Cost Gap Narrowing Between Buying vs. Renting
Lower mortgage rates and moderating home prices are making purchasing a home over renting more tempting in several of the nation’s metros, according to realtor.com®’s newly released Rent vs. Buy report. While the gap is starting to narrow between buying and renting nationwide, it is still more expensive to purchase a home in the majority of larger metros than rent. The median monthly cost to purchase a U.S.