Cách đặt tên con hợp tuổi bố mẹ chuẩn phong thủy, mang lại may mắn
Study: Renting Beats Buying in Vast Majority of U.S.
Boca Raton, Fla., March 07, 2023 (GLOBE NEWSWIRE) -- Despite widespread home price declines, renting still makes more sense than owning in the vast majority of U.S. housing markets, according to researchers at Florida Atlantic University and Florida International University.
The Beracha, Hardin & Johnson National Price-to-Rent Ratios Monthly Report for January shows that homes still are selling for more than they should in 97 of 99 markets, an indication that renting is more favorable than homeownership.
'Home prices are down, but they are still too high and near record levels so we expect further price corrections in the future,” said Ken H. Johnson, Ph.D., a co-author of the report and an economist in FAU’s College of Business. 'While rents also are on the rise, consumers are better off financially in most areas if they hold off buying until home price declines level off.'
Metro areas such as McAllen, Texas; San Jose, California; San Francisco; and Honolulu are among the most renter-friendly markets nationwide with price-to-rent ratios well above the local historic averages. Those areas could face sharp price reductions in the months ahead.
A market’s price-to-rent ratio is measured by dividing the average home price by the average annual rent. The calculation is compared to the historic price-to-rent ratio for the market to determine if owning or renting is preferred. Price-to-rent ratios above the local historic average indicate renting is better, while scores below the historic average suggest buying is better.
'Traditionally homeowners have been able to build wealth faster than renters, but those who rent can still build a sizable nest egg if they are disciplined,' said Eli Beracha, Ph.D., a co-author and director of FIU's Hollo School of Real Estate. 'In order to replicate equity creation, renters should invest the money they otherwise would have spent on maintaining their homes.'
Only two markets (Springfield, Massachusetts and Cape Coral-Fort Myers) have negative price-to-rent scores or discounts, implying owning is, on average, better than renting in financial terms.
Renters in Springfield paid an average of about $1,615 in January, a year-over-year increase of 14.73 percent, leading all 100 markets analyzed by the Waller Weeks & Johnson Rental Index.
Meanwhile, Cape Coral is still recovering from the effects of Hurricane Ian in September. The Category 4 storm destroyed or badly damaged homes and rentals that have since been taken out of the housing stock, worsening the supply problem that already existed in Southwest Florida.
'In these two markets, home prices are falling, if only slightly, while rents are rising at an astounding rate,” Johnson said.
The BH&J monthly report is produced by Johnson, Beracha and FIU College of Business Dean William Hardin, Ph.D. It combines raw housing prices and rents from Zillow’s Housing Value Index and Zillow's Observed Rental Index.
The shortage of both rental and for-sale units is driving high rents and home prices. The construction of needed units will help bring the housing crisis under control, the researchers said.

TIN LIÊN QUAN
Renters Get Sticker Shock in Three New England Markets
Index: Nation’s Most Overvalued Metros Clustered in Florida...
Legacy Housing Corporation Announces Timing of Fourth
BEDFORD, Texas, March 09, 2023 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (the 'Company” or “Legacy', NASDAQ: LEGH) will release earnings for the...
The Used and Refurbished Smartphone Market is anticipated
Hyderabad, March 10, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled “Used and Refurbished Smartphone Market Share-2023-2028”,...
Outdoor Flooring Market Expected to Reach USD 2621.1
Outdoor Flooring Market Research Report by Material (Wood, Ceramics, Concrete, and Others), Type (Tile, Decking, and Others), End User (Residential,...
THỦ THUẬT HAY
Cách chỉnh sửa thông tin trên PC Covid cực dễ không phải ai cũng biết
Bạn có thể chỉnh sửa lại thông tin cá nhân trên PC Covid cho đúng để hiển thị thông tin tiêm chủng PC Covid chính xác nhất. Sau đây là cách chỉnh sửa thông tin trên PC Covid...
Cách cài đặt hình nền động trong Windows 11
Bạn muốn cài đặt hình nền động cho máy tính chạy Windows 11 bằng ảnh GIF, video, thậm chí phát trực tiếp video Youtube trên màn hình nền? Trong bài này, sẽ hướng dẫn các bạn cách thực hiện.
Cách ẩn file và thư mục trên Windows 10 search
Đôi khi trong một số trường hợp nào đó bạn muốn đảm bảo các file và thư mục quan trọng của mình không hiện thị trên Windows 10 search (bao gồm Start Menu / Taskbar / Cortana search) vì lý do bảo mật.
Cách làm thanh taskbar Windows 10 trong suốt trong tích tắc
Trên Windows 10, Microsoft không cho phép người dùng làm thanh taskbar trong suốt hoàn toàn như Win 7 được. Tuy nhiên, mình xin hướng dẫn các bạn...
ĐÁNH GIÁ NHANH
Đánh giá camera Zenfone 3 Max 5,5 inch: Nhiều tính năng,...
Thế giới di động - Tuy không được Asus nhấn mạnh vào camera mà nhấn mạnh vào pin, nhưng Zenfone 3 Max phiên bản 5,5 inch lại có một camera rất khá so với các sản...