Aspiring homeowners who have been waiting for years for prices and mortgage rates to come down and supplies to expand are likely to continue putting off purchasing a property, as renting is currently more affordable than buying a starter home in every major city.A recent report from Realtor.
'Renting will remain more convenient than buying a starter home 'for several reasons,' Vance said, including the fact that 'long-term interest rates are expected to remain above pre-pandemic levels for an extended period, which will maintain upward pressure on the premium to buy versus rent.
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