5 Ways Tax Reform Has Impacted the 2018 Housing MarketStarting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double
Buying A Home Is Cheaper Than Renting In The Majority Of The US
The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report.
The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income.
The least affordable market for renting was Marin County, CA, just over the Golden Gate Bridge from San Francisco, where renters spend a staggering 79.5% of average wages on rent, while the most affordable market was Madison County, AL where 22.3% of average wages went to rent.
Other interesting findings in the report include:
Average rent rose faster than income in 60% of counties
Average rent rose faster than median home prices in 41% of counties
While median home prices rose faster than average rents in 58% of counties
Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find your dream home.
Since 2004, the Souza Group has specialized in premiere property listings and sales located in Clovis Unified and North Fresno market. Over 88% of our business is by Referral with friends referring f....
Latest Blog Posts
Buying a Home Is Cheaper Than Renting in the Majority of the USThe results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more
Millennials Spend About $93,000 on Rent by The Time They Hit 30March 27, 2018 8 Min ReadWe all know Millennials. They’re the resourceful, creative youngsters who grew up with the latest