Reported about 17 hours ago
Owning a home has become significantly more expensive compared to renting, with the cost differential soaring to at least 35% in recent years, driven by higher mortgage rates and insurance premiums. Though renting offers more immediate affordability, many Americans still aspire to homeownership despite the persistent increase in home prices. Some renters are opting to remain in the rental market due to the high monthly payments associated with buying a home, which can outstrip the cost of renting.
Source: YAHOO