Why Buying Beats Renting (or Not) in 2024

Thinking about swapping your rent check for a mortgage? Brace yourself: the average U.S. mortgage payment is now 82% higher than renting a two-bedroom place. In cities like Vegas and Phoenix, that gap is even wider. Only in spots like Chicago and Miami does buying come a bit closer to renting, thanks to pricier rentals. With home prices and mortgage rates both climbing, don’t expect relief soon. For now, renting might just be the smarter wallet move. #HomeBuying #RentVsBuy #MoneyHacks #RealEstate