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SANTA CLARA, CA—For many markets the reality has been thatrenting was cheaper than home ownership thanks to years ofskyrocketing home prices. Now, however, the combination of risingrents, lower mortgage rates and home prices that are beginning tomoderate is making purchasing a home more attractive in more of thenation's largest metros, according to realtor.com's newly-releasedquarterly Rent vs. Buy report.
The report, which analyzed the cost of buying versus renting in593 US counties in the fourth quarter of 2019, found that it wascheaper to buy than rent in 16% of the counties with populations of100,000 or more, up from 12% a year earlier.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
