Reported about 2 months ago
A recent Realtor.com report indicates that renting is currently more affordable than buying in all 50 major metropolitan areas in the U.S. Senior economist Ralph McLaughlin emphasized that this marks the 12th consecutive month of year-over-year rent decreases, particularly notable in pricey markets on the West Coast and Texas. Although rents have decreased by nearly 1.5%, some cities like New York and Birmingham show a narrowing gap in prices, potentially prompting more buyers to enter the market if mortgage rates decrease in the coming months.
Source: YAHOO