More Starter Homes Are Hitting the Market
More entry-level homes – also known as starter homes – are popping up on the market.
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Cheaper to buy than rent in most metro markets
Even though asking home prices rose 7.0% in the last year, outpacing rent increases of 3.2%, the gap between buying and renting has narrowed only slightly. One year ago, buying was 46% cheaper than renting. Today’s it’s 44% cheaper to buy versus rent. In fact, homeownership is cheaper than renting in all of America’s 100…
