The millions of American renters longing to buy a home are doing the math again after the Fed’s rate cut. It still doesn’t ...

If rent is less expensive than a new mortgage, ... According to data from Zillow, 19 percent of Americans plan to buy a home together with a friend or family member. Tagged in: ...

Nationally, the typical rent payment is $2,063 a month — $236 more than the typical monthly mortgage payment of $1,827. Zillow’s report assumed a 20% down payment, a 6.5% interest rate and a ...

Lately, however, the rent-or-buy calculus has favored the renter. Many factors go into the equation. ... Rent in central Durham averages around $1,700 a month. Renting is the cheaper option.

Local tenants enjoy the fourth-largest savings between what landlords charge and the cost of financing a home purchase.

A report from Zillow says the income required to comfortably spend the recommended 30% of income on rent for the median renter is up 40.6% since pre-pandemic times, to $79,264.

Rent vs Buy: Unpacking the emotional and financial calculus in a volatile market Owning an asset that also provides living utility excites for emotional and social reasons.

“Our annual index of rent growth was pretty stable in the last few years, from about 3 percent to 4 percent,” Jeff Tucker, a senior economist at the online real-estate marketplace Zillow, told me.