Renting Still More Affordable Than Buying in Most U.S. Markets -- Market Talk

Dow Jones

2025/02/18

1040 ET - Most U.S. metros have become more affordable for buyers and renters over the past year, but renting remains cheaper than buying in all but Detroit and Pittsburgh, according to Realtor.com. Last year, buying was less expensive in six markets, reflecting falling rents and high mortgage rates. The trend leans towards renting, with only Pittsburgh--$229,700 median price--and Detroit--$239,950--favoring buying. Despite a drop in rents from 2023 and 2024, they're still 16.1% higher than in January 2020, impacting renters' budgets. This affordability shift could boost renter households and lower homeownership rates in 2025. (chris.wack@wsj.com)

(END) Dow Jones Newswires

February 18, 2025 10:40 ET (15:40 GMT)

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Last year, buying was less expensive in six markets, reflecting falling rents and high mortgage rates. The trend leans towards renting, with only Pittsburgh--$229,700 median price--and Detroit--$239,950--favoring buying. Despite a drop in rents from 2023 and 2024, they're still 16.1% higher than in January 2020, impacting renters' budgets. This affordability shift could boost renter households and lower homeownership rates in 2025. (chris.wack@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 18, 2025 10:40 ET (15:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Renting Still More Affordable Than Buying in Most U.S. Markets -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRenting Still More Affordable Than Buying in Most U.S. Markets -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-18 23:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1040 ET - Most U.S. metros have become more affordable for buyers and renters over the past year, but renting remains cheaper than buying in all but Detroit and Pittsburgh, according to Realtor.com. Last year, buying was less expensive in six markets, reflecting falling rents and high mortgage rates. The trend leans towards renting, with only Pittsburgh--$229,700 median price--and Detroit--$239,950--favoring buying. Despite a drop in rents from 2023 and 2024, they're still 16.1% higher than in January 2020, impacting renters' budgets. This affordability shift could boost renter households and lower homeownership rates in 2025. (chris.wack@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 18, 2025 10:40 ET (15:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1169590202.USD","symbol_name":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512612041","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512612041","pubTimestamp":1739893200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1040 ET - Most U.S. metros have become more affordable for buyers and renters over the past year, but renting remains cheaper than buying in all but Detroit and Pittsburgh, according to Realtor.com. Last year, buying was less expensive in six markets, reflecting falling rents and high mortgage rates. The trend leans towards renting, with only Pittsburgh--$229,700 median price--and Detroit--$239,950--favoring buying. Despite a drop in rents from 2023 and 2024, they're still 16.1% higher than in January 2020, impacting renters' budgets. This affordability shift could boost renter households and lower homeownership rates in 2025. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","BK4111":"出版","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","BK7038":"出版","NWSA":"新闻集团","BK4588":"碎股","NWS.AU":"NEWS CORP - CLASS B- CDI","NWS":"新闻集团","BK4585":"ETF&股票定投概念"},"translate_title":"在大多数美国市场，租房仍然比买房更实惠——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NWSA":0.9,"NWS":0.9,"NWS.AU":0.9},"content_text":"1040 ET - Most U.S. metros have become more affordable for buyers and renters over the past year, but renting remains cheaper than buying in all but Detroit and Pittsburgh, according to Realtor.com. Last year, buying was less expensive in six markets, reflecting falling rents and high mortgage rates. The trend leans towards renting, with only Pittsburgh--$229,700 median price--and Detroit--$239,950--favoring buying. Despite a drop in rents from 2023 and 2024, they're still 16.1% higher than in January 2020, impacting renters' budgets. This affordability shift could boost renter households and lower homeownership rates in 2025. (chris.wack@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  February 18, 2025 10:40 ET (15:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}