NextMortgage

Homeownership Remains More Affordable than Renting

Both home prices and rent costs have been rising substantially over the past two years. According to the most recent 20-city Case-Shiller home price index, home prices are up 18.4% year-over-year. Single-family rent prices are up 10.9% year-over-year. Though it initially appears that homes are more expensive than rent, it’s important to remember that these …

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