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There’s Never Been a Worse Time to Buy Instead of Rent

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   Walter Russell Mead
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There’s Never Been a Worse Time to Buy Instead of Rent

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https://www.wsj.com/economy/housing/theres-never-been-a-worse-time-to-buy-instead-of-rent-bd3e80d9

 1. Economy
    
    --------------------------------------------------------------------------------

 2. Housing
    
    --------------------------------------------------------------------------------

 3. Heard on the Street


THERE’S NEVER BEEN A WORSE TIME TO BUY INSTEAD OF RENT


IT IS NOW 52% MORE EXPENSIVE TO BUY A HOME THAN TO RENT ONE BECAUSE OF CLIMBING
MORTGAGE RATES

By

Carol Ryan


Oct. 22, 2023 9:00 pm ET

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From New York to Austin, America’s biggest cities are littered with vacant plots
of land. WSJ explains the unseen role property taxes play in the country’s
housing shortage. Photo Illustration: Amber Bragdon

Getting on the property ladder has rarely been tougher for first-time buyers.
But a tight housing market isn’t turning out to be a bonanza for landlords
either.

The cost of buying a home versus renting one is at its most extreme since at
least 1996. The average monthly new mortgage payment is 52% higher than the
average apartment rent, according to

CBRE
analysis. The last time the measure looked out of whack was before the 2008
housing crash. Even then, the premium peaked at 33% in the second quarter of
2006.



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--------------------------------------------------------------------------------

 1. U.S. Economy

HOME PRICES HIT FRESH RECORD IN SEPTEMBER

November 28, 2023

The S&P CoreLogic Case-Shiller National Home Price Index, which measures home
prices across the nation, rose 3.9% from a year earlier in September.

 * 

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--------------------------------------------------------------------------------

 1. Heard on the Street

THE PRICE IS WRONG FOR HOUSING

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Even if mortgage rates come down, today’s high home prices don’t seem
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 * 

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--------------------------------------------------------------------------------



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UKRAINIAN SNIPER BREAKS COVER TO CLAIM WORLD-RECORD HIT OF MORE THAN 2 MILES

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 1. 

WHEN WILL MORTGAGE RATES GO DOWN? REALTOR.COM SAYS BUYERS WILL 'START TO SEE
SOME RELIEF'

November 29, 2023

Home prices will drop next year, but so will inventory, Realtor.com says in its
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 * 

Continue To Article

--------------------------------------------------------------------------------

 1. 

U.S. HOME PRICES CONTINUE TO CLIMB, EVEN AS MORTGAGE RATES HEAD TO 8%

October 5, 2023

The median price of a U.S. home rose 0.4% year over year to $430,000 in
September, though price cuts grew

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--------------------------------------------------------------------------------


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