{"id":2054,"date":"2018-01-22T11:00:21","date_gmt":"2018-01-22T11:00:21","guid":{"rendered":"https:\/\/thezakariagroup.com\/buying-a-home-is-more-affordable-than-renting-in-54-of-us-counties\/"},"modified":"2018-01-22T11:00:21","modified_gmt":"2018-01-22T11:00:21","slug":"buying-a-home-is-more-affordable-than-renting-in-54-of-us-counties","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/buying-a-home-is-more-affordable-than-renting-in-54-of-us-counties\/","title":{"rendered":"Buying A Home Is More Affordable Than Renting In 54% Of US Counties"},"content":{"rendered":"
\n

\"Buying<\/p>\n

According to\u00a0ATTOM Data Solutions\u2019\u00a0<\/em>2018 Rental Affordability Report<\/em><\/a>, \u201cbuying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.\u201d<\/em><\/span><\/p>\n

For the report,\u00a0ATTOM Data Solutions\u00a0<\/em>compared recently released fair market rent data from the\u00a0Department of Housing and Urban Development\u00a0<\/em>with reported income amounts from the\u00a0Department of Labor and Statistics\u00a0<\/em>to determine the percentage of income that a family would have to spend on their monthly housing cost (rent or mortgage payments).<\/p>\n

Daren Blomquist,\u00a0Senior Vice President<\/em> of ATTOM Data Solutions\u00a0<\/em>had this to say:<\/p>\n

\n

\u201cAlthough buying is still more affordable than renting in the majority of U.S. housing markets, the majority is shrinking as home price appreciation continues to outpace rental growth in most areas.\u201d<\/em><\/p>\n<\/blockquote>\n

However, the report also shows that the average fair market rent rose faster than average weekly wages in 60% of the counties<\/strong> analyzed in the report (266 of 447 counties). With rents rising, many renters should consider buying a home soon.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Rents will continue to rise, and mortgage interest rates are still at historic lows. Before you sign or renew your next lease, let\u2019s get together to help you determine if you are able to buy a home of your own and lock in your monthly housing expense.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

According to\u00a0ATTOM Data Solutions\u2019\u00a02018 Rental Affordability Report, \u201cbuying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.\u201d For the report,\u00a0ATTOM Data Solutions\u00a0compared recently released fair market rent data from the\u00a0Department of Housing and Urban Development\u00a0with reported income amounts from the\u00a0Department […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[98,99,111],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nBuying A Home Is More Affordable Than Renting In 54% Of US Counties - 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