How "Rent vs. Buy" Shifted in 2023
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The only thing worse than a post-pandemic rental market? A post-pandemic buyer’s market. I sat down with Zillow’s Head of Rentals Communication to talk about how the rental market has evolved over the last three years, and the one variable that might just make buying your home right now worth it. Plus, I share the numbers and rationale behind our own decision to continue renting near Sacramento, California.
What are your considerations when picking a place to live? How are you making the rent vs. buy decision in 2023? Email us at moneywithkatie@morningbrew.com.
Transcripts can be found at podcast.moneywithkatie.com
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Mentioned in the Episode
- Rent vs. Buy in a High Interest Rate Environment: https://podcast.moneywithkatie.com/the-rent-vs-buy-decision-in-2022s-interest-rate-environment-and-lofty-market/
- Housing Affordability is at an Historic Low: https://thehill.com/business/3881539-housing-affordability-hits-historic-low/
- Average Closing Costs, per Rocket Mortgage: https://www.rocketmortgage.com/learn/closing-costs
- Average 30-Year Fixed Rate (updated daily): https://www.bankrate.com/mortgages/mortgage-rates/
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