10 of the best places to buy a home instead of renting via CNBCMakeIt
More Americans are renting than at any point in the past 50 years, thanks in part to rising home prices. But there are a few parts of the country where it might make more financial sense to buy.
Overall, the report concludes, it's still more expensive to buy than rent in most parts of the country — and, in fact, rising home prices are outpacing rent increases, which could induce even more prospective buyers to keep renting instead. The median-priced home's monthly cost increased 6% from last year to $1,593, compared to a 4% increase in rent to $1,319 per month.
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