Renting Becomes More Affordable Option in Major U.S. Cities

Despite the White House's unrelenting enthusiasm for the current state of the U.S. economy, a new study reveals renting has overwhelmingly become the more affordable option in major U.S. cities. RENTING IS A BETTER BET IN MARKETS ACROSS THE US Dallas realtor Rogers Healy argued there is a rise in consumers who have a "short-term" business strategy, causing a major shift in real estate across the country. "I think it's shorter term thinking.

You know, I think it's about just stacking chips and getting in. Even if interest rates are 7.25%, which is what we're dealing with today. I think people are thinking short-term with business logic leading them versus emotional logic. And I think that really has shifted real estate all across the board, especially in cities like Dallas. We've got a great run ahead of us," the Dallas realtor told "Fox & Friends" earlier this week. The data showed that the monthly cost for a starter home in the largest 50 U.S

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Renting Expected to Remain the Less Expensive Choice in the Housing Market, Says CBREAccording to a recent report from CBRE, renting is expected to remain the less expensive choice in the housing market due to the current state of the market. The real estate firm states that it'll take some time for the gap between renting and home buying to start closing.
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