Rent prices have dropped the most in these 5 U.S. metro areas. Why it's cheaper to rent in many markets
Publishing timestamp: 2023-01-27 12:09:00
Summary
A new report from HouseCanary shows that despite rising U.S. rental prices, competition is easing in some markets as inventory grows. Mortgage rates have risen, making it cheaper to rent than buy in many markets. The report also found that some markets have seen a decrease in rental prices, while others have seen an increase. Factors such as mortgage interest rates and home prices can affect whether it is more affordable to rent or buy.
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Keywords: housing, interest rates, united states, housing rental, wealth, inflation, economic events, real estate, personal finance, mortgages, personal saving, microsoft corp, business news,
Source: https://www.cnbc.com/2023/01/27/metros-where-us-rent-prices-have-dropped-the-most.html