Owning Is More Affordable than Renting in the Majority of the Country
Owning Is More Affordable than Renting in the Majority of the Country Owning Is More Affordable than Renting in the Majority of the Country Owning Is More Affordable than Renting in the Majority of the Country If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates , there’s something you should consider. According to the latest report from ATTOM Data , owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. . . Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion of average local wages than renting .” Other experts in the industry offer additio...