Some Highlights:
The percentage of income needed to buy a median priced home is almost half as much as needed to afford median rent.
Buying costs are significantly less than renting costs.
The percentage of income needed to afford a median priced home is less than the historic norm.
![Renting vs. Buying What Does it Really Cost? [INFOGRAPHIC]](https://i0.wp.com/www.simplifyingthemarket.com/wp-content/uploads/2016/05/Rent-vs.-Buy-STM.jpg "Renting vs. Buying What Does it Really Cost? [INFOGRAPHIC]")
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Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that: “Owning a home remains a core element of the American Dream.” When asked “How important a part of the American dream is owning a home?” 18% of those surveyed said it was the most […]
