Homeownership’s Price Tag Rising as Rents Moderate

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Posted To: MND NewsWire

Taken together, two recent posts in the CoreLogic Insights blog may indicate that, after several years of being a close trade-off or even more affordable than renting, buying a home might be losing any advantage. Shu Chen writes that the growth in rents nationwide seems to be slowing after seven years of steady increases. CoreLogic’s Single-Family Rent Index (SFRI) shows that year-over-year rents, were increasing on an annual basis when the rate topped out at 4.3 percent in February 2016. The growth has been decelerating slowing since then. In November 2017 the year over year increase was 2.7 percent. The Index measures changes to the cost to rent single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time. The analysis is…(read more)

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