Renters Looking to Buy as Rent Soars

August 14th, 2015 | by: Steve Pollack | Posted in : Real Estate News, Economy

Rent rose 4.3% in May according to Zillow. With buying a home already more affordable than renting, the imbalance is only projected to worsen as rents outpace home values. The high rental costs are forcing the hand of renters to consider buying a home.