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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Rent-Buy and Price-Income Data Show Continuing Improvement in Housing
Price-Income ratios, based on both disposable and per capita disposable income point to moderate gains in the last three months as home prices continue to advance. A comparion of buying and renting shows that the ratio slightly favors buying compared to the average market condition since 1987, leaving room for further gains in housing. The [...]