A combination of rising rents, lower mortgage rates and moderating home prices are making purchasing a home more attractive in many of the nation's largest metros, according to realtor.com's quarterly Rent vs. Buy report released Wednesday.
The report, which analyzed the cost of buying versus renting in 593 counties across the U.S., in the fourth quarter of 2019, found that it was cheaper to buy than rent in 16% of the counties with populations of 100,000 or more, up from 12% a year earlier. Despite homeownership becoming more affordable, it is still cheaper to rent than buy in 84% of the nation's largest counties, including New York City, San Francisco and Los Angeles.
Read More
