Renting is Increasingly Cheaper Than Buying a Home
Mortgage rates remain high throughout the U.S. and a lack of supply is keeping home prices up.
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Mortgage rates remain high throughout the U.S. and a lack of supply is keeping home prices up.
Renting will be cheaper than owning a home for a long time, according to CBRE. CBRE said that as buying costs soar, rental demand tend to also climb. Owning
A report from CBRE found cap rate spreads are tightening and Fed interest rate cuts will only help the asset class in the eyes of investors.
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
Buying a home is now 52% more expensive than renting, a financial gap that is larger than during the 2006 housing bubble.