Comparisons of the costs of buying a home to renting a home favor buying, though not by a huge margin currently. The first chart shows the ratio of the S&P/Case-Shiller 10-City Home Price Index to the Consumer Price Index for Renting a primary residence. The ratio is scaled so that the average value over the [...]
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Charts of Rent vs. Buy and Inflation Adjusted Home Prices
Based on data from the latest S&P/Case-Shiller Home Price Indices and the US Consumer Price Index, we show a chart of relative costs of renting or buying a home and the impact of inflation on home prices. Buying is slightly favored over renting compared to the average since 1987 for the S&P/Case-Shiller 10-City Composite. In [...]