Dallas-Fort Worth consumers decidedly better off renting than buying a house, study says - Dallas Business Journal

  • 📰 DallasBizNews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Nigeria News News

Dallas-Fort Worth consumers decidedly better off renting than buying a house, study says - Dallas Business Journal
Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Dallas-Fort Worth is one of many housing markets where high home prices and mortgage rates make it better financially to rent than to buy, according to a new study.

Dallas-Fort Worth is one of many housing markets in the nation where high home prices and mortgage rates make it better financially to rent than to buy, according to a new study., according to the latest study from researchers at Florida Atlantic University and Florida International University.

The monthly report measures the ratio of a market’s average home price to that market’s average annual rent, allowing for a relative financial comparison between owning and renting, according to the study’s authors. McAllen, Texas ranks No. 1 in the nation in favor of renting, with a premium of 23.3% percent, according to the report.

The results favoring renting over buying reflect the fact that home prices generally are rising faster than rents, said Ken H. Johnson, an economist in Florida Atlantic University’s College of Business. The results showing renting beats buying come with a caveat, cautioned William G. Hardin III, dean of Florida International’s College of Business.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

DallasBizNews /  🏆 525. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dallas Central Appraisal District online services remain down following ransomware attack - Dallas Business JournalAs of Monday morning, DCAD’s online services remain down. In an online statement, the appraisal district said it was working with an IT security vendor and authorities to resolve the issue.
Source: DallasBizNews - 🏆 525. / 51 Read more »