The benefit of homebuying vs. renting has increased


Renters are seeing their budgets increasingly squeezed as incomes stagnate while homeowners are reaping the benefits of lower mortgage rates.An analysis from Zillow shows that renters are paying out a larger share of their incomes on rents – an extra $2,000 a year – while homebuyers need a smaller share of their income to pay their mortgage.

Source: The benefit of homebuying vs. renting has increased