A combination of soaring mortgage rates, still-high home prices and falling rents have made it more affordable to rent than buy in all of the top 50 U.S. metros, according to a new Realtor.com report.
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In fact, in February, the mortgage payment on a starter home in the largest metros cost $1,027 (+60.1%) more than the monthly rent in those markets, on average, the report found.
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