With housing prices now down to 2002 levels throughout most of the country, many people who previously shied away from real estate are now thinking of locking in a deal. Not so fast! While affordability has certainly improved in many areas, prices in others remain high when compared to pre-bubble long-term averages. To visualize home affordability throughout the country, we compare price-to-rent ratios in various metro areas to where they were at the peak of the bubble (2006), as well as their long-term pre-bubble average (1989 to 2003).

Mortgages – CreditSesame.com

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Published June 16, 2011 Updated: August 7, 2014
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4 responses to “Rent vs Buy: What the Numbers Show In Your City”

  1. […] UPDATE: Great infographic from CreditSesame on Rent vs. Buy Ratios in your city, click here. […]

  2. Eric Wolff says:

    When you say median rent, is that median house rent? Where did you get data on houses? Or is that apartments?

  3. Aleksandra Todorova says:

    Hi Eric,

    the data comes from Moody’s Analyitics. It refers to median rent in the respective area. The report is not available online, but you can see more coverage from NPR: http://www.npr.org/blogs/money/2011/04/14/135380539/should-you-rent-or-buy-contd

  4. […] June 23rd, 2011 categories: Real Estate News via creditsesame.com […]

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