[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f152enkjj7e5at":3,"$ffeh0925h8cuz":50,"$fbwk2pqjjqsc7":54},{"item":4,"previous":38,"next":44},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":36,"updatedAt":37},1802,"owning-a-home-is-still-more-affordable-than-renting-one","Owning a Home Is Still More Affordable Than Renting One","If spending more time at home over the past year is making you really think hard about \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F01\u002F12\u002F4-reasons-people-are-buying-homes-in-2021\u002F\">buying\u003C\u002Fa> a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F01\u002F11\u002Fwhat-does-2021-have-in-store-for-home-values\u002F\">rise\u003C\u002Fa>. According to the experts, in many cases, \u003Cstrong>it’s still more affordable to buy a home than rent one\u003C\u002Fstrong>. Here’s why.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F01\u002F19103210\u002F20210120-KCM-Share.jpg","If spending more time at home over the past year is making you really think hard about \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F01\u002F12\u002F4-reasons-people-are-buying-homes-in-2021\u002F\">buying\u003C\u002Fa> a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F01\u002F11\u002Fwhat-does-2021-have-in-store-for-home-values\u002F\">rise\u003C\u002Fa>. According to the experts, in many cases, \u003Cstrong>it’s still more affordable to buy a home than rent one\u003C\u002Fstrong>. Here’s why.\u003C!--more-->\r\n\r\n\u003Cem>ATTOM Data Solutions\u003C\u002Fem> recently released the \u003Ca href=\"https:\u002F\u002Fwww.attomdata.com\u002Fnews\u002Fmarket-trends\u002Fhome-sales-prices\u002Fattom-data-solutions-2021-rental-affordability-report\u002F\">\u003Cem>2021 Rental Affordability Report\u003C\u002Fem>\u003C\u002Fa>, which states:\r\n\u003Cblockquote>\u003Cem>“\u003Cstrong>Owning\u003C\u002Fstrong> a median-priced three-bedroom home \u003Cstrong>is more affordable than renting\u003C\u002Fstrong> a three-bedroom property in 572, or \u003Cstrong>63 percent of the 915 U.S. counties analyzed for the report\u003C\u002Fstrong>.\u003C\u002Fem>\r\n\r\n\u003Cem>That has happened even though median home prices have increased more than average rents over the past year in 83 percent of those counties and have risen more than wages in almost two-thirds of the nation.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>How is this possible? \u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe answer: historically low mortgage interest \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F01\u002F19\u002Fshould-i-wait-for-lower-mortgage-interest-rates\u002F\">rates\u003C\u002Fa>. Todd Teta, \u003Cem>Chief Product Officer\u003C\u002Fem> with \u003Cem>ATTOM Data Solutions\u003C\u002Fem>, explains:\r\n\u003Cblockquote>\u003Cem>“Home-prices are rising faster than rents and wages in a majority of the country. Yet, \u003Cstrong>home ownership is still more affordable\u003C\u002Fstrong>, as amazingly \u003Cstrong>low mortgage rates\u003C\u002Fstrong> that dropped below 3 percent \u003Cstrong>are helping to keep the cost of rising home prices in check.\u003C\u002Fstrong>” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nIn 2020, mortgage rates reached all-time lows \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2021\u002F01\u002F05\u002Fwhy-not-to-wait-until-spring-to-make-a-move\u002F\">16 times\u003C\u002Fa>, and so far, they’re continuing to hover in low territory this \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002Fpmms_archives.html\">year\u003C\u002Fa>. These low rates are a big factor in driving affordability. Teta also notes:\r\n\u003Cblockquote>\u003Cem>“It’s startling to see that kind of trend. But \u003Cstrong>it shows how both the cost of renting has been relatively high compared to the cost of ownership and how declining interest rates are having a notable impact on the housing market and home ownership.\u003C\u002Fstrong> The coming year is totally uncertain, amid so many questions connected to the Coronavirus pandemic and the broader economy. But right now, owning a home still appears to be a financially-sound choice for those who can afford it.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re considering buying a home this year, let’s connect today to discuss the options that match your budget while affordability is in your favor.","\r\nIf you’re considering buying a home this year, let’s connect today to discuss the options that match your budget while affordability is in your favor.",false,[16,20,24,28,32],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},9,"Home Prices","home-prices",{"id":25,"name":26,"slug":27},11,"First-Time Buyers","first-time-buyers",{"id":29,"name":30,"slug":31},35,"Mortgage Rates","mortgage-rates",{"id":33,"name":34,"slug":35},53,"Rent vs. Buy","rent-vs-buy","2021-01-20T10:00:46Z","2021-01-20T11:00:46Z",{"id":39,"slug":40,"title":41,"featuredImage":42,"publishedAt":43,"contentType":10,"isVideo":14},1801,"should-i-wait-for-lower-mortgage-interest-rates","Should I Wait for Lower Mortgage Interest Rates?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F01\u002F15095353\u002F20210119-KCM-Share.jpg","2021-01-19T10:00:49Z",{"id":45,"slug":46,"title":47,"featuredImage":48,"publishedAt":49,"contentType":10,"isVideo":14},1803,"what-experts-are-saying-about-the-2021-job-market","What Experts Are Saying about the 2021 Job Market","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F01\u002F19111249\u002F20210121-KCM-Share.jpg","2021-01-21T10:00:49Z",{"cover":51,"open":52,"shareSpread":53},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[55,59,60,64,68,72,73,74,78,79,83,87,91,95,99,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156],{"id":56,"name":57,"slug":58},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":61,"name":62,"slug":63},6,"For Sellers","sellers",{"id":65,"name":66,"slug":67},7,"Foreclosures","foreclosures",{"id":69,"name":70,"slug":71},8,"Infographics","infographics",{"id":21,"name":22,"slug":23},{"id":25,"name":26,"slug":27},{"id":75,"name":76,"slug":77},34,"Senior Market","senior-market",{"id":29,"name":30,"slug":31},{"id":80,"name":81,"slug":82},38,"Move-Up","move-up",{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":33,"name":34,"slug":35},{"id":101,"name":102,"slug":103},80,"Time-sensitive","time-sensitive",{"id":105,"name":106,"slug":107},81,"Outdated","outdated",{"id":109,"name":110,"slug":111},147,"Internal","internal",{"id":113,"name":114,"slug":115},148,"Do Not Autopost","do-not-autopost",{"id":117,"name":118,"slug":119},320,"Inventory","inventory",{"id":121,"name":122,"slug":123},321,"Agent Value","agent-value",{"id":125,"name":126,"slug":127},322,"Affordability","affordability",{"id":129,"name":130,"slug":131},323,"Buying Tips","buying-tips",{"id":133,"name":134,"slug":135},324,"Downsize","downsize",{"id":137,"name":138,"slug":139},325,"Economy","economy",{"id":141,"name":142,"slug":143},326,"Equity","equity",{"id":145,"name":146,"slug":147},327,"Forecasts","forecasts",{"id":149,"name":150,"slug":151},328,"Selling Tips","selling-tips",{"id":153,"name":154,"slug":155},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":157,"name":158,"slug":159},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]