Where is Rent Cheapest vs. Buying a New Home?

Published by
The Street

By Dan Weil The median U.S. rental price hit a record high (for the 16th consecutive month) of $1,876 in June. There’s plenty of evidence that home prices are out of control. For example, the median existing-home sales price hit $416,000 in June, jumping 13.4% from a year earlier, according to the National Association of Realtors. That represents 124 straight months of year-over-year increases, the longest streak on record. And the S&P CoreLogic Case-Shiller Home Price Index registered a whopping 20.4% gain in the 12 months through April. So it’s no surprise that in 38 of the 50 largest US met…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street