It was cheaper to rent than buy in most U.S. cities in 2018.
That’s according to a new report from property database ATTOM Data Solutions.
It’s because home prices are growing faster than wages.
The report found that was true in 80% of U.S. markets.
The report analyzed 755 counties nationwide.
It was cheaper to rent a three-bedroom property than to buy a median-priced home in 59% of the counties.
This was the case in each of the nation’s 18 most populated counties.
But renters also have affordability issues.
Average rents jumped faster than earnings in 52% of markets in 2018.
Here's hoping for a raise this year!