Renting Archive

Rent or Buy?

The cliché says that there has never been a better time to buy.  The hard data in the housing affordability index confirms that.  The affordability index, which takes into account median income, median home price, and mortgage rates, has...

May 2011 RCI Results Show Apartment Rents Rising

Based on information from the May Realtors® Confidence Index, increasing numbers of Realtors® are reporting rising Apartment rents. A total of 64 percent reported rents as rising or constant (48 percent rising, 16 percent constant), while 15 percent reported...

More Renters Qualified to Buy, Part Two

This article is the second in a series.  The first article can be found here. Many factors have increased the number of renter households qualified to purchase a home in 2010 versus 2005: 1) incomes have increased, 2) population...

More Renters Qualified to Buy

Many factors have increased the number of renter households qualified to purchase a home in 2010 versus 2005: 1) incomes have increased, 2) population has grown, 3) prices have fallen, and 4) mortgage rates are lower. The graph above...

Homeownership Rates

The homeownership rate declined a notch in the latest data to 66.5 percent in the first quarter of 2011, down from 66.6 percent in the prior quarter.  It marks the broad continuing decline since the peak bubble year in...