S. median rent price to $1,472. The median rent price in February 2018 was $1,438. Although the difference only amounts to an additional $34, this translates to more than $400/year in additional costs for the average renter. Zillow’s report revealed another interesting fact. Of

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National Association of Realtors names top markets where renters can afford to buy homes

house in shape of up arrow

With rent prices soaring across the nation, it’s no surprise more and more people are trying to make the shift from being a tenant to becoming a homeowner. But with so many high rent markets, it’s hard for some prospective buyers to save up enough cash for a substantial down payment. Fortunately, there are still some markets where the average renter can afford to buy a home. The National Association of Realtors recently identified these markets. 

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Rents Now Top List of Fastest-Rising Prices

Renting a home may provide some benefits that owning does not, like the freedom to move after a shorter period of time and low maintenance living. However, renting doesn’t always come cheap. In fact, a recent report from CNBC says the price of rental housing is now the fastest-rising cost for American households. While the cost of food, clothing and transportation has only made slight increases over the last year, the cost of rental housing has surged. According to CNBC, the government’s monthly report on the consumer price index indicated that in May 2016, the annual rise in rental income approached

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