Buying is more affordable than renting in Detroit, Philadelphia, Cleveland and Houston. The largest homeownership premium is in the Bay Area, where it’s twice as expensive to buy than rent. Nationwide, the typical home costs an estimated 25% more per month to own than rent.  A drop in mortgage rates would cause the homeownership premium … Continue reading There Are Only Four Major U.S. Metro Areas Where It’s Cheaper to Buy a Home Than Rent