Rent or Buy. The Biggest Deciding Factors in Today’s Housing Market
Pro Builder
APRIL 27, 2023
Across the 50 largest metro areas in the U.S., the average renter pays about 40% less per month than a first-time homeowner, and in December 2022, it was cheaper to rent than buy in 45 of those metros, CNBC reports. You buy it based on the monthly payment that’s going to be principal and interest and insurance and property taxes.
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