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| Daren Blomquist |
IRVINE, CA — RealtyTrac® (www.realtytrac.com), the nation’s
leading source for comprehensive housing data, released an analysis of fair
market rents and median home prices in more than 500 U.S. counties, which shows
that buying is still more affordable than renting in the majority of U.S.
housing markets, while the opposite is true in markets with the biggest
increase in the millennial share of the population over the last six years.
“First-time buyers
and potential boomerang homebuyers are stuck between a rock and a hard place in
today’s housing market: many of the markets with the jobs and amenities they
want have hard-to-afford rents and even harder-to-afford home prices; while the
more affordable markets have fewer well-paying jobs and tend to be off the
beaten path,” said Daren Blomquist, vice president at RealtyTrac.
“Those emerging markets with the combination of good jobs,
good affordability and a growing population of new renters and potential
first-time homebuyers represent the best opportunities for buy-and-hold real
estate investors to buy low and benefit from rising rents in the years to
come.”
For a complete copy of the company’s news
release, please contact:
Jennifer von
Pohlmann
PR Manager
Office:
949.502.8300 ext 139
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