This month ATTOM Data Solutions, “curator of the nation’s largest fused property database,” released their 2017 Rental Affordability Report which says that buying a home is more affordable than renting in 66% of U.S. housing markets. The report used data from HUD, the Bureau of Labor Statistics and RealtyTrac on 540 counties with at least 900 homes in 2016.
“While buying continues to be more affordable than renting in the majority of U.S. markets, that equation could change quickly if mortgage rates keep rising in 2017,” said Daren Blomquist, senior vice president with ATTOM Data Solutions, the new parent company of RealtyTrac.
Click here to read ATTOM Data Solutions’ 2017 Rental Affordability Report.