BluePerspectives

It’s cheaper to rent than buy a starter home in top 50 US metros: Report

According to new data released by Realtor.com, the cost of renting a starter home is cheaper than buying one in all 50 of the largest metropolitan areas across the United States. Rents for small homes and apartments fell by 0.4 percent in February, the seventh consecutive month of decline.

 Due to rising mortgage rates and falling rents, it’s cheaper to rent than buy a starter home in every one of the country’s 50 largest urban areas, according to new data from Realtor.com published Monday. Rents for apartments and modest homes decreased by about 0.4 percent in February, marking the seventh consecutive decline in… Due to rising mortgage rates and falling rents, it’s cheaper to rent than buy a starter home in every one of the country’s 50 largest urban areas, according to new data from Realtor.com published Monday. Rents for apartments and modest homes decreased by about 0.4 percent in February, which is the seventh consecutive decline in rents. 

According to new data released by Realtor.com, the cost of renting a starter home is cheaper than buying one in all 50 of the largest metropolitan areas across the United States. Rents for small homes and apartments fell by 0.4 percent in February, the seventh consecutive month of decline.

  

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