11/29/2021
Did you know – Buying is more affordable…
Rental Affordability Report by Attom Data Solution shows that buying is more affordable than renting in a majority of the markets they analyzed.
🔸 The report shows that on average, monthly fair market rent on a 3-bedroom property requires 38.6% of an average salary, while a monthly house payment on a median-priced home requires 36.6%
🔸 The median U.S. rent takes 29.1% of the typical household income and renters in 34 of the nation’s 35 largest markets spend a larger share of income on rent now than they did historically.
Keep in mind that both rent and home prices are rising faster than wages. So if you are seriously considering purchasing a new home, now is the time.
Take advantage of low mortgage rates and save!