Renting Surpasses Buying as the More Affordable Option in Top US Real Estate Markets

A new study reveals that renting has become the more affordable option in major U.S. cities, with the monthly cost for a starter home in the largest 50 U.S. metros being roughly 60% more than the monthly rent. Dallas realtor Rogers Healy attributes this shift to a rise in consumers with a "short-term" business strategy, leading to a change in real estate dynamics across the country. He emphasizes the importance of saving up for those looking to enter the real estate market, especially as 70% of millennials aim to buy their first home in the next couple of years.