– Rental prices have fallen for the 15th straight month in all major metro areas
– Median asking rent in 50 metros is $1,720, down from previous months
– Median home listing price at $425,950, making monthly mortgage payment around 30% higher than rent
– Renting provides benefits like avoiding maintenance costs and offering flexibility to move
– Homeownership allows for building equity and long-term wealth
– Current mortgage rates are high, but buying can still be a smart choice for long-term benefits

The latest Realtor.com® Rental Report shows that renting is more affordable than buying in all major metro areas. While renting provides benefits like lower upfront costs and flexibility to move, homeownership offers the chance to build equity and long-term wealth. Although current mortgage rates are higher than in previous years, the stability of a fixed-rate mortgage and the security of owning your own home can outweigh the downsides of homeownership.

You can read this full article at: https://papersourceonline.com/how-much-more-a-single-family-home-costs-to-buy-than-rent/(subscription required)

Private Investors Capital is a professional private mortgage note buying firm with decades of experience. Contact us today for more information.