Rent-to-Buy Ratios Improve, Buy Now!


In some markets, buying a home may now be more affordable than renting. So it may be a good time to buy.

Here's Why:
The rent-to-buy ratios in some markets are improving, coming close to the ideal 15-to-1 radio of median sales prices to median annual rents. That translates to needing $150,000 to buy a house that would rent for $10,000 a year. The ratio was as high as 25:1 in certain overheated markets at the height of the housing boom.