As the rent vs. buy debate continues, this Wall Street Journal article is an absolute must read. The article compares the average rent and mortgage rates of 27 metro areas with interactive charts to get a full understanding of major U.S. markets. See who’s in the green and in the red for housing affordability (and for exactly how much).
Check out the article here: Stronger Lure for Prospective Home Buyers
After you read that article, skim Florida International University’s latest study that answers the following questions: Should individuals buy or rent? What is the evidence on this question? What is the present condition of the U.S. housing market? Relatively speaking, how affordable is housing today? This may be a great study to share with your clients or use to rattle off a few key facts!